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Ottawa’s slimming public profile

Updating OBJ’s annual list of the largest publicly traded companies headquartered in the National Capital Region doesn’t leave one brimming with optimism.

The combined market capitalization of the area’s top companies remains well off the mark of just a half-decade ago. And publishing each new edition of the list involves removing the familiar names of local companies.

Some, like Cognos Inc., were acquired by larger companies. Others, such as Enablence Technologies Inc., relocated their headquarters outside Ottawa, or, as in the case of Corel Corp. and Allen Vanguard, were purchased and taken private by U.S. equity firms.

This year’s list – which can be found in this week’s newspaper – should also mark the final appearance for Bridgewater Systems, which expects to complete its sale to Amdocs Ltd. in September. Meanwhile, Espial Group and March Networks are both exploring “strategic alternatives” that could lead to the companies being sold.

Continue reading at the Ottawa Business Journal

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