Canada Stories - Page 41

Global Stories

Guavapay marks 71% revenue growth in financial year 2024

London-based Guavapay has reported a remarkable 71% growth in annual revenue for 2024, driven by a larger customer base and staff expansion.

By Shannon Williams • 3 min read • Tue, 21st Jan 2025

Malware

Cybersecurity predictions 2025: Hype vs. reality

As cybersecurity predictions flood in for 2025, analysts warn against sensationalist claims, emphasising the dangers of AI in attacks like Business Email Compromise.

By Martin Zugec • 11 min read • Fri, 17th Jan 2025

Artificial Intelligence

SenSen reports third cash-positive quarter with growth plans

SenSen Networks has reported AUD $1.3 million in operating cash flow for Q2, marking its third successive positive cash period despite a slight decline from last year's figures.

By Sean Mitchell • 2 min read • Wed, 15th Jan 2025

EduTech

Snowflake invests USD $20 million in data cloud training

Snowflake has announced a USD $20 million investment in a global initiative to train one million individuals in its AI Data Cloud by 2029.

By Melania Watson • 3 min read • Tue, 14th Jan 2025

Human Capital Management

Employment Hero acquires Humi for over CAD $100 million

Employment Hero has acquired Canadian platform Humi for over CAD $100 million, aiming to expand into Canada's SME market with tailored employment solutions.

By Sean Mitchell • 2 min read • Thu, 9th Jan 2025

Unified Communications

Wireless Broadband reveals Wi-Fi industry trends for 2025

The Wireless Broadband Alliance forecasts significant Wi-Fi advancements by 2025, highlighting AI's role and the rise of Wi-Fi 7 for enhanced connectivity.

By Shannon Williams • 3 min read • Tue, 7th Jan 2025

Financial Systems

Global wage inflation for IT TSPs set to improve in 2025

Service Leadership's latest report forecasts significant improvements in wage inflation for IT solution providers in 2025, following a stagnant 2023.

By Catherine Knowles • 3 min read • Thu, 26th Dec 2024

Cybersecurity

NXLog appoints Harald Reisinger as CEO in leadership shift

NXLog has appointed Harald Reisinger as CEO, succeeding co-founder Botond Botyanszki, who becomes Chief Technology Officer to drive innovation.

By Imee Dequito • 3 min read • Fri, 20th Dec 2024

EduTech

CSIS report reveals surge in sophisticated cyber threats

CSIS Security Group's latest Threat Matrix report highlights a surge in cyberattacks, revealing over one billion compromised credentials on the dark web each month.

By Shannon Williams • 3 min read • Thu, 19th Dec 2024

Ransomware

Manufacturing sector hit hardest by ransomware in 2024

New research reveals the manufacturing sector was hit hardest by cyber attacks in Q3 2024, with 394 ransomware incidents accounting for 71% of all cases.

By Melania Watson • 3 min read • Wed, 18th Dec 2024

Artificial Intelligence

Apple launches new iOS & macOS updates with AI features

Apple has launched iOS 18.2 and macOS Sequoia 15.2 updates in Australia and New Zealand, introducing new features powered by Apple Intelligence.

By Sean Mitchell • 3 min read • Thu, 12th Dec 2024

Data Analytics

Amazon launches OpenSearch integration with Security Lake

Amazon has launched its OpenSearch Service zero-ETL integration with Security Lake, enabling organisations to enhance security data analytics and insights.

By Imee Dequito • 3 min read • Mon, 9th Dec 2024

Integration

IRIS Software Group announces acquisition of Dext Software

IRIS Software Group has announced its acquisition of Dext Software to enhance bookkeeping automation and streamline accounting workflows.

By Kaleah Salmon • 3 min read • Fri, 6th Dec 2024

Hyperscale

CDW acquires Mission Cloud to enhance AWS services expertise

CDW has announced its acquisition of Mission Cloud Services to enhance its cloud and AI offerings, strengthening its market position and expertise.

By Kaleah Salmon • 2 min read • Thu, 5th Dec 2024

Stories from Other Regions

Investment

Canada invests CAD $7.3m to boost Quebec business growth

Canada's government has announced an investment of over CAD $7.3 million towards eight projects aimed at boosting local businesses in Quebec's Outaouais and Laurentides regions.

By Imee Dequito • 2 min read • Tue, 21st Jan 2025

Everyday People Financial settles debt with share issue

Everyday People Financial plans to issue 2,439,024 common shares to EAM Enterprises, settling USD $2 million of debt in a strategy to enhance liquidity.

By Imee Dequito • 2 min read • Tue, 21st Jan 2025

Supply Chain

Canada invests CAD $11 million in clean fuel projects

Marcus Powlowski has unveiled over CAD $11 million in funding for Canadian projects focused on advancing clean and alternative fuel technologies.

By Imee Dequito • 3 min read • Tue, 21st Jan 2025

Hybrid Cloud

Canadian firms to boost AI investments significantly by 2025

A recent IBM study reveals that 56% of Canadian IT leaders intend to boost AI investments in 2025, focusing on innovation and productivity amidst gradual ROI.

By Sean Mitchell • 3 min read • Tue, 21st Jan 2025

Digital Transformation

Canada invests CAD $988,100 in USask's Opus incubator

The Canadian Government has pledged nearly CAD $1 million to the Opus startup incubator at the University of Saskatchewan, boosting local tech entrepreneurship.