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Global Trade Corp Poised for Rapid Growth
Global Trade Corporation is a Toronto based application service provider and software development company. Its proprietary solutions target the multi-billion dollar global trade services industry. Corporations in the global trade market require secure access to multiple banks as well as risk mitigation and document management solutions. GTC's @GlobalTrade Platform enables exporters, importers, their banks and trade service providers to cost-effectively manage global trade finance.Founded by CEO Jacob Katsman, former Financial Director of Midland Metals and CTO Nick Pachnev, former Financial Manager of Lada Canada, GTC is becoming a significant force in the trade services market. With recent high-profile sales in Europe, GTC is rumoured to be considering a buyout offer from a European company. GTC is currently searching for first-round investment under $5 million USD.
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Posted by R. Ouellette on 02/02
Is Technology Important to Start-ups?
David Hornik writes about the importance of unique technologies to start-ups:And, as it turned out, nearly everyone was still interested - very much so - in technology as a crucial asset to start-ups. You can look at the data yourself - a summary report can be found here. But let me give you the bottom line: 91% of the respondents believed that unique technology is "usually" to "always" crucial to the success of start-ups.
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Posted by R. Ouellette on 02/02
RIM Wins in Europe
 A German court ruled that RIM's BlackBerry does not violate InPro's patent. However, time is running out for an agreement in the U.S. market.
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Posted by R. Ouellette on 02/01
Google’s Shares Drop
After Google posted its latest earnings miss share prices dropped 12% in after-hours trading. All is not doom and gloom though. Many analysts believe the company is poised for further growth based on its diversification through acquisition of new companies.
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Posted by R. Ouellette on 02/01
Dave Winer Reforms the VC Industry
Weblog and tech guru Dave Winer muses about how the VC industry might overcome the boom-bust cycle in the coming years. His five part prescription: 1. Disintermediate 2. Push investment decisions down to the buyers 3. Avoid bad ideas 4. Empower the developer 5. Start a user-driven investment company. Radical? Yes, but this might be the wave of the future.
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Posted by R. Ouellette on 02/01
SMS Wave of the Future
For anyone who has missed the SMS cellphone messaging revolution here is an informative case study from the Smart Mobs web site:A welcome alternative for High school students waiting to hear if they've been accepted at Creighton University in Nebraska; checking their cell phone instead of their mailbox.
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Posted by R. Ouellette on 01/31
Networking Makes Things Happen
Red Herring has a story on the importance of networking - social or otherwise - on the effectiveness of Silicon Valley. Michael Porter's cluster effect is in full flight in California - the Bay area alone is the world's tenth largest economy.While Canada, and specifically Toronto, cannot hope to come close to California's cluster effectiveness we can make our cluster-building activities more effective. gagglescape is one small step in that direction. Get involved in the gagglescape information network.
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Posted by R. Ouellette on 01/31
VC Returns Up
Short-term VC returns are up in the fourth quarter of '05 as the IPO market surges forward. In the one year from October '04 to '05 venture firms beat out both the Nasdaq and the S&P 500. Also, the San Francisco Bay Area including Sand Hill Road attracted $2.03 billion in VC funding during the third quarter of 2005, according to VentureOne.
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Posted by R. Ouellette on 01/31
South Australia Pumps-Up Biotech Funds
The Australian government has injected $35 million into a joint-venture program for the South Australia biotech industry. the ten year program will invest $100,000 to $1.5 million in private early-stage South Australian companies or companies with a significant local presence.
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Posted by R. Ouellette on 01/30
Skype Breaks the Business Barrier
It had to happen: Free VoIP for businesses. FInd out why a California company is offering a new family of free or almost free services to the business market. The project's backers include some big names from the VC market including Craig McCaw, John Scully, Jeff Pulver, and Michael Price,
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Posted by R. Ouellette on 01/30
Fibre to the Home
 The next big barrier to convergence is about to be scaled. According to telecommunications pioneer Paul Green Jr., fibre to the home is just around the corner. "Green points out how completing the "last mile" between today's fiber network backbone and customer premises will not only unleash new usage modes for consumer computers, TVs, phones, and other terminal types, but will also empower both the computer and telecommunication industries toward new levels of investment and profitability."
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Posted by R. Ouellette on 01/30
IPOs Are Back
 Wall street is planning fifteen IPOs this week as the once catatonic IPO market strides towards hyperactivity again. The range of businesses in this week's list ranges from the Morton's restaurant chain to a biopharmaceutical company.
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Posted by R. Ouellette on 01/30
The New Boom
Wired News writes: "Silicon Valley is roaring back to life, as startups mint millionaires and Web dreams take flight. But, no, this is not another bubble."
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Posted by R. Ouellette on 01/27
Western Technology Investments Puts $ Into Fusepoint
 Fusepoint Managed Services received a US $9 Million investment from Western Technology Investments. Fusepoint offers outsourced IT and infrastructure services to Canadian companies in Toronto, Vancouver, Calgary, Montreal and Quebec City. Fusepoint closed out the year with growth figures of near 100% and 115 new customers.
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Posted by R. Ouellette on 01/26
AOL About to Make Move on MySpace
The hugely popular MySpace social networking site now owned by media baron Rupert Murdoch is the target of AOL's upcoming service, AIMSpace. Last month MySpace had more than 32 million unique visitors. This is a market tailor-made for the Canadian investment industry and many pundits, myself included, have long promoted the importance of community building on the Internet. Flickr is one Canadian company that got it right although they may have left too much on the table when they sold the company to Yahoo last year.Read Newsweek's story on the social networking scene here.
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Posted by R. Ouellette on 01/25
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Local News
GigPark announced yesterday, August 24th, that they had been purchased by the Yellow Pages. Hey Noah, congratulations to you and the team there.
The Ontario government is doing something truly unique and laudable says John Albright of JLA Ventures. Last week Ontario's Ministry of Research and Innovation announced a new $205-million fund to help stimulate the province's early-stage ventures. According to a University of Laval Professor, Canada's Labour Sponsor Funds kill innovation rather than create it. Read the press release here. MediaScrape lands new venture round of $3.2 million. Chris Dingle has been appointed President and Chief Technology Officer. Mr. Dingle was the founding CTO of 24/7 Real Media which sold recently to WPP for $637 million. University Technologies International (UTI) - IGNITE - announces the closing of two first-round financings for two IGNITE companies, Profero Energy Inc. and Circle Cardiovascular Imaging Inc. Kleer Inc. based in California but with a plant in Ottawa landed a $28 million round for its wireless audio product development. The Ottawa Citizen ran this story a few days ago. We've been saying this for years now. When will the public sector make it easier for investment in the province's tech sector? Rick Nathan of the Canadian Venture Capital Association has an optimistic view of the current credit crunch. MSBi Capital announces the addition of two new partners François Gauvin and John Elton. Celtic House Venture Partners of K-W invested in Dublin-based RedMere last week.
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