Plutora, a software and services company that received $46 million in funding from Macquarie Capital, has appointed administrators and plans to shut down its Australian operations following a dispute over its eligibility for research and development tax rebates.
Macquarie’s stake in the company was sold back to Plutora’s co-founder and chief executive, Dalibor Siroky, for just $1 as he seeks to keep the company going as a US-based entity, following a planned restructure.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
