28th June 2011

Redline Settles Class Action Suit

redline communicationsRedline Communications Group Inc. has reached an agreement in principle to settle the proposed class action lawsuit commenced in Ontario in September of 2010 against the Company, certain of its current and former directors and officers, and its former auditors. These claims remain unproven and the action has not received court approval.

The agreement in principle provides for the settlement, release and dismissal of all claims asserted against the Company, its former auditors and the individual proposed defendants.

Substantially all of the anticipated contribution to the settlement amount from Redline and the individual proposed defendants is to be funded through their insurance coverage, the remaining nominal amount being funded by the Company. The agreement in principle remains subject to final settlement documents and receipt of court approval. The settlement does not constitute any admission of liability by Redline or its officers, directors and employees.

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28th June 2011

Destiny Media and Yangaroo Legal Update

destiny mediaDestiny Media and Yangaroo have resolved all litigation between the two parties. As part of the settlement agreement the parties agree that all allegations of infringement and invalidity on any existing or pending Yangaroo patents will immediately cease.  As a result, Destiny will drop the Canadian patent invalidity YANGAROOproceedings and its action for defamation against Yangaroo and certain of its former officers.  Yangaroo will drop its counterclaim for patent infringement in Canada and drop its defamation counterclaim as against Destiny and its CEO.

In consideration of the settlement, Yangaroo paid Destiny a lump sum amount totaling $600,000 (Canadian Funds), and granted Destiny certain intellectual property rights relating to the two patents held by Yangaroo that were the subject matter of the dispute.

Destiny will continue to provide Play MPE® in its current form with no changes or service interruptions.  As part of the settlement, neither party will pursue legal fees, court costs or royalties pursuant to the above mentioned disputes. YANGAROO is pleased with the result as it allows YANGAROO to focus on its business and to provide the best services possible to its customers and clients.

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28th June 2011

Microsoft Canada Study Finds We Are Not Racing To The Cloud

Microsoft CanadaCanadian small and medium-sized businesses (SMBs) are hesitant to harness the power of the cloud, in large part because they find it difficult to keep pace with rapid technology advancements, according to a survey conducted by Leger Marketing and commissioned by Microsoft Canada.

The study found that although nearly 73 per cent of SMBs understand that cloud-based technology offers a cost-effective means of accessing the latest technology, just 30 per cent are currently investing in cloud services.

“We all know that with great technology, you are at a better business advantage. Yet with 83 per cent of SMBs finding it hard to keep pace and 79 per cent settling on old tech even though they know there are better options, it is clear that Canadian businesses require simple and cost-effective cloud-based services to drive productivity, efficiency and give them the competitive edge,” says Eric Gales, President of Microsoft Canada. “Three-quarters of Canadian SMB are ready to invest in their own growth, but they want to invest smartly in technology that is going to work for them. This is why we’re so excited to announce the launch of Office 365 to meet Canada’s SMB technology needs.”office 365

Office 365 brings together Microsoft Office, Microsoft SharePoint Online, Microsoft Exchange Online and Lync Online in an always-up-to-date service, with a predictable monthly cost that starts at just $7 per user, per month.

Moving to the cloud with Office 365 doesn’t require a team to change the way it works, because the service is based on familiar tools people know and trust, including Microsoft Word, Excel, PowerPoint, OneNote, Outlook and more. Employees get new ways to work together with ease, on virtually any device or mobile phone, and businesses get the reliability, security and IT controls they need in the cloud, even without a dedicated IT staff.

“I’m a road warrior and my office is a coffee shop, a hotel room or my clients’ board room” said James Won, founder of Servant4Stewards, a financial planning consultancy. “Office 365 gives me the power to work anywhere with full access to my documents on my computer and my mobile phone. The best thing about Office 365 is the fact that I can collaborate with clients and third-parties, revising, sharing and updating documents seamlessly in the cloud.”

Microsoft is building a massive partner ecosystem around Office 365, which includes new ways of partnering with service providers such as telecommunications and hosting firms around the world. Bell, Canada’s largest communications company, is the first Canadian syndication partner.  Bell will be offering Office 365 bundled with their communication services, creating a one-stop-shop for small and midsize businesses.

“Bell and Microsoft have worked closely for years to help Canadian businesses with their collaboration needs, and we’re happy to partner with Microsoft to bring Office 365 to the Bell cloud portfolio,” said Strahan McCarten, Director of Product Management, Hosting & Cloud Computing, Bell Business Markets, Bell Canada. “With Office 365, Bell customers can reduce their costs and maximize their IT productivity whether they’re starting a new business venture or enhancing their existing technology operations.”

