
Senior execs Forsyth, Frasca and Lemieux leaving Shopify
Long-serving C-suite leaders are expected to end their lengthy tenures with the Ottawa-based e-commerce company in June.

Senior execs Forsyth, Frasca and Lemieux leaving Shopify
Long-serving C-suite leaders are expected to end their lengthy tenures with the Ottawa-based e-commerce company in June.

Telesat seeks to raise US$500M in secured note offering
Ottawa-based firm says proceeds from the offering will help finance its multibillion-dollar low-Earth orbit satellite program.

Ottawa’s Thermal Energy beefs up U.S. manufacturing operations
Ottawa-based firm says new facility in Pennsylvania will help it meet growing demand for its technology that recycles wasted energy from boiler plant and steam

Edgewater Wireless eyes $800K capital raise in effort to kickstart revenue flow
Ottawa-based Wi-Fi network technology firm says its solution is performing well in tests, but company lacks sufficient capital to ramp up production.

Shopify to raise US$1.55B in latest share offering
Ottawa e-commerce giant says it will use the cash influx to beef up its balance sheet and provide “flexibility to fund its growth strategies.”

Calian Group raises fiscal 2021 guidance after surge in Q1 health-care revenues
Kanata firm reported revenues of $116.2 million for the three-month period ending Dec. 31, 2020, up 17 per cent from a year earlier.

BlackBerry QNX software to help power Hyundai AV technology
Kanata firm’s Black Channel Communications platform is designed to ensure a vehicle’s embedded safety systems are able to seamlessly and securely exchange data.

Kivuto Solutions’ new CEO pursues ‘next phase’ of growth for educational software firm
New boss Mark McKenzie has decades of experience scaling up companies in Silicon Valley.

Cleantech firm Thermal Energy sees signs of hope despite major drop in Q2 revenues
Despite the steep drop in sales, the company still managed to boost its net profit to $580,000 from $385,000.

Pre-COVID pivot pays off for bug-detecting e-commerce software firm Noibu
Ottawa software startup that posted nearly 600 per cent revenue growth in 2020 is projecting a similar surge in sales over the next 12 months.
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