Victoria Technology Funding & Exits News

Oracle has agreed to buy Taleo Corp. for $1.9 Billion to add talent management software to its cloud computing strategy. According to today's announcement holders of Taleo will get $46 a share - that’s 18 percent higher than Taleo’s closing share price yesterday. While any Billion dollar acquisition is big news,... [more]

Akamai Technologies announced today that it is acquiring Ottawa's Blaze Software for an undisclosed sum. The Cambridge, Mass.-based Akamai said the purchase will complement its technology to optimize the speed that web pages are rendered, regardless of the device. From Blaze's blog this morning: This is obviously big news for Blaze,... [more]

Applications are now being accepted for the Rick Hansen Institute Emerging Company Showcase, scheduled to take place at Interdependence 2012 Global Conference and Exhibition, May 15-18, 2012 in Vancouver. The Rick Hansen Institute is providing emerging companies, seeking financing for an innovation related to accelerating progress to a cure ... [more]

Today on Silicon Valley Watcher Tom Foremski writes about The Dirty Little Secret of Silicon Valley's Startup Boom. Thousands of startups are being launched with dreams of making a difference in the world. Yet Angels and VCs are selling them off to the big corporations in what are... [more]

Telus Health Solutions announced this morning that they have acquired Wolf Medical Systems. The acquisition will create a new line of business within Telus Health Solutions called Physician Solutions. Financial terms of the agreement were not disclosed. Wolf Medical Systems is Canada’s largest and fastest-growing cloud-based EMR provider.... [more]

Intertainment Media announced today that it has made an investment in self-service ad platform Shiny Ads. The strategic investment in Toronto's Shiny Ads provides Intertainment with an opportunity to more efficiently direct premium advertisers to their portfolio of online properties including itiBiti, Ortsbo, and Ad Taffy. The initial early... [more]

The 15th Canadian Finacing Forum takes place in Vancouver this week on February 2nd and 3rd at the Fairmont Pacific Rim. The Financing Forum facilitates relationship building between entrepreneurs and leading venture capital and corporate investors, paving the way for company financings that ultimately sustain economic... [more]

Siemens Canada has reached a friendly takeover deal with RuggedCom, an Ontario-based maker of smart grid technology. Siemens will pay $33 in cash per common share, making the deal worth roughly $382 million. Only weeks ago, RuggedCom resisted a hostile takeover bid by Belden. The American company tried to steal Rugged... [more]

Calgary's Tynt Multimedia has been acquired by New York's 33Across in an all-stock transaction and it sounds like a perfect fit. 33Across uses proprietary technology to build a unique Brand Graph for each of its 350+ Fortune 1000 customers.  Tynt sees 3 out of every 4 of the world’s unique Internet... [more]