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IGLOO Raises $5 Million In Series B Funding

Kitchener-based IGLOO Software just announced they have secured $5 million in Series B financing led by RBC Venture Partners, and with the Ontario Emerging Technologies Fund (OETF) also participating.  Back in 2010, IGLOO switched their business model to a freemium one and the company has grown to over 4,000 global collaboration sites and receiving 80 percent increase in license revenue with 60% of revenue influenced by partners.



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Katz Appointed New Chair Of CRTC, For Now

As Konrad von Finckenstein leaves the post as Chair of the Canadian Radio-television and Telecommunications Commission (CRTC), they have announced the appointment of Leonard Katz is appointed Interim Chair, until the Government of Canada appoints a new Chairperson. Previously, Leonard was the CRTC‘s Vice-Chairman of Telecommunications since October 2007. He previously served as the Executive Director of Broadcasting and Telecommunications. Before joining the CRTC, he spent 30 years in the private sector, serving as President and Chief Operating Officer of Digimerge Technologies and President of Rogers Business Solutions, among other senior roles.



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Evolve Media Launches In Canada

As they continue to expand their offering and be a true integrated digital media company,  Evolve Media announced this week the Canadian launch of their digital service. Evolve is comprised of three vertically focused media services divisions including Gorilla Nation (entertainment, news and business, auto, gaming and video), totallyher (women’s lifestyle), and CraveOnline (male lifestyle). By having a specific vertical focus, Evolve is looking to help connect advertisers and publishers in a more meaningful way, and they currently have a reach of over 10 million unique Canadian visitors a month.

“Evolve Media Corp. believes that in today’s crowded market place, brands achieve more by working with experts,” says Walder Amaya, SVP of Canadian and International Operations for Evolve Media Corp. “When we were presented with the opportunity to work with these rapidly growing and fantastic communities we knew that in order to be experts across a varied set of audiences and demographics, we would need to not only build dedicated sales teams for each vertical, but entirely specialized divisions which we have accomplished through totallyher, CraveOnline and Gorilla Nation. Through this, we are able to offer relevant content, context and creative with scale to Canadian advertisers.”

Gorilla Nation, is comprised leading content sides such as NFL.com, Gizmodo, The Guardian, and Reuters.  Totallyher, a women’s focused media services business unit, while CraveOnline is their male  lifestyle vertical.



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Survey Says… 35% Of Canadians Bank Online Every Week

TNS Canada just released their annual “How Canadians Bank” study which surveyed  2,009 Canadians aged 18 and over were surveyed between October 5th and November 14th, 2011, and their banking habits.  Based on the survey data, Canadians are now more likely to conduct day-to-day banking transactions online than at a branch.

  • Half of Canadian adults (52%) conducted transactions with staff at a branch of a financial institution in the month prior to taking the survey
  • 50% had banked online in the same period
  • 35% of Canadians bank online at least once a week, compared to only 15% of Canadians who visit a branch on a weekly basis.

“Online banking continues to steadily grow in popularity. Canadians appreciate the convenience of 24/7 access to their accounts and the speed with which online transactions are conducted,” says Rhonda Grunier, Vice President of Financial Sector Research at TNS Canada. “But this doesn’t mean that branch banking is on its way out. The proportion of Canadians who visited a branch in the past month has been stable since 2005. The banks recognize the value of having personal contact with customers at the branch, and many have stepped up efforts to attract customers to the branch, for example, by having branches open on the weekend and improving amenities, such as adding customer lounges.”

The survey also found that mobile banking is taking off, with one out of four Smartphone owners using a mobile banking service. “This is quite an impressive number, considering that mobile banking apps have only been fully rolled out by the banks for about a year now”, says Rhonda Grunier.



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@ adweekcdn Yahoo Provoke launches Ad Week Speaker Series

This is a guest post by Fiona O’Brien as part of our coverage for Advertising Week 2012.  Fiona is a senior marketer with over 9 years of CPG marketing experience, Fiona has worked on some of Canada’s top brands.  Leading the development and implementation of winning strategic marketing plans on such brands as Dove, Degree, Cashmere, Purex, Olivieri  and Renee’s Gourmet. Fiona’s experience in the launch and development of innovative products, consumer programs and social media has assisted the advancement of these brands in their categories. Connect with Fiona on LinkedIn or on Twitter.

