Yesterday
Investors cheer TechnologyOne’s earnings surprise
Shares in the Brisbane-based enterprise software firm soared on evidence a new sales model and UK growth were helping it take on giants like SAP.
- Paul Smith
This Month
EQT targets $22.4bn for private capital Asia fund, launches roadshow
The firm has put a $22.4 billion ($US14.5 billion) hard cap on its BPEA Private Equity Fund IX fund raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Software unicorn SafetyCulture to be run from New York with new CEO
SafetyCulture’s founder Luke Anear says he never really wanted to be chief executive, and that the company may be more likely to go public under Kelly Vohs.
- Amelia McGuire
Advent Partners seeks buyer for SaaS biz Medtech; calls in bankers
Advent Partners made its investors a four-times return with Compass Education. Now it’s keen to replicate that success with healthcare SaaS Medtech.
- Sarah Thompson, Kanika Sood and Emma Rapaport
WiseTech allegedly misled investors over ‘aggressive’ earnings targets
In a new class action, Phi Finney McDonald alleges that shareholders in the software company suffered after it missed earlier profit guidance in 2020.
- Max Mason
AI produces efficiency dividends for Australian business
Combining the best of artificial intelligence with human experience is creating genuine productivity gains.
- Alexandra Cain
ANZ banks on Plus to cut costs by a third despite market scepticism
The lender has floated the idea of cutting mortgage costs if it can transition some 7 million customers onto the new technology platform by the end of 2028.
- James Eyers and Lucas Baird
Aristocrat sells fantasy mobile games publisher for $1.2b
The pokies manufacturer is refocusing on slot machines, lotteries and social casinos, divesting itself from the owner of a popular RPG.
- Zoe Samios
- Opinion
- Chanticleer
Di Pilla’s bolt from the blue snatches biggest IPO of the year
Six months ago, no one saw this float coming. But at $1.65 billion, it is the largest raising for a new Australian company since 2018.
- Anthony Macdonald
ESSSuper takes Iress to court claiming tax mistakes cost it members
The ASX-listed software firm allegedly gave the Australian Taxation Office the wrong information about its $37 billion superannuation fund client.
- Amelia McGuire
Music industry brass throw weight behind talent booking platform
An online platform that fashions itself as the future marketplace and booking platform for top Aussie talent is rounding the final week of its $2 million raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hyperion Asset Management’s fairy tale year
The fund, which delivered a stonking 39.8 per cent in the year to October 31, has seen substantial gains in two of its largest holdings.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Profits slump at workplace unicorn Deputy after hiring spree
The company makes software used by workers to manage their rosters. Its valuation topped $1 billion this year after an investment from a US labour hire firm.
- Tess Bennett
Incoming Westpac boss Anthony Miller takes on bank’s tech rescue
A $3 billion-plus technology project known as Unite will become a key plank of the new Westpac boss’ agenda when he takes the reins next month.
- James Eyers and Lucas Baird
Australian crypto giant Immutable faces SEC blowtorch
The video game software company was founded by the two sons of a Macquarie banker and in 2022 had a valuation of around $3.5 billion.
- Amelia McGuire
October
School’s out: Potentia pounces on ambitious NZ edtech Storypark
Street Talk understands Potentia has emerged victorious in the RBC Capital Markets-led auction, first revealed by this column in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tech founder cashes out with more than $100m after 27-year run
Private equity giant EQT has acquired HR software business PageUp, buying out the founders.
- Tess Bennett
Why Cannon-Brookes is under pressure over first solo Atlassian result
Shares in Atlassian have rallied 20 per cent in the last month, with investors betting the CEO is under-promising and over-delivering.
- Tess Bennett
Private equity swoops on Brisbane software biz MEX in $100m-plus deal
Ninnes was advised by RBC Capital Markets’ technology advisory unit.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Workplace app firm SafetyCulture narrows losses, but profit elusive
The company, valued at some $2.5 billion, recorded a surge in revenues over the last 12 months as it expands, new accounts lodged with the regulator show.
- Amelia McGuire