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28th June 2011

The Mobile Giving Foundation Canada Partners with Videotron

mobile giving foundationThe Mobile Giving Foundation Canada (MGFC), in collaboration with the Canadian Wireless Telecommunications Association (CWTA), is pleased to announce a new partnership with Videotron that will offer customers of the wireless carrier the opportunity to support registered charities through text-to-donate initiatives. Videotron customers can now respond to a registered charity’s call-to-action by texting a specific keyword to an assigned five-digit number to donate either $5 or $10, depending on the type of campaign. The amount donated by text will be charged to the donor’s wireless phone bill, and is billed as a tax-exempt transaction. The carrier then remits 100% of the funds collected from mobile donations to the MGFC, who in turn remits 100% of this amount directly to the registered charity. Donors can also obtain official receipts for tax purposes by contacting support.

“Videotron is very pleased that this partnership can end up helping so many causes and so many Canadians,” declared Videotron’s Mobile Marketing and Product Development General Manager, Marie Ginette Lepage. “We today live a life of choices, and with these kinds of partnerships, we are able to offer support, as well as touch and help so many people.”

“On behalf of the Mobile Giving Foundation Canada, I extend our appreciation to Videotron for their efforts in providing this new mobile channel for their customers to support their favourite causes,” said Bernard Lord, MGFC Chair and CWTA President. “Canadians have overwhelmingly embraced the power of mobile giving, raising hundreds of thousands of dollars for more than 100 registered charities in the past year alone.”

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28th June 2011

Request For Expressions Of Interest For Waterfront Cultural and Animation Strategy

Toronto WaterfrontWaterfront Toronto is interested in hearing from firms, cultural groups, creative industries and festival organizers with proposals to bring diverse, vibrant forms of culture and animation to Toronto’s waterfront.

A Request for Expressions of Interest (REOI #2011-09: Waterfront Cultural and Animation Strategy) was recently issued to solicit submissions to animate the wide range of opportunity for office and gallery uses, museums, public art, performing arts centres, cultural centres and festivals on Toronto’s waterfront.

Culture, the arts and tourism play key roles in the transformation of Toronto’s waterfront. With revitalization efforts well underway and private sector partners on board in the East Bayfront and West Don Lands, Waterfront Toronto is in a position to implement its cultural, tourism and animation strategy in the new waterfront communities.

In 2006, Waterfront Toronto commissioned a Cultural and Animation Strategy for the East Bayfront with a series of recommendations for cultural and animation uses for the revitalized waterfront.  The REOI is the next step towards waterfront animation.

Waterfront Toronto would like to hear from interested groups who have the experience, vision and financial capacity to animate cultural and tourism spaces on Toronto’s waterfront.

“Part of our mandate has always been to animate Toronto’s waterfront and create a premier destination for residents and visitors alike,” said John Campbell, Waterfront Toronto President and CEO. “We are now looking for inspiration, great creativity and purposeful action to implement this key revitalization objective.”

East Bayfront and West Don Lands will offer unprecedented cultural and commercial animation opportunities across a variety of spaces including ground floor retail, mezzanine, multi-floor and stand-alone spaces.

East Bayfront will be defined by its architectural design excellence, its direct access to Lake Ontario and signature parks and public spaces. The area is already home to the new headquarters of Corus Entertainment, the popular Canada’s Sugar Beach, Sherbourne Common and future home to mixed-use projects by The Great Gulf Group of Companies and Hines.

The West Don Lands will be one of Toronto’s next great neighbourhoods; a people focused community, environmentally sustainable and beautifully designed for urban living. First phase development is underway with Urban Capital’s River City project while the build-out of the entire area is being accelerated by the delivery of the Athletes’ Village for the 2015 Toronto Pan/Parapan American Games.  Following the Games, the Athletes’ Village will become the heart of this new community.

“Our goal is to create a ‘quality of place’ for Toronto’s waterfront that will rival anywhere in the world,” said Campbell. “We are creating a legacy of beautiful, vibrant, sustainable neighbourhoods that reconnect Toronto with its waterfront.”

Interested firms are invited to submit their proposals by Friday, July 29th before 4:00 p.m. ET. Proposals should include concept and vision, experience and qualifications, target audience and expected visitors, and space requirements and location. A supporting business plan for capital and operating costs must also be submitted since Waterfront Toronto is not in a position to provide capital or operating subsidies.

