Qanda Technology Sells WebSpy to Fastvue Inc for A$1m+ to Focus on Marketboomer

12th November 2012. Qanda Technology Limited (ASX:QNA) has announced that it has entered into a binding share sale agreement to divest its 100% interest in the WebSpy business unit to Fastvue Inc, a software development company headquartered in Cupertino, California USA (incorporated in Delaware), and specializing in the development of real-time monitoring and reporting software […]

Ozsale Acquires Flash Sale Shopping Club BuyInvite

4th June 2012. Member-only online shopping club has announced the acquisition of flash sale competitor, on undisclosed terms as it prepares for the next stage of growth across South East Asia. OzSale, now the APAC Sale Group, received A$14.5m from US investment firm Insight Ventures in August 2010 and acquired .  Insight Venture Partners is […]

Investor Netus Announces Management Buyout of News Ltd’s 50%

25th May 2012. Australian technology investor netus has announced that management has bought their joint venture partner, NEWS Ltd out of their 50% netus shareholding. Whilst the amount has not been disclosed, newspaper reports estimate it to be A$22.5m. Moving forwards, netus will be wholly owned by the management team. In March Daniel Petre, then […]

iProperty Group Acquires vproperty in Macau for US$300k

8th May 2012. iProperty Group Ltd (ASX:IPP), owner of Asia’s No. 1 network of property portal sites under the iProperty brand (, announced that it had agreed to acquire, the clear leader in the Macau for USD300Kin cash. The acquisition extends the reach of the Group in the region with the Macau based portal […]

Energy One Acquires Energy Bidding Company HARD Software

3rd May 2012. Energy One (ASX:EOL) has announced that it has acquired the assets, business and existing customers of energy bidding software company HARD Software Pty Ltd, including the Web Offer System (WOS) software and intellectual property. The WOS system is Australia’s leading energy bidding software platform, enabling the bidding of multi-billion dollar electricity transactions […]

US HR Cloud Firm Cornerstone OnDemand Acquires NZ-based Sonar Limited for US$14m

8th March 2012. Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based talent management solutions, has announced that it has entered into an agreement to acquire privately held Sonar Limited (“Sonar6”). Based in Auckland, New Zealand, Sonar6 is a leading provider of cloud-based talent management solutions serving small businesses globally. Cornerstone will pay approximately $13 million […]

Atlassian Acquires HipChat, Group Chat and Collaboration Service

7th March 2012. Sydney-based Atlassian Software, a leading provider of collaboration software for product teams, today announced it has acquired San Francisco-based HipChat, a hosted private chat service for companies and teams. HipChat has more than 1,200 customers including Groupon, HubSpot and WIRED. Atlassian will incorporate HipChat into its growing portfolio of software that helps […]

Social Network Firm Kondoot Lodges A$10m Prospectus

29th Feb 2012. Queensland live video social network startup, Kondoot, has lodged a prospectus with the Australian Securities and Investment Commission (ASIC) for the preliminary public offering of its shares to raise A$10m “for the purposes of marketing and expansion”. Under the prospectus, there are 83,333,334 new Kondoot shares offered at $0.12 each, giving the […]

Apple buys Chomp for est. US$50m from Aussie Entrepreneurs

25th Feb 2012. Technology blog TechCrunch and Bloomberg have reported that Apple (NASDAQ:AAPL) has announced the acquisition of San Francisco-based Chomp, which helps users sort through the widening array of software applications for mobile devices, for an estimated US$50 million. Apple has confirmed the acquisition but not the price saying “we buy smaller technology companies […]

James Packer’s Ellerston Capital Invests A$5m into Freight Aggregator Temando

14th Feb 2012. Brisbane-based Freight aggregator Temando, has secured a A$5m investment from James Packer’s investment fund, Ellerston Capital. Terms have not been disclosed. Temando is forecast to be profitable this year and the fund injection from Ellerston will give it additional capital to expand. “The recent investment by Ellerston Capital in Temando gives us […]

APN invests in Friendorse and sets up a JV Fund with Incubator Pollenizer

23rd Jan 2012. Diversified news and media firm APN (ASX:APN) has taken a 25% stake in Friendorse following a successful trial of the start-up. Friendorse is a neighbourhood-based community recommendations web service for local businesses. According to Smartcompany magazine, APN chief development officer Matt Crockett said APN only took a 25% stake in Friendorse because

iiNet Acquires Rival ISP Internode in a A$105m Deal, 4.2 times FY12 EBITDA

22nd Dec 2011. Leading Australian ISP iiNet Limited (ASX: IIN) has entered into binding documentation to acquire Internode Pty Ltd (Internode) and associated companies, Australia’s largest privately owned broadband services company, for $105 million. Based in South Australia, Internode has approximately 260,000 active Internet and phone services, including approximately 190,000 broadband subscribers. The acquisition, which […]

