The Canadian Press/Dan LeBretta/Associated Press Canada’s business intelligence service, the PMO (PMI), will close by the end of this year, following a $1.5-billion restructuring, CBC News has learned.
The PMO will cease to exist in 2018, after an acquisition by private-equity firm Haskin, which will now be responsible for all business intelligence operations for the country.
The merger is expected to close in the second half of 2020.
The government has also agreed to a $2.5 billion restructuring, which includes the departure of its chief information officer and its chief marketing officer, as well as two other senior executives, who will join the private-sector ranks.
The announcement of the restructuring was first reported by CBC News on Wednesday.
The merger was approved by the Conservative government in October.
Haskin CEO Mark Haskins said in a statement that the PMOs business intelligence group « has helped the government of Canada to make a successful transition to a digital world. »
He added that the group has been a key component of our government’s communications and information technology strategy and is committed to building the best intelligence and information system possible.
The move is the latest in a string of moves by the Harper government that have rattled the business community.
The Canadian Press