Yesterday
- Updated
- Earnings season
Life360 reheats plans to target US investors with Nasdaq listing
The ASX-listed, San Francisco-based family-tracking app does not expect to raise more than $US100 million. It had considered a similar move in 2021.
- Updated
- Tess Bennett
This Month
Financy in cash call for workplace equality SaaS platform
Its clients, according to the flyer, include Bega, Netwealth, NGS Super, SG Hiscock & Company and NSW Land Registry Services.
- Sarah Thompson, Kanika Sood and Emma Rapaport
615,000 customers locked out of super accounts by Google fail
The super fund has blamed Google’s cloud computing services for the prolonged outage.
- Lucy Dean
- Opinion
- Chanticleer
Beware big tech’s AI profit gap
Amazon’s stellar earnings underscore big tech’s profit challenge: cost-cutting is done, and the payoff from AI investments are still some way off.
- James Thomson
April
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- Sarah Thompson, Kanika Sood and Emma Rapaport
US private equity studies up on local edtechs; Potentia’s EHG for sale
Potentia took pitches from a handful of banks including Jarden, but decided MacCap was better equipped to put the edtech on US bidders’ radar.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How under the radar I-MED is fighting fit after 20-year PE job
Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.
- Anthony Macdonald
- Opinion
- Chanticleer
Scott Farquhar departs with Atlassian at a crucial point
Atlassian’s unique two-CEO model is ending at a fascinating time for the company, as its shares lag the broader tech sector.
- Updated
- James Thomson
Alphabet surges past $3 trillion, announces first-ever dividend
Google’s parent company rose nearly 16 per cent after first-quarter earnings beat expectations and a $US70 billion stock buyback was approved.
- Greg Bensinger and Akash Sriram
Alium Capital preps first new fund in seven years
The Sydney investor is targeting wealth groups and superannuation funds for its new private and public equity fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Defence biz DroneShield upsizes raise to $100m after strong demand
The brokers found enough demand to upsize the raise to $100 million after market close.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Private equity closes in on Melbourne HR software biz PageUp
US tech investor Battery Ventures is parting with its 80 per cent stake after six years on the register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PE giant Vista Equity Partners chases Sydney tech start-up
Street Talk understands the $101 billion global investment firm has initiated contact with Australian software as a service company CriticalArc.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New Zealand-based battery tech business in cash call, hires Pottinger
Christchurch-based ArcActive will use the new funds to establish an Australian factory.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Dubber Corporation
Dubber CEO sacked as company turns to emergency raising
Steve McGovern, one of the call recording software group’s founders, has been fired following an internal investigation into the disappearance of $30 million.
- Updated
- Tess Bennett
Advent calls in bankers to assess options for Compass Education
Sources said Compass is making about $15 million to $20 million in annual EBITDA on the back of circa $50 million revenue.
- Sarah Thompson, Kanika Sood and Emma Rapaport
US private equity firm K1 builds stake in Qoria; MS on the scene
It is believed K1 now has a call option over 15 per cent of the shares on issue, and the support of the company’s two largest shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Start-ups
How Macquarie’s $46m investment in an Aussie tech firm turned into $1
Macquarie Capital poured $46m into Plutora, but sold its stake for a dollar, and administrators have met to try to figure out what is left in its operations.
- Paul Smith
March
How this Sydney family turned tech tinkering into a $100m fortune
Self-taught software engineer Dan Houden spent six years working on a product that would catapult Task Group to a $310 million sale.
- Tess Bennett
- Opinion
- Chanticleer
Westpac’s $3.5b tech catch-up is a warning to ANZ
Fifteen years after buying St George, Westpac is finally unifying its banking systems. ANZ investors will hope they’re not hearing about the Suncorp integration in 2039.
- James Thomson
