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KPMG announced this morning that it has acquired IT/NET Group, an IT management consulting services and public sector transformation firm based on Ottawa. Financial details of the deal were not disclosed.  

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Axia NetMedia, a provider of real broadband Internet protocol services and solutions, reported its fiscal 2010 financial results last week. Although fourth quarter sales were up 5.8 per cent to $18.3 million, annual revenues declined 1.9 per cent from $69.8 million in 2009 to $68.5 million in 2010. Bottom line earning figures were also down year-over-year, falling 42.8 per cent from slightly less than $6.0 million in 2009 to a little more than $3.4 million in 2010.  

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It was announced late last week that Ericsson has emerged as the winning bidder for Nortel's Multi Service Switch (MSS) business, paying a purchase price of US$65 million. Nortel noted in their release that substantially all of the business unit's employees will have the opportunity to continue their employment with Ericsson. 

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Sierra Wireless announced this afternoon that it is establishing three new business units - M2M Embedded Solutions, Mobile Computing, and Solutions & Services - to sharpen the company's focus on key markets and accelerate profit growth. Here is what Jason Cohenour, Sierra Wirless' president and CEO had to say about the company's announcement: 

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Vancouver-based Peer 1 Hosting, a leading provider of online IT infrastructure, announced its fiscal 2010 financial results this afternoon. Here are some high-level details: 

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After IBM's chief executive weighed in with some very candid thoughts on HP's M&A and innovation investment strategies last week, Big Blue has agreed to acquire Netezza, a leader in data warehousing, analytic and monitoring appliances, for US$27 per share in cash, making the deal worth approximately US$1.7 billion. 

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Canada's largest technology company, Research In Motion, reported its second quarter financial results for its 2011 fiscal year yesterday afternoon. 

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Research In Motion is set to release its second quarter financial results for its 2011 fiscal year after markets close this afternoon. Most people that track the Canadian ICT industry have had this date circled on their calendar since RIM announced the release date back in early-September. 

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When Rogers introduced its discount brand Chatr in late July, many thought it would only be a matter of time before the new wireless players would be chased out of the oligopolistic wireless market. However, according to one wireless start-up, the alleged anti-competitive actions actually helped grow its business. 

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The notoriously quiet and conservative chief executive of IBM, Samuel Palmisano, stepped into the limelight for a few moments Tuesday and provided some interesting thoughts at the Wall Street Journal Viewpoints Executive Breakfast. He offered some very candid opinions on such topics as HP's dismissal of Mark Hurd, the company's acquisition strategy and its lack of focus on R&D investment. 

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