Yesterday
- Opinion
- Chanticleer
Software darling shuns suitors to try its own private equity job
It is a big call to go it alone. Many would buckle when PE approaches because the turnaround is too hard – or they don’t want to pass up a quick buck.
- Anthony Macdonald
This Month
Sydney’s Phocas Software courts global buyers
Phocas joins a growing list of Australian tech companies – especially those with large global businesses – which are seeking their M&A fortunes overseas.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The one thing this Rich Lister says every founder needs to remember
Sam Kroonenburg built a company from his bedroom, with him and his brother Ryan both making about $500 million. But Sam, 40, is doing what he can to avoid the trappings of wealth.
- Julie-anne Sprague
- Opinion
- Chanticleer
AI, builders and bonuses: A survival guide to this earnings season
We are seeing just how fragile share prices are, which makes it all the more important for companies to impress investors in the coming four weeks.
- Anthony Macdonald
Abu Dhabi fund flies into IFM consortium at AirTrunk’s $20b sale
The most recent numbers in front of bidders show AirTrunk has punched through $1 billion in contracted EBITDA.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How an Iranian refugee landed Australia’s biggest software deal
When Altium CEO Aram Mirkazemi landed at Hobart Airport as a refugee from Iran he had very little English, but six weeks later he was studying at university.
- Yolanda Redrup
July
$9b Indian VC flies into bumper seed round for Aussie fintech Slice
Slice is $7.5 million richer after ruling off an equity and debt round led by Peak XV Partners and Roadnight Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
It was called the ‘next Canva’, so Canva bought it
Canva has acquired AI design start-up Leonardo.AI in a surprise deal worth over $120 million. The ACCC is taking notice.
- Staff reporter
- Exclusive
- Funding
How Melbourne start-up’s gamble created a $34m business
A risky plan to cut off a $4 million revenue stream and rebuild their software company has paid off handsomely for two Melbourne-based tech entrepreneurs.
- Tess Bennett
Inside Google’s plans to revolutionise the weather forecast
Traditional methods have involved “physical models” run on supercomputers. GraphCast can be run on a laptop, and come up with a forecast in minutes.
- Lauren Shirreff
- Opinion
- Chanticleer
This is what could spark the next market correction
Scepticism about how AI investment will translate into earnings is starting to build. That’s a worry given how heavily the market is invested in tech.
- Updated
- James Thomson
- Analysis
- Analysis
When tech fails, it is usually with a whimper instead of a bang
Forget artificial intelligence, disaster is as likely to creep in quietly – perhaps from a piece of technology so mundane that hardly anyone knows it exists.
- Updated
- David Streitfeld and Kate Conger
- Analysis
- Analysis
What caused the huge global IT outage?
Friday’s international meltdown is an example of how a minor technical change, made by a company unknown to most outside the IT industry, can wreak havoc.
- Camilla Hodgson, Stephanie Stacey, Cristina Criddle and Madhumita Murgia
IT outage: ‘significant’ cost to Australian economy
Australian companies and services are struggling with knock-on effects from an unprecedented global IT outage caused by a simple software update.
- Updated
- Savannah Meacham and Samantha Lock
Global IT chaos triggered by software glitch eases slightly
The impact of what’s being called the most spectacular IT failure the world has ever seen is expected to take at least several days to tally.
- Updated
- Tess Bennett, Paul Smith, Andrew Tillett and Tom Richardson
PE-owned Netlogix hunts capital partner; calls in MacCap
The Pencarrow Bridge Fund owns 51.6 per cent of Netlogix Group Holdings Limited, according to the New Zealand Companies Register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New Quantum’s US backer prepares to call in receivers; sale tipped
The US-based VC investor is New Quantum’s primary financier and is in discussions with McGrathNicol, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Nvidia crash shows dark side of the Trump trade
Donald Trump’s comments on Taiwan added to a global sell-off in computer chipmakers. The episode has three big lessons for investors.
- Updated
- James Thomson
Microsoft may have just become Canva’s most dangerous rival
The world’s biggest software company has debuted an AI-powered design app, presenting Canva with a deep-pocketed rival.
- Tess Bennett
Elmo’s US owner tests buyer appetite, two years on from $486m buy
K1 picked up ELMO at a time when interest rate hikes had punched the oxygen out of valuations for ASX-listed names.
- Sarah Thompson, Kanika Sood and Emma Rapaport
