Workplace tech platform SafetyCulture has made its first acquisition, taking over mobile training startup EdApp in a deal that values the business at $40 million. SafetyCulture, most recently valued at $1.3 billion following a $60.5 million raise, has invested $9 million in five-year-old EdApp in recent years, including $1 million convertible note in early 2020.… Read more »
Australian beautician and hairdresser booking app Glamazon has found an exit after three years, acquired by the Indian home services marketplace Urban Company for an undisclosed sum. Co-founded by former Shark Tank contestants Lauren Silvers and Lisa Maree, Glamazon had raised $1.2 million in funding during its short life and had around 1,700 beauty workers on… Read more »
Michael Watts, Cloud Conformity CEO & co-founder and Kevin Simzer, Chief Operating Officer, Trend Micro. Tokyo Stock Exchange-listed cybersecurity firm Trend Micro has bought three-year-old Australian software startup Cloud Conformity for US$70 million (AU$102m). Cloud Conformity, launched in Sydney in 2016 and US-headquartered, offers infrastructure security, compliance and optimisation on public cloud through Microsoft Azure… Read more »
New York-based design platform InVision has acquired Australian startup Trunk for an undisclosed fee, with the Trunk team to join InVision.
New Zealand startup Parkable, which enables drivers to find and pay for a parking spot via an app, has acquired Brisbane outfit Park Genie.
Australian-born email marketing software company Campaign Monitor has acquired marketing platforms Sailthru and Liveclicker and launched overarching brand CM Group.
Oneflare is continuing to consolidate the home services market, acquiring on-demand cleaning services marketplace TidyMe.
Deloitte has acquired Melbourne company KnowledgeSpace, which provides speech analytics services, to boost its services in the conduct and compliance space.
Four months on from Steve Baxter announcing his intentions to sell Brisbane coworking community River City Labs, the Australian Computer Society (ACS) has won the bid, becoming owner and operator of River City Labs Group with the promise to invest $7.5 million in growing its operations over the next three years. In acquiring the hub,… Read more »
The first stages of an acquisition can be difficult to navigate, and from a practical perspective, it’s worth being mindful of the outcome.
Accounting software company Xero has acquired Canadian startup Hubdoc for an initial fee of US$60 million ($80.87 million) that consists of 35 percent cash and 65 percent in Xero stock.
Melbourne tech company Envato is further expanding its design offering, acquiring Mexican startup Placeit for an undisclosed amount.
Fairfax-backed Oneflare has acquired Sydney-based UrbanYou, a platform facilitating the booking of home services such as cleaning and gardening on-demand.
A few months on from raising a US$40 million ($51 million) round that saw its valuation push past the $1 billion mark, online design startup Canva has acquired Zeetings, a Sydney-founded startup helping users deliver interactive presentations. The terms of the acquisition were not disclosed.
German startup giant Rocket Internet has acquired Australian online corporate catering business Order-In. The terms of the deal were not disclosed.
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