Designed to be the creative catalyst to start the week, Yahoo Provoke brought together a panel with a diverse background to discuss the future of digital advertising.  The unique discussion partnered a keynote presentation from Dr Eric Haseltine, a neuroscientist and consultant with presentations and panel discussions with Mavis Huntley, an agency digital director, Nathan Martin, an artist and developer and James Milward, a digital entertainment producer.

The focus of the afternoon’s entire discussion was to centre around how technology can help us meaningfully connect drawing on basic human needs, but it was Dr. Haseltine that delivered the most compelling insights.  Dr. Haseltine’s presentation highlighted his ongoing message of understanding that long term growth and big opportunities for your business will be found in the collision between those things that are guaranteed to change and those constants of human nature.  Understanding that the explosion of future opportunities will live in the intersection between unchanging human needs and fast paced media technology.  Dr. Haseltine laid out his advice for the future of communication in this constantly changing world, with his idea of a “One Stop Shop” that will embrace a seamlessly integrated ecology and a strong relationship to the consumer.

Following Dr. Haseltine’s presentation the diverse panel was introduced to provide each of their takes on how digital connections need to draw on human needs to make a meaningful connection with consumers. The panel presentations offered interesting and exciting case studies that highlighted the pure benefits of connections with technology and the story.  While these examples demonstrated the great work these panellists have achieved it did little to ignite the discussion that followed.



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Earnings: Yahoo Revenue Falls In Q4

Yahoo reported their forth quarter results this week with net revenue and profit falling slightly this quarter as it experienced year-over-year declines in both its search and display ad business.  Yahoo’s Chief Financial Officer Tim Morse said that macroeconomic factors, particularly in Europe, resulted in weaker than expected display advertising revenue in the fourth quarter and continued to be a concern. As the Internet giant tries to turn it self around, 2012 has been a challenging year, but one that might have some light at the end of the tunnel as a new CEO was appointed two weeks ago.  Co-Founder Jerry Yang also abruptly resigned from the company he created in 1995.

The company earned $296 million in net income in the three months ended December 31, or 24 cents a share, compared with $312 million, or 24 cents a share, in the year-ago period.

The fourth quarter also saw Yahoo’s net revenue, which excludes fees that Yahoo shares with Web partners, of roughly $1.17 billion, compared with $1.205 billion the same time last year.

Display ad revenue, Yahoo’s main source of revenue, totaled $612 million for the quarter. Search ad revenue for the quarter came in at $465 million, $48 million of which stemmed from its partnership with Microsoft.



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Burger King Declares January 27th “Free Fries Friday”

Burger King launched their latest campaign in celebration of ”Free Fries Friday,” which they have also declared to January 27.  As part of the campaign TAXI2 created a :15 second TV spot (BK_FREE_FRIES_15E_Jan2012) and guests are invited to visit their local Burger King restaurant to try out a complimentary small size order of new fries, with no purchase necessary, while supplies last.

“We already have one of the most iconic burgers in the business, so our hope is to earn the same acclaim for our fries,” said Lucy Todish, Director of Marketing for Burger King Restaurants of Canada, Inc. “Take advantage of ‘Free Fries Friday’ by stopping into your local BURGER KING restaurant to taste the difference first-hand.”

The new fries are available now at all BURGER KING restaurants across the U.S. and Canada.



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CASSIES 2012 – And The Winners Are…

The CASSIES took place last night at the Ritz-Carlton Hotel Toronto, as the advertising industry gather to celebrate top advertisers and agencies, and the work they have created.  In total, 43 CASSIES were awarded including twelve Golds, thirteen Silvers and eighteen Bronzes spanning 12 categories: Events, Seasonal and Short-Term; Off to a Good Start; Packaged Goods—Beverage; Packaged Goods—Food/Other; Services—General; Services—Financial; Automotive and DIY; Best Use of Media; Best Launch; Best Insight; Best Integrated Program and Sustained Success.

