OTTAWA — It’s not just the demise of Nortel Networks that ails the region’s tech sector. Nearly half the city’s largest tech firms have either been swallowed up or have moved their headquarters in just the past two years.
This gem comes by way of the latest annual survey of the country’s tech industry by the Branham Group, the Ottawa-based consulting group.
The 2011 Branham survey, published Tuesday, also shows that four of the five Ottawa firms that made it into the top 40 — based on 2010 revenues — dropped in relative position compared to the year before.
The only exception was Telesat Canada, which did not feature in the previous Branham survey. The satellite services provider was first among Ottawa firms, with revenues last year of $821 million, up roughly four per cent from 2009. That was good enough for 13th spot among Canadian tech firms.
To read the full, original article click on this link: A thinning of the ranks in Ottawa’s tech sector
Author: John Elliott
