Social media and online-education startups are poised to lead a resurgence in technology initial public offerings in Canada as investors burned by a slump in the commodity industry turn to more lucrative markets.
Open Text Corp. Chief Executive Officer Mark Barrenechea, taking a page from former boss Larry Ellison’s merger playbook at Oracle Corp., is planning to expand the Canadian software maker by going shopping again.
Open Text Corp., Canada’s second- largest technology company by market value, surged to a record after agreeing to buy GXS Group Inc. in a deal worth about $1.17 billion to expand its data exchange services business.
BlackBerry Ltd.’s new chief executive officer, rejecting calls to exit the hardware business, gets a chance this week to convince investors he has the time and vision to revive a unit that’s dragging sales back down to 2007 levels.
EasyLink Services International Corp., a provider of cloud-based business messaging and transaction services, was sued by a shareholder claiming Open Text Corp.’s $310 million takeover offer undervalues the company.