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The IBM Toronto Software Lab is the largest software development laboratory in Canada and IBM's third largest software lab. Established in 1967 with 55 employees, [1] the Toronto Lab, now located in Markham has grown to employ 2,500 people. These employees develop some of IBM's middleware. [2]
Former IBM Canada Head Office Building at 3600 Steeles East. IBM Canada's head offices are currently located in Markham, Ontario and have been there since the early 1980s. The current building IBM occupies is located at 8200 Warden Avenue and shared with existing tenant IBM Toronto Software Lab in 2001.
The six-storey "stump" in 2005, which stood as a symbol of the 1990s recession until its demolition in 2006. [7] The first tower development on the site was a joint project by Markborough Properties and TrizecHahn: a 57-storey office tower to be constructed at the corner of Bay and Adelaide Streets. It was to have cost almost a billion dollars ...
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
Also in 1969, IBM engineer Forrest Parry invented the magnetic stripe card that would become ubiquitous for credit/debit/ATM cards, driver's licenses, rapid transit cards and a multitude of other identity and access control applications. IBM pioneered the manufacture of these cards, and for most of the 1970s, the data processing systems and ...
The Youth Employment Services (YES) was established in the late 1960s in Toronto. The founding of the organization is associated with employment in Canada. [2] In 1998, YES opened Canada's first Youth Business Centre to provide young entrepreneurs with individual business skills training and help them secure start-up loans. [3]
Celestica was incorporated in 1994 as a subsidiary of IBM. [3] In 1996, it was sold off to Onex Corporation. In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash. [4] Losses mounted and on 29 January 2004 the company announced that company CEO Eugene Polistuk would be retiring.
2 Bloor East [1] [2] is an office and retail complex in Toronto, Ontario, Canada, formerly known as the Hudson's Bay Centre. It is located in Downtown Toronto at the intersection of Yonge Street and Bloor Street at the east end of the Mink Mile. Brookfield Properties owns and operates the centre. The centre is composed of a 35-storey office ...
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