It’s Friday again, which means another mergers and acquisitions round up. Catch up on the deals that were made this week:
The Latest from Startup Daily
Melbourne-based startup Gooroo is building a globally unique and verifiable talent-company-role matching algorithm which promises to not only transform the way employers recruit technology talent, but also the way technology professionals manage their careers and the way we understand the technology industry.
The Vivid Festival has fast become one of the most popular annual events in Sydney. The 18-day festival of light, music and ideas usually has something to pique everyone’s interests. It acts as a time in the city when art, technology and commerce intersect and leaves those that experience it inspired and full of ideas.
“I hate to say it, but Wattage Inc. is no more. We were unable to secure the additional investment we needed, so we’ve decided to close up shop and call it a day. That said, we did manage to secure a deal that allows us to return our investors’ money. So while we didn’t exactly birth a unicorn, at least it wasn’t a total loss,” says Jeremy Bell, Co-Founder and CEO of Wattage. [Source: Medium]
Skyfii, which provides consumers with in-store WiFi and retailers with data on and analytics of consumer behaviour, has announced that it has raised $2.8 million from investors including Jan Cameron and Bruce Gordon.
Just six months after its launch, Australian community social network Nabo.com has acquired event listing website AroundYou.
Once upon a time, in the dark, early days of the internet, bloggers wrote to miniscule audiences for the love of it. Now, blogging has become business, with bloggers who may have audiences of millions creating sponsored content for brands. With bloggers trusted by their readers, it’s important for them to connect with the right brand that their readership can identify with. Brands, too, need to find the right blogger to represent their name.
Due to the failure of last year’s budget, and strong expressions of public disapproval, the Australian government has smartly chosen to revise its plans. Treasurer Joe Hockey took to the podium yesterday to deliver the details of the new budget, which focuses on small businesses, a welcome change.
Australian ecommerce startup Bigcommerce is moving into the enterprise space with the launch of a new platform aimed at high-volume retailers processing millions of dollars in payments.