Amcom Acquires L7 Solutions for A$15m

23rd Nov 2011. Perth-based Amcom Telecommunications (ASX:AMM) today announced the acquisition of private Perth-based IT services firm L7 Solutions Pty Ltd (L7) for $15m. L7 is an information technology company, specialising in the provision of IT integration solutions, managed services, advisory and related services. Established in 2004, L7 has a strong reputation having built its […]

iiNet Acquires ACTs Transact for A$60m, 3.53 times EBITDA

21st Nov 2011. Leading Australian ISP iiNet Limited (ASX:IIN) has announced that it has entered into a binding agreement to acquire TransACT Communications Pty Ltd, a leading Canberra‐based telecommunications company, for $60 million. The transaction consists of 100% cash and is debt‐funded. Completion is subject to a number of procedural conditions and is expected to be […]

1300 RECORD Receives A$1.5 million Funding From Innovation Capital

17th Nov 2011. Innovation Capital has announced it has invested a $1.5mn first funding tranche into 1300 RECORD Pty Ltd to fund the establishment of new distribution channels to market the growing Australian-owned cloud communications company. 1300 RECORD gives business the ability to record important phone calls – incoming and outgoing – from any phone, […]

AVOS / Acquires Aussie Links site

9th Nov 2011. AVOS, the company behind the September relaunch of the link-library site, and set up by YouTube founders Chad Hurley and Steve Chen after it was purchased by Google for $1.76 billion, has announced that it has acquired Australian links site in order to beef up the renewed service. Terms have […]

Sydney Data Modelling Firm Kaggle Raises US$11m in High Profile Series A Finance Round

5th Nov 2011. Kaggle, a platform for predictive data modeling competitions, has raised $11 million in Series A financing led by Index Ventures and Khosla Ventures. SV Angel, Yuri Milner’s Start Fund, Stanford Management Company, which invests and manages Stanford University’s endowment and other financial assets, PayPal Founder Max Levchin; Google Chief Economist Hal Varian; […]

Starfish invests A$3m in Graphic Design Marketplace DesignCrowd

3rd Nov 2011. Sydney-based graphic design crowdsourcing marketplace DesignCrowd has received a A$3M investment from leading Australian venture capital firm Starfish Ventures. is an online marketplace that helps businesses around the world outsource or “crowdsource” creative projects. It was founded in 2007 by Alec Lynch at the age of 23 from his “mother‟s dining […]

BigCommerce Closes US$15m Series A Investment from General Catalyst Partners

1st Aug 2011. Sydney-based BigCommerce, the fastest growing e-commerce platform in the world with almost 20,000 clients, today announced the closing of a US$15 Million Series A investment from General Catalyst Partners. In addition, Larry Bohn, managing director at General Catalyst, has joined the BigCommerce board. The funds will be used to rapidly expand the […]

TPG To Acquire SME cloud provider IntraPower for A$12.8 million

14 July 2011. Telecommunications firm TPG (ASX:TPM) has made a bid for listed cloud provider IntraPower (ASX:IPX), offering A$12.8 million for the company, to help TPG broaden its product range and help to gain new customers in the business and public sectors. TPG’s takeover offer provides two different prices – 30c per share cash, or […]

News Limited To Acquire Parenting Website Kidspot for est A$45m, 15*2011 EBITDA

27th June 2011. The chairman and chief executive of News Limited, John Hartigan, today announced that the company has agreed to acquire Australia and New Zealand’s leading online parenting destination Kidspot and related companies. Whilst terms for the deal were not disclosed, widespread newspaper reports put the deal at A$45m or 15*2011 EBITDA. The deal […]

Centrebet accepts A$183m takeover offer from UK’s Sportingbet, at 13.2 times forecast FY11 EBITDA

30th May, 2011. Centrebet International Limited (ASX:CIL) has announced that it has entered into a Scheme Implementation Agreement with London-listed Sportingbet plc and Sbet Australia Pty Limited, a wholly-owned subsidiary of Sportingbet, under which it is proposed that Bidder will acquire all of the outstanding ordinary shares and performance rights in Centrebet under two separate […]

Groupon Australia Acquires Crowdmass

9th May 2011. Stardeals, the recently formed Australian subsidiary of coupon giant Groupon, has acquired Crowdmass, a group buying site based in Melbourne, making this its first local acquisition. Terms have not been disclosed, although press speculation has put the deal at below A$1m. Groupon’s Australian CEO was described saying they paid only a “symbolic” […]