RIM No Longer Canada's Most Valuable Tech Company

Yesterday, CGI Group acquired Logica for $2.6 billion. The massive move, combined with RIM's continually declining stock price, means that CGI has has officially surpassed RIM to become Canada's most valuable technology company—a title the Waterloo-based BlackBerry maker had held onto easily for several years.

CGI was worth only $3 billion in 2008, back when RIM traded for $140. But since then, RIM has lost more than 90% of its value, while CGI has doubled its value in the same time.

CGI is now worth $6.2 billion, while RIM is worth just $5.6 billion.

blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

Who's Hiring

Recent Comments

Powered by Disqus