CrossKeys gets Matthew' loan

Article Abstract:

Terrence Matthews, chairman of CrossKeys Systems Corp. has put up his own money to keep the company afloat while looking for a potential buyer. The networking software company, headquartered in Kanata, Ontario, has received $8 million in financing from Mr. Matthews, one of Canada's most successful technology entrepreneurs.

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CrossKeys plans company-wide cutbacks

Article Abstract:

CrossKeys Systems Corp. is planning to downsize its labor force in addition to the previously-announced wholesale layoffs. The planned layoffs are part of the company's efforts to reduce costs throughout its structure.

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Canaccord looks to new financing deal with Corel

Article Abstract:

Canaccord Capital Corp. is planning to engage in negotiations with Corel Corp. about another possible cash-for-share financing agreement. Corel is said to be looking for sources of additional investment.

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