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Peter Allen, CEO of DragonWave in Ottawa May 7, 2010.
Peter Allen, CEO of DragonWave in Ottawa May 7, 2010.
(Blair Gable For The Globe and Mail)

The big Canadian tech hope that wasn’t – yet

You know there’s sufficient buzz about a burgeoning Canadian company when the investment banks start circling. Eager to eventually win investment banking business, the dealers initiate research coverage to signal to management that they’ve been there from the early days.

This very scenario is currently playing out with Ottawa-based DragonWave Inc., a tech infrastructure company with a market value of just $145-million. Although profits have yet to materialize, there is hope that DragonWave will make a major global mark, ultimately offering up juicy banking fees and create another Canadian tech success story in the process.