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Many of the major headlines that developed in 2010 continued to evolve throughout 2011, with RIM, M&A activity and wireless wars (and potential wireless sector consolidation) remaining at the forefront of Canadian ICT news over the past twelve months. The recovery of the Canadian ICT Industry is still in the works, and while many achievements and success stories emerged in 2011, the bulk of the year was plagued by headlines of doubt surrounding Canada’s top technology firm and the poaching of Canada’s leading technology companies by foreign entities. The following includes Branham’s Top 5 Canadian ICT News Stories that occurred in 2011.    

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Canada's ICT Industry made headlines throughout 2010. Whether it was the alleged impending doom of Canada's ICT leader, Industry's continued struggles due to challenging economic conditions, or the battle between Canada's Big Three and the new crop of wireless upstarts, it was an eventful year for Canada's ICT Industry and the companies that comprise it. While many Canadian ICT Industry stories emerged and developed over the course of the past twelve months, the following highlights Branham’s Top 5 Canadian ICT News Stories of 2010. 

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EXFO, a leading provider of next-generation test and service assurance solutions for wireless and wireless network operators and equipment manufacturers, announced today that it has sold its Life Sciences and Industrial division to The Riverside Company, a global equity firm, for US$24.3 million in cash. The division, which is based in Toronto, generated US$25.4 million in sales and US$4.3 million in earnings in fiscal 2010.  

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In an effort to close the book on the Mark Hurd saga, HP announced the appointment of Léo Apotheker as the company's eighth President and Chief Executive Officer yesterday. Apotheker will also join HP's Board of Directors.  

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Uniserve Communications quietly released its financial results for fiscal 2010 yesterday. The New Westminster, B.C.-based company's 2010 fiscal year ended all the way back on May 31, 2010. 

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Vecima Networks, a designer, manufacturer and marketer of products that enable broadband access to cable, wireless and telephony networks, announced its fourth quarter and full fiscal 2010 financial results this afternoon.  

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Research in Motion (RIM) has formally/finally entered the tablet market with the launch of the BlackBerry PlayBook. Mike Lazaridis, RIM's co-chief executive officer, made the announcement today at its annual developer conference in San Francisco, CA. 

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IBM announced today that it has entered into a definitive agreement to acquire BLADE Network Technologies for a reported purchase price of US$400 million.  

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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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