“I have always been conflicted over award shows,” said David Gibb, executive vice-president, managing director, JWT and 2012 Chair, CASSIES Judging. “They can distract us from the real reasons why we do the work that we do. All of our efforts as advertisers and marketers are expected to deliver concrete business results. The CASSIES continues to demand strong evidence of those results. That is why I have always loved the CASSIES.”

CASSIES 2012 Top honours

Newfoundland and Labrador Tourism’s “Find Yourself” campaign, developed by Target Marketing & Communications, took the Grand Prix and was awarded Gold in Sustained Success.

Golds were also awarded to Sponge Towels (English) in Packaged Goods – Food/Other and Sustained Success, for client Kruger Products L.P. and john st.; Cadbury Caramilk in Events, Seasonal and Short Term, for client Kraft Canada and agency The Hive; Smarties Blue Cat in Events, Seasonal and Short Term, for client Nestlé Canada Inc. and JWT; OLG Poker Lotto in Off to a Good Start, for client OLG and Due North Communications; McCain – It’s All Good in Packaged Goods – Food/Other and Best Launch, for client McCain Foods and Taxi Toronto; MY 2010 Subaru Outback in Automotive and DIY and Best Launch, for client Subaru Canada and DDB Canada; James Ready “Help Us, Help You” in Best Use of Media, for client James Ready Brewery Company and Leo Burnett; and MY 2009 Subaru Forester in Sustained Success, for client Subaru Canada and DDB Canada.

Silver performances

Taking silver were Tetley Herbal Teas in Events, Seasonal and Short Term, for client Tetley Canada and john st.; Boston Pizza – Flatties and Drummies in Events, Seasonal and Short Term, for client Boston Pizza International and Taxi Toronto; TASSIMO in Off to a Good Start and

Best Integrated Program, for client Kraft Canada and Ogilvy; Tetley Infusions in Off to a GoodStart, for client Tetley Canada and john st.; Familiprix in Off to a Good Start, for client Familiprix and lg2; Molson Canadian 67 in Packaged Goods – Beverage, for client Molson Coors Canada and CP+B; Reactine – Not Just Allergies in Packaged Goods – Food/Other, for client Johnson & Johnson Inc. and JWT; Cashmere Bathroom Tissue in Packaged Goods – Food/Other and Sustained Success, for client Kruger Products L.P. and john st.; STM – Montreal Transit in Services General, for client STM and Sid Lee; Sponge Towels (Quebec) in Sustained Success, for client Kruger Products L.P. and Saint-Jacques Vallée Y&R; and James Ready “Help Us, Help You” in Sustained Success, for client James Ready Brewery Company and Leo Burnett.

Bronze achievements

CASSIES bronze winners included Let’s Talk Mucous (Buckley’s) in Events, Seasonal and Short Term, for client Novartis Consumer Health Canada Inc. and Saatchi & Saatchi; Quaker Oatmeal in Events, Seasonal and Short Term, for client PepsiCo Foods and Juniper Park; Telus Go Pink! in Events, Seasonal and Short Term, for client Telus and Taxi Toronto; Yellow Pages B2B in Events Seasonal and Short Term, for client Yellow Pages Group and Taxi 2; Pepsi Max Quebec in Off to a Good Start, for client PepsiCo Beverages Canada and NolinBBDO; Kit Kat Chunky in Off to a Good Start and Best Insight, for client Nestlé Canada Inc. and JWT; MY 2011 Subaru – WRX in Off to a Good Start and Best Integrated Program, for client Subaru Canada and DDB Canada; MY 2011 Subaru Forester in Off to a Good Start and Best Integrated Program, for client Subaru Canada and DDB Canada; Boston Pizza Finger Cooking in Off to a Good Start, for client Boston Pizza International and Taxi Toronto; Vector – Get Out What You Put In entered in Off to a Good Start, for client Kellogg Canada and Leo Burnett; Sapporo – Legendary Biru in Packaged Goods – Beverage and Best Integrated Program, for client Sleeman/Sapporo Canada Ltd. and Dentsu Canada; Keep Exploring (Canadian Tourism) in Services – General and Best Insight, for client Canadian Tourism Commission and DDB Canada; and Libro Financial Group in Services – Financial, for client Libro Financial Group and Tenzing Communications.

