Sector Update: Info Tech; CounterPath Signs Distribution Agreement, CGI Wins National Award for IT System Integration for California
Information technology stocks were generally higher in afternoon trading, with the S&P/TSX Info Tech index up 0.6%.
BlackBerry (BB.TO): +3.0%
CounterPath (CCV.TO): +25.0%
CGI (GIB-A.TO): +0.7%
Sierra Wireless (SW.TO): +4.0%
Macdonald Dettwiler & Associates (MDA.TO): -0.02%
In corporate news, CounterPath Wednesday said it has signed up a major supplier of networking equipment and solutions to market and sell its OTT communications solutions to operators worldwide. The signed agreement covers all of CounterPath's products and services that comprise Operator and Enterprise OTT solutions enabling voice, video, presence and messaging over the most popular operating systems and devices across any IP network.
Meanwhile, CGI received the Center for Digital Government "Best Fit Integrator" Performance and Modernization Award for its work on the California Franchise Tax Board (FTB) Enterprise Data to Revenue ( EDR ) program. The awards program is driven by nominations from public sector agencies and recognizes vendors that successfully tailor solutions to fit the unique needs of government.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.