It’s the deal that tantalized the Ottawa Senators from the beginning. Edmonton Oilers’ owner and multibillionaire Daryl Katz managed to secure a $484-million arena, in operation since 2016, by contributing less than $20 million cash upfr

Every good mediator understands there are times when warring parties simply aren’t ready to deal. So it was in 2012 and 2013 when former Ontario chief justice Warren Winkler spent nearly a year off and on meeting with Nortel’s main credi

Devcore Canderel DLS finally received the call it was waiting for about LeBreton Flats. While the partners of RendezVous LeBreton Group try to mend their fractured relationship through mediation, DCDLS, which was the runner-up in the LeBreton Flats

Business is booming for an Ottawa area entrepreneur who founded a company after he lost his ability to speak. Garry Brownrigg, founder of Ottawa startup QuickSilk, was forced to face a new reality after waking up one morning in 1984 to find that his

Mike Potter, co-founder and CEO of  Ottawa-based scaleup Rewind, speaking at Bayview Yards  Quote from the CEO: “The hardest part of starting Rewind were the nights and weekends that we spent in the first few years, while James [Ciesielski, co

On Jan. 13, 2009, nearly a dozen board members of Nortel Networks gathered in a small office building near Toronto’s international airport. They had already deliberated for days about the wisdom of taking their next, history-altering step. The

Whether you have a project in mind, are looking for inspiration or just simply something to do over the weekend, show manager Robert Johnstone contends, that the upcoming Ottawa Home and Remodelling Show  (January 17-20) is an event that’s “interact

With the epic Phoenix Pay disaster now approaching the third anniversary of its launch, it’s sometimes easy to forget just how abnormal it is to constantly deal with messed up pay. “To be paid properly is part of a fundamental contract, whether it’s

Ottawa’s housing market ended 2018 the same way it began — with sharply fewer listings than the year before. The relative shortage was not only hugely frustrating for buyers forced to endure bidding wars, it was also a catalyst for higher pric

In yet another dramatic twist in the LeBreton Flats legal saga, the main combatants have all agreed to mediation to see if their disputes can be settled before Jan. 19, the date the National Capital Commission threatened to end its relationship with

On this, the eve of the 10th anniversary of Nortel Networks’ final descent into bankruptcy protection, we can quietly despair about what might have been — or, in the spirit of the season, we can take a little comfort from the good that emerged

This year was one of disasters, tragedy, boondoggles and love. From wild politics to wild winds to a Senators team that couldn’t stay out of the news, 2018 was filled with twists and the unexpected. It was also a year in which the whole city paused

The co-CEO of cannabis company Canopy Growth Corp. in Smiths Falls says he’s looking forward to pouring guests a Tweed and tonic. Bruce Linton was in an ebullient mood on Thursday after Health Canada announced proposed rules that would allow C

This Christmas, as presents are unwrapped everywhere, Ottawa’s Robert Wang will take another giant leap toward a corporate goal that once seemed preposterous: to put an Instant Pot in every kitchen. Wang, a former Nortel team leader, is the in

Before the National Capital Commission even contemplates re-launching the LeBreton process, it needs to understand the forces that shaped this debacle, and learn from its errors. It should start with a sharper appreciation of the risks. When the NCC

Ford Motor Co. will move into a 40,000-square-foot facility at 800 Palladium Dr. as early as 2020, according to the building’s developer. The company has been tapping into the national capital’s talent when it comes to self-driving autom

How did these guys think they could ever do business together? As Trinity Development founder John Ruddy made clear Tuesday in his $1-billion counterclaim against Ottawa Senators owner Eugene Melnyk, the differences between these businessmen were no

John Ruddy and Trinity Development are seeking more than $1 billion in damages from Ottawa Senators owners Eugene Melnyk and Capital Sports Management Inc., a subsidiary of the NHL hockey team. The Tuesday legal filing, which includes a statement of

How did 900 Albert St. — a three-acre triangle on the western fringes of downtown Ottawa — emerge as such a potentially destructive force for LeBreton Flats? The address is the site of a former train yard and snow dump and until very recently was cr

IO Accelerator stories: CybernetIQ

Posted 40 days ago by OttWatch in category Invest Ottawa with 0 Comments 

  CybernetIQ is a software development company focused on building the next generation of cyber defense products.  Their flagship product, the Control Layer Assessment Works (CLAW) platform changes the way cyber security analysts detect and def

As tensions heat up between Beijing and Ottawa, a small but critical business unit that employs about 300 people here in the capital hangs in the balance. Huawei has had a significant presence in Ottawa’s technology cluster since 2008. Its off

At first glance, Ottawa’s resale market for condominiums looked to be on fire in November. The average price for condos sold across the city jumped 11.1 per cent year-over-year to $285,800 on average, according to data compiled by the Ottawa R

There’s a warm mulled-wine kind of feeling you get whenever you see a friend or family member’s eyes light up after opening a gift you’ve given, and it’s clear you chose the perfect sweater/book/bottle/widget. But what if you could also make ANOTHER

LeBreton: the options on the table

Posted 50 days ago by OttWatch in category Ottawa Citizen with 0 Comments 

The National Capital Commission has one more chance to get the LeBreton Flats project right following the eruption of a legal war between Ottawa Senators owner Eugene Melnyk and Trinity Development founder John Ruddy. The businessmen are partners in

It’s the big question at the heart of the $700-million lawsuit launched Nov. 23 by Ottawa Senators owner Eugene Melnyk. Why would Trinity Development founder John Ruddy — the target of that suit and one of the city’s most experienced rea