If Ottawa's new generation of startups stick to their knitting, the city could soon have the most stable and diversified technology sector it has ever known.
Kanata's SimFront and SimWave are 'punching way above their weight' in fast-growing field, Calian CEO Kevin Ford says.
Business: Customer experience, feedback and contactless communications as a SaaS offering. Born: Winnipeg
The Kanata firm, which provides services ranging from medical clinics to military training exercises, is on an acquisition tear of late.
Five-year deal continues business relationship between Kanata firm and military university that dates back to 1997.
Latest acquisition is largest M&A deal in Kanata company's 39-year history.
Kanata firm reported revenues of $116.2 million for the three-month period ending Dec. 31, 2020, up 17 per cent from a year earlier.
'The technology is there, the innovation is there, the customer success is there. Now it’s a matter of telling that story publicly.'
Kanata firm paid $13 million up front for InterTronic, which employs about a dozen people and specializes in ground satellite technology for customers in the aerospace and defence sectors.
Despite pandemic-fuelled economic uncertainty, Kanata-based firm managed to post yearly gains in three of its four main service lines.