Melbourne-based SMS marketing technology company MessageMedia has been bought for $US1.3 billion ($1.7 billion) by Swedish rival Sinch in the latest big money acquisition to see Australian innovation snapped up by overseas buyers.
The huge deal, one of the largest ever for an Australian technology company, comes less than a week after another Melbourne-based tech player A Cloud Guru was bought by US firm Pluralsight for $2 billion.
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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
