Techopia

Analysts praise Shopify’s decision to narrow its focus, but some still question firm’s leadership

Ottawa-based Shopify said Thursday it is laying off 20 per cent of its employees and selling its logistics business to California-based supply chain management company Flexport. 

Shopify stock surges after firm announces plans to cut workforce by 20% and sell logistics business

Ottawa-based Shopify announced the moves Thursday morning and positioned them as a way to help it focus on its main goal: making commerce easier.

Kwesst Micro Systems inks $20M deal with DND

The company said it will provide “specialized software development and integration solutions” to the Canadian Army under the agreement, which runs until May 2028.

Ottawa’s Iridian Spectral Technologies poised to expand after being acquired by U.S. firm

Producer of optical filters plans to expand its 43,000-square-foot manufacturing facility near Hunt Club Road to about 60,000 square feet before the end of the year.

Thermal Energy gains steam as new orders roll in, revenues rise 60% in Q3

Ottawa-based cleantech firm's order backlog stood at $18.5 million as of April 20, up from $5.6 million in February 2022.

Fullscript adds veteran U.S. health-care exec to C-suite in bid to fuel growth

Ottawa health-care technology firm beat its revenue forecasts by more than 10 per cent in the first three months of 2023 and is on pace to exceed its goal of 20 per cent year-over-year revenue growth.

Virica Biotech’s viral vector-boosting technology gets $790K shot in the arm

While about three-quarters of Virica’s 50 customers are gene therapy producers, founder and CEO Jean-Simon Diallo says his firm’s technology also accelerates the production of vaccines.

Tech founders make their pitch at L-Spark’s SaaS Showcase

An Ottawa-based Canadian startup accelerator designed to help entrepreneurs grow their great ideas into thriving tech companies celebrated the graduation of its ninth cohort Thursday.

C-COM Satellite’s Q1 revenues fall nearly 80% amid ‘sluggish’ market conditions

Ottawa firm reported revenues of $683,949 in the three-month period ending Feb. 28, down from $3 million in the first quarter of 2022. 

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