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Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO

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The PBO says higher interest rates will lead the economy to stagnate in the second half of the year, while the federal deficit rises significantly

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Video

Kanata-based Fidus Systems is poised for aggressive expansion after agreeing to sell a majority stake to New York private equity firm Catchment Capital. While financial terms remain undisclosed, the company says the deal provides the “rocket fuel” needed to pursue strategic acquisitions and accelerate R&D.

Fidus, a designer of complex embedded components for sectors like aerospace and autonomous vehicles, will retain its local headquarters and executive team. The partnership offers the capital to scale the 200-person company’s already rapid revenue growth while preserving its culture, emphasizing that operations remain unchanged ‒ just with deeper pockets for future innovation.

In this special episode of Techopia Live, OBJ publisher Michael Curran talks with Scott Turnbull, chief technology officer of Fidus Systems, about the company’s new majority owner and what it might mean for its future.

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Techopia Live: Fidus gets new majority owner to pursue aggressive growth plan | Episode 292

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