Vector Capital will acquire Showpad and fold it into Bigtincan—taken private in April—under the Showpad brand, uniting two revenue enablement leaders as analysts flag rapid, AI-driven consolidation in a market tipped to reach US$12.7bn by 2030.
ASX-listed online retailer Kogan.com is back in the red following its write-down of New Zealand acquisition Mighty Ape. Shares in Kogan.com (ASX: KGN) were placed in a trading halt briefly on Monday morning ahead of the results release and news of board changes. The $46.3 million on-cash impairment to goodwill from its $122m Mighty Ape… Read more »
Fun fact: A Xero user on ASX-listed accountancy platform’s 2nd top tier of $100 a month would need to subscribe for nearly 21,000 years to cover the cost of CEO Sukhinder Singh Cassidy’s annual pay packet. Luckily, Xero (ASX:XRO) has more than one customer. As the company’s remuneration committee chair, Susan Peterson, outlined at the… Read more »
ASX-listed Kogan.com has written off $46.3 million in goodwill from its $122 million acquisition of Kiwi online retailer Mighty Ape nearly five years ago. The announcement of the non-cash impairment comes ahead of next Monday’s FY25 results release. The value of goodwill associated with the acquisition was $46.3 million in June 2024. Mighty Ape’s focus… Read more »
ASX-listed technology investor Bailador Technology Investments made a net profit after tax of $19.3 million, with two startups DASH and Updoc, leading the way The company (ASX:BTI) declared a final dividend declared of 3.6 cents per share fully-franked, for an annualised grossed-up yield of 8.1%. The portfolio return was 7.8% after all fees and tax.… Read more »
WiseTech Global (ASX:WTC) has named Zubin Appoo, a long-time collaborator with founder Richard White as the logistics software company’s new CEO. He takes over, effective immediately, from interim CEO Andrew Cartledge, WiseTech’s former CFO, who had to step into the role following the resignation of White last October amid claims of inappropriate workplace behaviour, which… Read more »
Unicorn HR platform Employment Hero has gone to the Federal Court, accusing jobs‑board giant Seek of anti‑competitive behaviour after it revoked API access used by thousands of employers. The startup wants an injunction before the cutoff on 25 August, while Seek vows to fight the claims.
ASX-listed technology firm Scalare Partners will acquire coworking space Tank Stream Labs in a deal worth up to $5.5 million. The move comes as 12-year-old Tank Stream Labs prepares to move out of the Sydney Startup Hub, which is being shut down by the NSW government. Tank Stream Labs CEO Bradley Bradley Delamare will remain… Read more »
New Zealand small business tech developer Black Pearl Group (NZX: BPG) will dual list on the ASX in the coming months as it looks to expand its Australian presence. Blackpearl founder and CEO Nick Lissette, who recently told Startup 360 that the company was exploring an Australian listing, today confirmed the company preparing to file… Read more »
A $25 million bet on fintech DASH has proved lucrative for ASX-listed venture fund Bailador Technology Investments (ASX:BTI), with the VC announcing a 59% uplift to $44.7m. The increase is the result of a new yet-to-be announced raise for the Sydney fintech, which has been signed at a 59% increase in DASH’s valuation. DASH is… Read more »
Veteran WiseTech director Charles Gibbon will leave the board next month, after 19 years, with major shareholder Michael Gregg also departing after less than a year into his second stint at the company’s AGM. The changes bring the board turnover in 2025 to six directors amid a power struggle involving former CEO and founder Richard… Read more »
ASX-listed logistics software giant WiseTech Global is betting more than 10% of the company’s current value on buying NYSE-listed US rival E2open for $2.1 billion (A$3.2bn). WiseTech shares rose 4.7% today to close at A$104.75 on the news. The 25-year-old Texas cloud-based SaaS platform reportedly connects more than 500,000 manufacturing, logistics, channel, and distribution partners… Read more »
Just before Christmas, as staff put on Hawaiian shirts and went to Christmas lunches HR hoped didn’t create more work for them, New Zealand ASX-listed accounting platform Xero (ASX: XRO) dropped details on a new pay plan for CEO Sukhinder Singh Cassidy. The December 18 release, titled “Xero CEO pay revised, aligns to performance and… Read more »
Sydney business journalism disruptor ausbiz has forged a strategic equity partnership with Western Australian tech veteran Marketech. The partnership, structured as an ‘equity for content and promotion’ deal, is similar to the equity agreements struck by ASX-listed Airtasker with Channel Four in the UK, and other media companies. Perth-based Marketech is the 20-year-old tech innovator… Read more »
Australian Super has sold holding in logistics software giant WiseTech Global in recent weeks as founder Richard White returned to the business as chairman. The superannuation fund had more than 2.2% of WiseTech (ASX: WTC) shares and had backed the business since its 2016 float. But governance concerns amid board resignations and White’s elevation to… Read more »
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