The Governments of Canada and Ontario and the City of Toronto created Waterfront Toronto to oversee and lead the renewal of Toronto’s waterfront. Public accessibility, design excellence, sustainable development, economic development and fiscal sustainability are the key drivers of waterfront revitalization.

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28th June 2011

Absolute Software Announces New Board Member

Absolute SoftwareAbsolute® Software Corporation has announced the appointment of Daniel P. Ryan to Absolute’s Board of Directors, effective June 27, 2011.

“Absolute is at the center of the convergence of endpoint security and endpoint management,” said Mr. Ryan. “This is an exciting time to be in this industry, and Absolute is bringing to market some innovative solutions to help organizations solve the challenge of securely managing mobility.”

Mr. Ryan is a seasoned executive with more than 25 years of experience in the technology sector. He has Daniel Ryanheld senior roles in business development, sales, marketing and product strategy, and is currently the “Entrepreneur-in-Residence” with Split Rock Partners, a U.S.-based technology and healthcare venture capital firm. Prior to joining Split Rock, Mr. Ryan served as Chief Executive Officer and Director of the Board for Pareto Networks, a leader in cloud-based networking, which he helped position for sale to Aerohive Networks in 2011. Mr. Ryan has also served as Executive Vice President and General Manager for McAfee’s Network Security Unit, joining McAfee in 2008 when it acquired Secure Computing where he was Chief Executive Officer and Director of the Board. Before Secure Computing, Mr. Ryan was Senior Vice President of Enterprise Content Management at Oracle, following its 2006 acquisition of Stellent where he was Chief Operating Officer. Mr. Ryan holds a Bachelor of Science degree in Mathematics and Economics from the University of Minnesota.

“We are very pleased to have a person of Dan’s caliber join Absolute’s Board of Directors,” said John Livingston, Chairman of the Board and Chief Executive Officer at Absolute Software. “Dan’s extensive industry experience, eye for technology leadership, merger and acquisition background and deep understanding of the trends driving our growth will be valuable assets as we continue to strengthen Absolute’s position as a global leader in endpoint security and management.”

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27th June 2011

Government of Canada and SFU Strengthen Relationships with India

Government of CanadaA $302,525 federal investment will support Simon Fraser University (SFU) in delivering the BC-India Innovation, Exchange and Mobility Initiative. The project will facilitate partnerships between the two regions that will lead to collaborative research, trade and investment activities.

“Investments like this are crucial to strengthening Canada’s international linkages, promoting our educational institutions, and helping maintain British Columbia as the ideal place to invest,” said the Honourable Lynne Yelich, Minister of State for Western Economic Diversification (WD). “Today is an important step toward creating economic opportunities, while increasing Western Canada’s international visibility and reputation.”

Over two years, SFU students will be placed within Indian organizations, Indian professionals will visit B.C. and sector-focused workshops will be hosted in both B.C. and India. The clean energy, health and life sciences, and new media/film sectors will be targeted.

“Undergraduate and graduate students benefit tremendously from work terms in India. This program will elevate SFU’s efforts to connect companies and organizations in India and Canada by means of exchanges as well as Indian visitors and workshops,” said SFU president Andrew Petter. “Through this funding support and that of our India Advisory Council, SFU is well-placed to play a major role in India’s declared Decade of Innovation.”

India is one of the world’s fastest growing economies and is projected to be the world’s third largest economy by 2050. WD and SFU see this as a fitting time to undertake activities that capitalize on the emerging opportunities India presents.

With eight faculties across three campuses in Burnaby, Vancouver and Surrey, Simon Fraser University currently has more than 30,000 students, 110,000 alumni, and over 900 full-time faculty members. Student-centered, research-driven, and community engaged, SFU is Canada’s leading comprehensive university. In 2006, SFU was the first Canadian university to launch an India Strategy which has its secretariat at SFU Surrey and is guided by an India Advisory Council comprised of leading community and business leaders.

WD works with the provinces, industry associations and communities to promote the development and diversification of the western economy, coordinates federal economic activities in the West and advances the interests of western Canadians in national decision making.

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27th June 2011

Cogeco Cable Acquires Quiettouch Inc

cogecoCogeco Cable Inc. has reached a definitive agreement to acquire all of the shares of Quiettouch Inc., an independent provider of outsourced managed IT and infrastructure services to mid-market and larger enterprises in Canada.

Quiettouch offers a full suite of differentiated services that allow customers to outsource their mission-critical IT infrastructure and application requirements, including managed infrastructure and hosting, virtualization, firewall services, data backup with end-to-end monitoring and reporting, and enhanced and traditional colocation services. Quiettouch operates three data centres in Toronto and Vancouver, as well as a fibre network within key business areas of downtown Toronto.

