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Xerox Corp., a Conn.-based printing company, acquired LaserNetworks, an Oakville, Ont.-based provider of managed print services. Although financial terms of the transaction were not disclosed, Industry Canada filings note LaserNetworks has annual revenues ranging between $10-million and $25-million, suggesting the final price tag would be above the high end of that range. Since being founded in 1987, LaserNetworks has been named Profit Magazine’s fastest growing company three times and currently has 189 employees. Under the terms of the deal, founder Chris Stoate will continue to lead the company as the top executive of a Xerox Canada subsidiary.
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March Networks, a Kanata-based developer of video surveillance technology, revealed it had agreed to be acquired by Infinova , a unit of Shenzhen Infinova of China, for $90 million. This was the culmination of nearly six months of searching by March Networks for a way out of an impasse. Even before March Networks’ board of directors decided last June to canvass a range of options — from mergers to private equity transactions — the company’s CEO Peter Strom had been discussing a business arrangement with Infinova, which generates the majority of its sales in China.
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UPS says it will expand its Canadian network by opening its own operations in Atlantic Canada next April, creating about 250 jobs. The package delivery giant said it will begin pickup and delivery services in Moncton and Halifax, replacing its current agent. UPS says it will add other cities to the network later in 2012. The expansion involves a multimillion-dollar investment from the company based in Mississauga which is part of the UPS, a global package delivery company based in Atlanta, Ga.
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Massachusetts-based B4 Consulting, which helps companies grow with SAP software, services and support, announced the opening of its Canadian subsidiary, headquartered in Toronto. With offices in the U.S. and Germany, the opening of B4 Consulting in Toronto expands the firm’s North American market presence. Moreover, it enables B4 Consulting to meet the needs of midsize companies throughout Canada by offering them the complete portfolio of SAP midmarket solutions.
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Vindicia, a provider of SaaS billing solutions based in Califormia, announced its expansion to Toronto in order to support its rapidly growing customer base in the country. Vindicia's CashBox product, enables clients to transact in local currency, send communications in local languages and accept payment types popular in a particular geography, including Canadian-specific payment methods like Canadian electronic check. "Canada is a critically important market for us and we have witnessed broad demand for our services from every province," said Chairman and CEO Gene Hoffman.
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TPG America announced the opening of a new Canadian office in Montreal to serve it's growing Canadian market. It is also said that additional Canadian opportunities provided the stimulus for the creation of a dedicated team and office based in Montreal. Headquartered in Jamison Pa., the company is a full service provider for enterprise-wide project management.
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Sonru announced its entry into the Canadian market via a Reseller agreement with Workshift Systems Corporation, a provider of Technology Management, design infrastructure, support and business consulting. Sonru, headquartered in Ireland, has already seen its technology significantly streamline and improve the screening process for recruiters and hiring managers of blue chip companies in Ireland, the UK and Europe and will capitalize on Workshift’s network of clients to offer its innovative product to recruiters across Canada.
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Landsberg, a division of California's Amcor Packaging Distribution, openned a new facility in Toronto. With this facility, Landsberg gains new global markets reach and promises to infuse the Canadian market with "innovative packaging solutions backed by an extensive global supplier base, optimal logistics and a proven operational infrastructure," according to this company announcement.
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AccessData announced a new facility in Canada that will expand their Summation Litigation Support Services (SLSS) business. SLSS is a managed legal document processing, hosting and review service, providing clients with document review management.
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AdzZoo, LLC, a search engine marketing provider for small to mid-size businesses, announced that it will be expanding to Canada. Canadian businesses in British Columbia and Ontario will be able to use AdzZoo's approach to small business marketing. There are plans to expand to additional provinces in the near future. AdzZoo is a Google Certified Partner.
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Utah-based inthinc Technology Solutions Inc., a telematics company centered on fleet management and driving safety, announced an investment in Calgary, Alberta. This facility in Calgary is the second Canada-based inthinc facility announced in less than one year. "Our Canadian customer base has grown by nearly 50% over the past two years," said Todd Follmer, CEO, inthinc Technology Solutions.
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A UK online advertising company, Glam Media Inc., is expanding in Canada with the acquisition of Toronto-based BBS Media. Fueled by the market's acceptance of online advertising, Glam Media has experienced "massive growth" in 2010. Together the companies have about 17 million unique visitors a month in Canada. BBS media will now be re-named Glam Media Canada. Glam paid between $10 to $20 million, according to Bloomberg BusinessWeek.
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Arise Virtual Solutions, a U.S. provider of virtual business services, is looking to hire 2,000 people in Canada. "We are seeing a lot of client interest in Canada," Arise chief executive Angie Selden said. Arise, which also has operations in the UK, already has about 300 people working for its clients in Canada. In the U.S., its clients range from Carnival Cruise lines, to road-side assistance companies, telecoms firms and retailers. The pay ranges from between $11 to $16 an hour, plus incentives.
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Boulder-Colorado based Intelligent Office, a virtual, professionally staffed office space for mobile executives and small businesses, announced its latest expansion plan to Canada. The company will add three new offices - in Scarborough, London and Toronto. The addition of the new offices brings the total number of Intelligent Office Canada locations to 10.
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Los Angeles-based Onebox, the hosted PBX and phone service owned by j2 Global Communications, announced that it has expanded its service into Canada. The service, which allows businesses to create a virtual phone system with voicemail, FAX, and other support, said the move would both allow Canadian and U.S. companies to set up local numbers in Canada. The service said numbers are available in 15 major Canadian cities, including Toronto, Montreal, Vancouver, Ottawa, and Calgary. j2 acquired Onebox in December of 2008.
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The RM Group, a provider of business information and registrations in the UK, has opened a new division RM Group (Canada) Limited in Toronto. RM's main product, the market web accessed system, called e-Incorp, allows clients from anywhere in the world to form a UK Limited, LLP or UK Public Limited companies. Chairman of the RM Group Manny Cohen said: "We have seen an increase in the amount of people incorporating new companies from outside the UK due to our quick and easy to use online UK formations system, e-Incorp."
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Construction firm Mortenson, an affiliate of U.S.-based M.A. Mortenson Company, will now offer planning, program management, preconstruction, engineering, general contracting, design-build and construction management from its new office in Mississauga, Ontario. In Canada, Mortenson is also involved in wind power projects.
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G-Data Software AG, a security software vendor from Germany, has" big growth plans for this year in Canada." "Although it does business in more than 80 countries, most of G-Data's business today comes from Europe and Asia," Gary Sidhu, vice-president of sales and marketing, North America for G-Data, said. In addition, "G-Data currently has about 20 partners in North America, five of which are from Canada," Sidhu said. "In Canada, we're aiming to have at least 40 partners," he added.
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California-based Mitratech, a company that offers Collaborative Accountability applications (matter management, e-Billing, and GRC management automation), announced the opening of offices in Toronto and St. John (NB). The new office in Ontario will be primarily focused on business acquisition and growth, while the office in New Brunswick will house local Canadian services and technical staff to support Mitratech's client community.
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United Kingdom-based Sims Recycling Solutions (SRS) is to open its newest electronics recycling facility in Mississauga, Ontario. The 287,000 square foot facility offers the recycling of waste electronics and electrical equipment (WEEE) or e-waste. "This multi-million dollar investment provides evidence of the company's commitment to continuously developing better green technology and more green jobs in Canada." Cindy Coutts, President of Sims Recycling Solutions Canada, said.
