This Month
StrongRoom deal sideswiped by ‘potential misappropriation’ query
The entrepreneur who struck an agreement to buy the software start-up’s assets is in dispute with his business partner, and denies any wrongdoing.
How a passion for tech led Angela Gadaev to the far side of the world
WiseTech’s Angela Gadaev, winner of the Financial Review Women in Leadership Award’s Tech and telco category, arrived from Belarus with hardly any English but is now in charge of 14 teams in 13 countries.
Melbourne property classifieds group plucked out of VA
Digital Classifieds Group’s new owner Lifull Connect is expected to reignite the business, focusing on its Indonesian and Philippines assets.
Apple sidelines Siri and does something unexpected instead
The on-device large-language models that the firm uses to power many of its own artificial intelligence features will soon be opened up to external developers.
Project Flux: Miles Advisory shops radiology software biz Kailo Medical
Kailo Medical’s pitch to radiologists is that it slashes reporting times, improves accuracy, eliminates paper forms and improves referrer loyalty.
Bill Atkinson, who made computers easier to use, dies
A designer for Apple, he created software that made it possible to display shapes, images and text on the screen and present a simulated “desktop”.
Tanarra Capital secures exit at software biz Health Metrics
The buyer is none other than California-headquartered Accel-KKR, back for a second helping at Tanarra’s offices amid its quest to pick off as many promising Aussie start-ups as it can.
BetMakers launches capital raise to fund Nevada acquisition
The wagering technology group will seek to raise the funds at a 10¢ fixed price – a tight 4.8 per cent discount to its last traded price.
Sydney’s Phocas sells to Californian tech investor for $500m-plus
It is a spectacular outcome for Phocas’ founders, who bootstrapped it for nearly 15 years and will share the spoils with only a handful of external investors.
May
Richard White looks for WiseTech reset with $3.2b e2open acquisition
But brokers aren’t sure it can turn things around for the target, which has struggled to retain clients and suffered a long slide in share price.
Richard White’s biggest bet could make or break WiseTech
The billionaire is making the biggest deal in the firm’s history against a backdrop of internal instability and external scrutiny, and buying a company in turnaround mode.
WiseTech locks in $4.7b in financing to secure biggest US purchase yet
The ASX-listed logistics software giant is expected to announce the acquisition of New York-listed e2open this week after agreeing terms with nine lenders.
Celtics deal a slam dunk as investors cheer Catapult result
Catapult Sports shares hit record highs on Wednesday as its CEO said increased investment in professional sports team would drive demand for its products.
Google unleashes search ‘AI Mode’ – and smart glasses
The feature makes web research more like having a conversation – and the tech giant is also using artificial intelligence to re-enter the spectacles market.
$300m RMIT offshoot IND Technology seeks PE backers
The company, which makes early fault detection systems for utility companies, has brought in Ord Minnett to run a $60 million capital raising process.
TechnologyOne targets more government work after profit beat
The Brisbane-based software giant will pay a record interim dividend after reporting strong revenue growth, especially in the UK market.
Not my scene: Hoodoo Guru-backed EV start-up hits Trump roadblock
Hoodoo Gurus musician Dave Faulkner and investment bankers Anthony Brasher and Mark Burrows have backed BetterFleet and its electric vehicle software.
Why Xero’s CEO has a lot riding on US growth strategy
Shareholders are closely watching the performance of Xero’s Sukhinder Singh Cassidy, who is set to become one of the ASX’s highest-paid bosses.
Sydney’s Phocas Software returns home in search of $500m payday
Sources said Phocas fielded early interest from several heavy-hitters including the $1.6 trillion Blackstone but ultimately failed to secure a binding bid, given high price expectations.
Australian jobs to go as part of Microsoft’s global workforce cull
Australian staff at global tech giant Microsoft are nervously waiting to find out if they will be among about 90 staff likely to be sacked as part of worldwide cuts.