Cowpland leads Zim to turn a profit

Published: November 14th, 2008

In the wake of job cuts at Sun, Nortel and other major vendors, Network World editors had to look hard to find a company whose net income increased.

Zim Corp. of Ottawa, which makes software for databases and mobile applications, announced net earnings of $1,961 for the quarter ending Sept. 30. This compares to a quarterly loss of $101,207 a year earlier.

The vendor’s services include Mobile Gateway, which is designed to manage content distribution and billing among wireless carriers.

Its chief executive officer, Michael Cowpland, rose to fame as a founder of Newbridge Networks later president of graphics software vendor Corel Corp. He bought a majority interest in Zim in 2001.

ZIM said as of Sept. 30 it had $457,326 in cash, up from $ 401,525 on June 30.

Cowpland attributed the profit to a focus on high-margin services.

Would you recommend this article?

0
0
Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada


Related Download
Moving to the Cloud: Beyond the Myths Sponsor: Carbon60
Moving to the Cloud: Beyond the Myths
Get on the road to cloud success by moving past the myths around it.
Register Now
Uncategorized