The company, which develops digital investigation software, is adding teams in Halifax and Calgary, where it is hiring for seven and six positions, respectively. It plans to open an office in each city once core staff are in place. (The Logic)

Talking point: Magnet’s last Canadian expansion was to Ottawa, in 2016, where it now has 32 employees. Its Canadian headquarters is in Waterloo, Ont. Magnet said the Halifax or Calgary positions could be filled by candidates in Ottawa or Waterloo. The company said it chose the two new locations for “their strong clusters of talent … [and] high quality post secondary institutions.” It went public in an upsized offering on the Toronto Stock Exchange in April and is helmed by CEO Adam Belsher, who was previously a BlackBerry executive for nearly 13 years. Magnet reported its second-quarter earnings Tuesday, posting net income of US$1.59 million, down from nearly US$2.92 million in the same period last year.