HLNAND™ Solid State Drive

Ottawa Business Journal - Techopia - - Lookback -

May 28

Gen­band has com­pleted its ac­qui­si­tion of the Nor­tel’s car­rier voice-over-In­ter­net pro­to­col and ap­pli­ca­tion so­lu­tions busi­ness, one of the last ma­jor pieces of the fallen tele­com gi­ant to be sold.

Plano, Texas-based Gen­band which an­nounced the US$182-mil­lion deal in Fe­bru­ary, said Fri­day that it’s now wrapped up plan­ning for the in­te­gra­tion process and has fi­nal­ized its ex­ec­u­tive man­age­ment team, re­port­ing struc­ture and prod­uct roadmaps.

As well, nearly 100 per cent of the 400 em­ploy­ment of­fers ex­tended to Nor­tel’s for­mer em­ploy­ees in the divi­sion have been ac­cepted, the com­pany said. There will be ap­prox­i­mately 500 peo­ple in to­tal work­ing for Gen­band in Canada.

July 16

Ad­vanced video com­pany IPeak Net­works fin­ishes its Se­ries B round of fi­nanc­ing, at­tract­ing in­vestors such as Mi­ralta Cap­i­tal L.P. and Ar­je­san II Lim­ited Part­ner­ship, the firm an­nounced on Thurs­day. Like the com­pany’s Se­ries A round of fund­ing last July, this lat­est an­nounce­ment does not dis­close how much money the com­pany raised from in­vestors.

Oc­to­ber 4

DragonWave Inc. ac­quires Ax­erra Net­works for $9.5 mil­lion , with the pro­vi­sion that the trans­ac­tion value could rise to as high as $15.5 mil­lion based on sales per­for­mance dur­ing the 16-month tran­si­tion pe­riod.

The deal will bring more cus­tomers to the tech firm while broad­en­ing its mo­bile net­work ca­pa­bil­i­ties to ex­ist­ing 2G and 3G net­works and next-gen­er­a­tion 4G, ac­cord­ing to DragonWave

In a state­ment, DragonWave – which has been crit­i­cized in re­cent months for draw­ing most of its rev­enue from a sin­gle cus­tomer – said Ax­erra’s port­fo­lio of prod­ucts would “strengthen and com­ple­ment” that of the packet mi­crowave ra­dio sup­plier .

Novem­ber 5

Work Horse Cap­i­tal & Strate­gic Ac­qui­si­tions Ltd. closes a $5.8-mil­lion qual­i­fy­ing trans­ac­tion to ac­quire Palo Alto, Calif.-based Per­sonal Web Sys­tems Inc. The deal is closed con­cur­rently with a pri­vate place­ment for $3.135 mil­lion, the cap­i­tal-pool com­pany says in a re­lease.

Novem­ber 10

Rid­ing the strength of an 80 per cent growth in sales this year, BTI Sys­tems an­nounced late Tues­day an $11 mil­lion in­fu­sion of fund­ing from ex­ist­ing in­vestors. Rep­re­sen­ta­tives from the packet op­ti­cal net­work­ing tech­nol­ogy maker said in anOBJ in­ter­view that they ex­pect sev­eral new an­nounce­ments about cus­tomer wins in the next few months.

Novem­ber 22

Tech­nol­ogy li­cens­ing com­pany WiLAN Inc. says it has ini­ti­ated a law­suit against Com­cast Corp., Time Warner Cable Inc., and Charter Com­mu­ni­ca­tions, claim­ing that each vi­o­lates one of its patents in its cable sys­tems and cable mo­dem prod­ucts.

WiLAN claims the three telecom­mu­ni­ca­tions gi­ants vi­o­late the patents in the sale, sell­ing, op­er­at­ing, ad­ver­tis­ing and mar­ket­ing of the prod­ucts.

The com­pany, which de­rives its rev­enues by li­cens­ing in­tel­lec­tual prop­erty and de­fend­ing it in court, said the law­suit was filed in a U.S. District Court in East­ern Texas.

De­cem­ber 1

Nor­tel Net­works Corp. sells its Chinese tele­com joint ven­ture Guang­dong Nor­tel to Eric­s­son (China) Com­mu­ni­ca­tions Com­pany Ltd. for about US$50 mil­lion in cash. The for­mer Cana­dian high-tech gi­ant, which has largely been dis­man­tled and sold off in pieces un­der court su­per­vi­sion, owns 62 per cent of Guang­dong Nor­tel. The divi­sion was es­tab­lished in 1995.

De­cem­ber 3

Site­brand Inc. de­clares it is en­ter­ing cred­i­tor pro­tec­tion, and that chief ex­ec­u­tive Chris Cor­man will leave the firm. In its most re­cent re­lease of fi­nan­cial re­sults for the sec­ond quar­ter, it posts a net loss of $29,161 in the three months end­ing May 31, a slight im­prove­ment from a $112,164 loss in Q2 2009.

De­cem­ber 6

Pro­tus IP So­lu­tions Inc. is ac­quired by U.S.based j2 Global Com­mu­ni­ca­tions for US$213 mil­lion. The com­pany says it will lay off an undis­closed num­ber of its 260 work­ers as a re­sult of the trans­ac­tion, which will keep the com­pany in Ot­tawa, and that Steve Adams will lead the Ot­tawa of­fice, be­com­ing Pro­tus’ gen­eral man­ager and vice-pres­i­dent and di­rectly re­port­ing to j2 CEO Hemi Zucker.

De­cem­ber 6

En­ab­lence Tech­nolo­gies Inc. raises $21.2 mil­lion in a pub­lic of­fer­ing. The fi­bre-to-the­home provider sells 36.6 mil­lion com­mon shares, with chief ex­ec­u­tive Tim Thorstein­son pur­chas­ing 258,620 of those for gross pro­ceeds of $150,000. Syn­di­cate mem­bers in­clude Par­a­digm Cap­i­tal, TD Se­cu­ri­ties Inc., Fraser Macken­zie Ltd. and Ray­mond James Ltd.

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