ASX-listed data security company IXUP Ltd (ASX:IXU) has scored a software bargain from the administrators of failed tech startup Data Republic, buying the data exchange’s intellectual property and IT for just $3 million. The purchase price represents a 94% discount to the almost $50 million Data Republic spent building the platform. The acquisition came from… Read more »
US tech workforce development venture Pluralsight will acquire online learning startup A Cloud Guru in a deal believed to be worth $2 billion. The sale is likely to be one of the biggest in local tech for the 5-year-old London-based startup. A Cloud Guru was originally built in a month in a Melbourne bedroom… Read more »
Xero’s Australia and Asia managing director, Trent Innes, has called time on his eight-years leading the ASX-listed venture. The cloud-based accounting platform’s executive GM of global sales, Joseph Lyons, will step up to the MD role to start the new financial year on July 1. Innes will remain in the business until September to oversee… Read more »
Restaurant tech venture Dragontail Systems (ASX:DTS) is being acquired by the US parent company behind KFC and Pizza Hut, Yum Brands, in a deal worth $93.5 million. Domino’s has been Dragontail’s leading customer in recent years. Its machine learning cameras monitor pizza quality and is the technology behind Domino’s Pizza Checker, as well as the… Read more »
Airtasker is tapping investors for more funds, seeking an additional $20.7 million just two months after raising $83.7 million during the company’s float on the ASX. The company (ASX: ART) is also spending A$3.4 million (US$2.6m) to acquire 10-year-old US services marketplace Zaarly, which has nearly 600,000 customers and 900-plus service providers, to accelerate its… Read more »
Shares in online retailer Kogan.com have plunged more than 13% to below $9 in opening trade on Friday after the company slashed its FY2021 earnings below market expectations in its latest trading update. While the business declined to offer forward guidance during its half-yearly results in February, today the business (ASX: KGN) said it expects… Read more »
The world’s biggest investor, New York firm Blackrock, is selling down ASX-listed fintech Afterpay as the company’s share price continues to head south. Afterpay (ASX: APT) lodged yet another ceasing to be a substantial shareholder notice for Blackrock today, after nearly five months of the investment firm dipping in and out of having 5% stake… Read more »
While plenty of investors wanted in on the ASX listing of tech-based labour hire and recruitment company, Hiremii, which raised $6 million at 20 cents a share in an oversubscribed IPO, it seems plenty also wanted out today. The Perth-based company’s share price tanked more than 25% on the opening day of trade to close… Read more »
Australia’s love of reading has seen quarterly sales at ASX-list online retailer Booktopia soar 53% in a year. The company (ASX: BKG) had already upgraded its revenue and EDBITDA forecasts for FY2021 just two months after listing last December and today released its March quarter figures, saying it was on track to meet the upgraded… Read more »
Data analysis company Nuix, which posted stellar rises its share price, doubling on the opening day of trade following its IPO in December 2020, is in trouble with investors today after its latest earnings guidance revealed the company is set to miss some of its prospectus guidance by tens of millions of dollars. Shares in… Read more »
ASX-listed Afterpay is contemplating a US listing as global sales for the third quarter of FY21 continue to boom. The buy-now-pay-later (BNPL) fintech (ASX:APT) beat market expectations, with underlying sales overall up 104% on 12 months ago, while underlying sales in the US and UK were up 167% and 246% respectively for Q3 FY21. Quarterly… Read more »
Australian tech giant Atlassian has opened its wallet to acquire ThinkTilt, the Brisbane startup behind the ProForma, a no-code/low-code form builder for Jira, for an undisclosed sum. The six-year-old venture has more than 700 companies as customers and helps them build the forms to manage workflows In a post announcing the acquisition, Atlassian’s head of… Read more »
The stellar rise on buy-now-pay-later fintechs on the ASX appears to have halted, with market leaders such as Afterpay falling briefly below $100 a share in trading today amid a three-month low for BNPL stocks. Afterpay (ASX: APT) ended the day up slightly at $101.50, but remains a long way off its mid-February high of… Read more »
The company behind pets marketplace Mad Paws listed on the ASX on Friday and its shares ended up 20% at $0.24 cents when the market closed, having jumped 54% in early trade. The IPO raised $12 million at 20 cents per share for a market cap of $42.9m at listing. The listing was more than… Read more »
Shares in casual jobs marketplace Airtasker have soared once again on the second day of trade since listing to close up 67% at $1.75 on Wednesday. Airtasker (ASX:ART) shares peaked at $1.94 briefly today having floated on Tuesday at an IPO price of $0.65. The gained more that 60% on the opening day of trade… Read more »
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