Technology shares were among the chief beneficiaries of the upward momentum of markets throughout North America Wednesday, as issues in the sector pulled themselves up by their own bootstraps.
By Wednesday, the tech sector in Toronto had improved 1.3%, while south of the border, the sector had jumped 1.2%.
San Diego-baed ImageWare® Systems, Inc. (OTC:IWSY), a leading patent holder of multi-modal biometric authentication and developer of identity management solutions, had changes in the leadership group to announce.
The company is a leading developer of mobile and cloud-based identity management solutions, providing two-factor, biometric, and multi-factor cloud-based authentication solutions for the enterprise. IWSY appointed Kristin Taylor President and CEO, succeeding Jim Miller, who becomes Executive Chairman of the Board, effective this coming Monday.
Said Miller, "Kristin's demonstrated results in leading sizable efforts to drive revenue and growth, her creative vision in re-imagining businesses, as well as significant relationships with the global analyst community, are essential to our plans for worldwide recognition. “
Taylor possesses over 20 years of experience spanning sales, business development, go-to-market strategies, and analyst and public relations, for leading global technology firms. She started her career in the technology sector with AT&T/Lucent.
ImageWare prospered 1.5 cents, or 6.4%, to 25 cents, Wednesday on 288,000 shares.
In Canada, one shining tech example was Kitchener, Ont.-based Quarterhill, Inc. (T.QTRH), whose fourth-quarter results are set for release on Thursday.
QTRH was in the news last week as one of its subsidiaries, Wi-Lan Inc., announced it had acquired a portfolio of patents from IBM. The acquired patents relate to semiconductor manufacturing process technologies. All other terms of the agreement are confidential.
Wi-Lan boasts a status as one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models. WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.
As for the parent, Quarterhill gained three cents, or 1.7% (not world-beating, but not bad, considering what investors have become used to over the last few days), to move through Wednesday afternoon at $1.85, on volume of 92,000 shares.