“We’re thrilled to announce this acquisition. It is in line with our strategy of developing the business market. It also demonstrates our willingness to seize upon external growth opportunities in our Canadian footprint when they arise,” said Louis Audet, President and CEO, Cogeco Cable. “This acquisition will enable us to widen our market focus and better serve the medium and large business market. Quiettouch is very well positioned in the managed IT and infrastructure services market and provides tremendous growth potential in the foreseeable future.”

“We’re pleased with this transaction. Cogeco Cable is a well-respected and a well positioned company in the telecommunications industry,” said Dave Templeton, President, Quiettouch. “We feel strongly that this transaction will also create added value for our customers, employees and management, who will benefit from Cogeco Cable’s expertise and market knowledge.”

The transaction will close once certain arrangements and commercial approvals are obtained. Cheverny Capital was Cogeco Cable’s advisor for this proposed transaction.

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27th June 2011

Looking For The Top 50 Best Managed Canadian Companies

50 Best Managed CompaniesToday marks the official launch of the call for applications for Canada’s 50 Best Managed Companies program 2011. Now in its 19th year, the nationwide search continues for companies who are demonstrating the power of being the best through their business excellence, calibre of management abilities and practices.

The Best Managed designation is an emblem of excellence and a source of pride for private companies. Canadian-owned and managed private companies and public companies with fewer than 50% of their shares or units traded with revenues over $10 million are invited to submit their Phase One application towards earning one of the country’s premier business awards.

“We’ve been committed to fostering the success of Canadian companies since 1993 and today we call on businesses that embody the hallmarks of excellence to be recognized,” said John Hughes, partner, Private Company Services, Deloitte, and national leader of Canada’s 50 Best Managed Companies program. “We invite companies to apply and discover the power of the best, and continue to raise the profile of the great work being done by private companies.”

A rewarding experience, the application process delivers insights which further strengthen companies’ business models. It is an opportunity for companies to re-examine their processes, reenergize the organization, and look for new opportunities. Overall, the program provides participants with an exceptional opportunity to gain knowledge from some of Canada’s top business leaders.

New this year, the program has added a Gold Standard designation for companies that have maintained their designation after three consecutive years and demonstrated a commitment to the program, creating a four-tier award program:

  • Best Managed winner: first time winners
  • Requalified member: repeat winners retaining designation for two years
  • Gold Standard winner: designation maintained after three consecutive years
  • Platinum Club member: designation maintained for a minimum of six consecutive years

The deadline for Phase One applications is 5:00 p.m. EST on September 23, 2011 and winners will be announced February 2012. Recognition of this great achievement will take place March 27, 2012 during an evening of celebration at Canada’s 50 Best Managed gala.

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27th June 2011

CakeDeals Helps Users Navigate the Daily Deal Industry

cakedealsIn Vancouver there are now over 40 businesses that offer special ‘group’ or ‘daily’ deals, popularized by Chicago-based startup Groupon. As Groupon moves towards filing for an IPO, competition has sprung up considerably. The army of so-called “Groupon Clones” march forward, replicating the attractive business model. Canadian start-up company CakeDeals is attempting to help users navigate the many deal vendors that have materialized through its web portal and its brand new iPhone application.

Hunters for deals need solutions like CakeDeals, as sifting through deal after deal has become unbearable. However, the benefit in convenience is also gained by the many “Groupon Clones” that have appeared. New deal vendors are increasingly attempting to pull themselves ahead and move forward in competing against the online coupon giants, Groupon and Living Social.

“New deal sites approach us every day. They work hard to negotiate great group deals for customers,” said Sam Lin, COO and Accounts Director of CakeDealsMany of them are trying to shake off the stereotype of just being labeled as a ‘Groupon Clone.'”

CakeDeals CEO, Simon Wong added that “we’re trying to provide as many channels and methods as possible for end-users to view and track these coupons. We want to save people time.”

Deal aggregators such as CakeDeals allow smaller vendors to compete alongside the giants. The site automatically curates a list of the active deals in a city from various partner vendors. It also provides a view optimized for mobile phones, as well as a free iPhone application via the Apple iTunes store.

Hunting for any type of deal in general can be time-consuming, and any new tool to aid in the search will certainly be welcomed. As the daily deal industry continues to expand at a rapid rate, customers will continue to turn towards deal aggregators to precisely navigate towards the deal that they are looking for.

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