This year’s judging was chaired by David Gibb, executive vice president, managing director at JWT, who oversaw a panel of judges who represent clients, agencies, media, academic, interactive, international and research disciplines.

The twelve judges were Kelly Murumets, president and CEO, ParticipACTION; Glenn Hollis, vice president, Tim Hortons; Carl Pichette, marketing director, Boston Pizza; Valérie Sapin, vice president, marketing, Gaz Métro; Florence Girod, vice president, strategic planner, Le Monde de Cossette; Marc Gagnier, vice president, brand strategy and integration, Palm + Havas; Karen Howe, senior vice president, creative director, Due North Communications; Bruce Neve, CEO, Starcom MediaVest Group; Sonny Wong, president and creative director, Hamakazi Wong Marketing Group; Harold Simpkins, senior lecturer, academic director, Marketing Co-Op Program, John Molson School of Business, Concordia; Ted Boyd, CEO and partner, 58Ninety; and Michael Allen, managing partner, 180 Los Angeles (180LA).



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4 Benefits To A Press Release [INFOGRAPHIC]

Although we just started the year year, Canada’s startup ecosystem has been off to a great start! We have seen new funding rounds, a lot of hope for increased M&A activity, and new leadership taking the helm.  News distribution service mononews shared an interesting infographic wiht us this morning which goes over a few key reason why companies should be creating and issuing a press release.

mononews-infographic_r3_650px

As a news source for Canada’s connected community, we here at Profectio certainly read many press releases from companies looking to share a key message about their companies, so there is a lot of value in them.



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Stock Market Responds On Announcement Of RIM’s New CEO

Today officially marks a new day for Research In Motion, as the world woke up to a new CEO in Thorsten Heins. While some people are exciting for the new opportunity that he will bring, the stock market is certainly not jumping for joy as the stock took a slight dive by about 6% and is now trading around $15.90, compared to the $18.17 it closed at on Friday.



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Polar Mobile Raises $6 Million In Funding, Announces MediaEverywhere Product Line

Toronto-based Polar Mobile announced this morning they have secured $6 million funding round led by Georgian Partners.  To-date they have secured over  $3 million from private investors, and the new financing will help with the launch of their MediaEverywhere.  MediaEverywhere is HTML5-based solution to distribute media content in a multi-device environment, including smartphones, tablets and desktops. It will include support for both app-centric and browser-based media consumption and enable Polar’s media customers to create, design and manage custom user experiences in-house. MediaEverywhere will decrease customers’ development time and increase their opportunity to monetize their content.  Of course Polar was able to help publishers deliver content to mobile and tablet devices in the past, but the desktop marks new territory for the mobile developer.    As of launch time they have secured a number of media companies including CBS Interactive, Condé Nast, Sports Illustrated, The Globe and Mail, Shanghai Daily, Future Publishing, Rogers Media, Khaleej Times and the Wall Street Journal.

“Polar transformed how media companies deliver content to smartphones and tablets by providing a turnkey, cloud-based software platform for the rapid deployment of feature-rich native applications”, said Kunal Gupta, Chief Executive Officer, Polar Mobile. “We are thrilled to have the backing of Georgian and now it is helping to accelerate the launch of our next-generation software platform, MediaEverywhere.”

With a number of publishers now starting to bring in their own mobile app development in-house it looks like Polar Mobile has figured out how to bring some needed value back to publishers, for now.



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Jerry Yang Is Out, And Firings “Across The Board,” More Bad News From Yahoo

I just took a look at this week’s Canadian Advertising Week and noticed that Yahoo! Canada will be hosting one of the event with their “Yahoo! PROVOKE Summit,”  not sure exactly what the session is about as the description is a bit cryptic.  Either way it will be interesting to see the ton in the room of the Yahoo team and what attendees have to say about Yahoo, after all it is a new day for Yahoo.  Jerry Yang also stepped down from all dealings with Yahoo! last week, the very company he Co-Founded back in 1995 with David Filo.  News also spread that there will be “firings across the board,” which will no doubt also result in some restructuring here in Canada.

One question on my mind, is still what will happen to Yahoo! Canada, will we finally get a local Country Manager, or will Scott Thompson continue to treat Canada as that “ugly step sister.”



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