WATERLOO TECH DIGEST
A free monthly compilation and analysis of news from high-tech companies in Waterloo Region & Guelph.

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January
·   AideRSS closes VC/angel funding round
·   IMS raises $29.5 million, OSC says
·   Agile closes $800K round
·   Dalsa rebounds with best quarter of the year
·   Sandvine ends year with break-even quarter
Plus news from Descartes, LiveHive, Crez, Desire2Learn, Atria, Com Dev, RapidMind, Arise.

February
·   Desire2Learn loses patent suit
·   Dalsa investor causes board shakeup
·   AideRSS hires Carol Leaman as CEO
·   New CEO at Arise
·   Atria to acquire Hydro Ottawa's telecom business for $63 million
Plus news from Com Dev, RDM, Avvasi, Open Text, Communitech, Covarity, Sandvine, Primal Fusion, PrinterOn, Biorem.

March
·   Sandvine cuts revenue forecast, warns of low Q1 sales
·   Sirific to be acquired by UK firm
·   Software Innovation to become part of Nasdaq-listed company
·   MKS expects profitable finish to fiscal year
·   Arise reports $4M loss; new plant to open this month
Plus news from Com Dev, RIN, Descartes, MedShare, AideRSS, We-Create, LoyaltyMatch, LaunchPad, Desire2Learn, Dalsa.

April
·   Well.ca receives funding
·   Sandvine sales cut in half
·   Arise to raise $45M through share offering
·   Virtek ends the year in the black
·   Arise to raise $45M through share offering
Plus news from Dalsa, Open Text, RapidMind, Tungle, AideRSS, ParkVu, LiveHive, MKS, CTT, eSolutions, RIM, Maplesoft.

May
·   Funding for Igloo & Arius; details about Well.ca
·   RIM creates $150M investment fund
·   Virtek receives acquisition offer from U.S. firm
·   MKS quarterly sales jump 67%
·   Descartes sales continue at steady pace
Plus news from Arise, Google, NDI, Com Dev.

June
·   Virtek shareholders asked to support hostile takeover
·   Virtek remains profitable on sluggish sales
·   Open Text acquires Spicer
·   Com Dev sales jump 40%
·   RIM quarterly sales top $2B
Plus news from MKS, Avvasi, Zoomii, ProductWiki, Well.ca, Dalsa, LiveHive, HighJump, LoyaltyMatch.

July
·   Virtek plans to sell imaging & templating business for $26.5M
·   Dalsa reports another strong quarter
·   Sandvine withdraws revenue guidance after another weak quarter
·   RDM sales continue to fall well below forecasts
Plus news from J2Play, LiveHive, AideRSS, Desire2Learn, RIM, Open Text, Christie.

August
·   Virtek board endorses $35M takeover offer
·   Medicalis raises $7M
·   Arise reports first PV cell sales, forecasts $45M by year-end
·   Open Text continues to report solid profits, cash flow
·   Open Text to acquire document capture firm for US$131M
Plus news from MKS, Descartes, Coreworx, Metranome, ATS, RIM, ANSYS, Desire2Learn.

September
·   Virtek prepares to receive another takeover bid
·   Virtek reports loss on acquisition offer expenses
·   RIM sales climb 88%; now 19M BlackBerry users
·   STOCK REPORT: RIM shares lose half their value
·   Tungle raises $5M
Plus news from Com Dev, IMS, Primal Fusion, Sandvine, Descartes, Atria, IGLOO, ATS, Xylotek.

Copyright © 2008 Gary Will