It's been a busy day for Ottawa technology firms.
Bridgewater Systems announced a $56-million deal with Verizon in the United States on Thursday.
Verizon has long been a customer and the new deal is a four-year agreement to continue to supply services as Verizon expands its wireless network.
"Bridgewater has demonstrated the ability to meet our requirements," stated Ed Chan, Vice President of National Network Operations at Verizon Wireless.
This gaps another strong year for Bridgewater and the news drove the stock up more than 11 per cent.
There was also a big legal win for Mosaid against tech giant IBM. The two announced a deal that will see IBM pay an undisclosed fee to Mosaid for use of some patents for the next five years.
A lawsuit was filed 18 months ago after what Mosaid said was "years of negotiation." Both sides agree to drop the legal action.
And, the building of a new hi-speed network for rural Canadians will be powered by a lot of Ottawa technology.
Barrett Xplore said Thursday it will use gear from Ciena, which has a large research centre in Ottawa.
Earlier this week, DragonWave was picked to work on the same network. The total work will be worth $150 million.
Finally, an Ontario judge handling the Nortel bankruptcy case has given disabled Nortel workers a bit of a Christmas gift.
He approved a lump sum payment of 10 per cent of what is expected to be their final payout from a trust fund. It was the smallest amount of three options he considered.
Critics say Nortel took millions from the trust fund for other uses and will not have to replace that money. Benefits for the 400 or so disabled employees will end at the end of this month.
The judge said he will hear an appeal of the ruling in early January from a group of disabled workers who are seeking a higher settlement to obtain the money they say Nortel owes them.
