Melbourne entrepreneurs’ $30m payday in Singapore buyout

The founders and investors in Melbourne-based advertising technology company Trade Indy are toasting a $30 million payday, after one of its partners, Singapore-based Sqreem Technologies, swooped to buy it out.

The deal for 100 per cent of the shares in the privately held company closed late last week, and means all of Trade Indy’s 28 full-time staff will move across to Sqreem.