News & Analysis

WiseTech’s boss hits back again on short-seller report – and its shares surged

- October 23, 2019 2 MIN READ

  Logistics giant WiseTech’s battle with Chinese short-seller J Capital, which claims the tech unicorn exaggerated profits and revenues, went another round today with CEO and founder Richard White (pictured above) calling the allegations “self-serving” and rejecting them all in a second, detailed response to the ASX. “WiseTech rejects the claims of financial impropriety and… Read more »

News & Analysis

5 things you should know about tech today

- October 23, 2019 3 MIN READ

Katy Barfield, CEO of tech-based social enterprise Yume. Hello and happy Wednesday. Here’s what’s going down.   1. Softbank bails out WeWork, giving its founder a $1.7bn golden parachute to go away Remember Michael Douglas as Gordon Gekko in Wall Street? Who’ll play Adam Neumann in the movie about the WeWork clusterf*&%? After investing more… Read more »

News & Analysis

Cybersecurity giant Trend Micro buys Sydney startup Cloud Conformity for $100m

- October 22, 2019 1 MIN READ

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 »

Other

5 things you should know about tech today

- October 22, 2019 2 MIN READ

  Hello Tuesday. It’s like the Matrix, but slower.   1. The great NBN speed wars Whose side were you on during the great NBN speed wars, Daddy? Well son, it all began when the government-owned $50 billion broadband project commissioned AlphaBeta to tell the world how good it was, and they declared Australia’s speed was… Read more »

SafetyCulture
Brains Trust

Australian tech execs reveal what they look for in employees

- October 21, 2019 2 MIN READ

The chance to meet senior recruiters at Australian tech unicorns, including Afterpay, is coming this Wednesday, October 23, at Career Hack: Australia’s Tech Careers Fair, in Sydney. The expo will feature dozens of leading Australian tech startups, and their recruiters, including for Canva, Airtasker, Safety Culture, Athena, Deputy, Employment Hero, Zip, Afterpay, Koala, Prospa, Morse Micro… Read more »

Airwallex
News & Analysis

6 charts that show startup investment is booming in Australia

- October 21, 2019 4 MIN READ

The Airwallex team.  Investments in Australian startups have nearly doubled in the past 12 months to nearly $7 billion, with Victoria leading the way, according to data analytics firm Techboard. The Techboard Australian Startup and Young Technology Company Annual Funding Report 2018/19, released at Intersekt on Friday. Techboard co-founder and CEO Peter van Bruchem said… Read more »

News & Analysis

5 things you should know about tech today

- October 18, 2019 2 MIN READ

Friday already? Here’s the latest in tech news. 1.  Atlassian had a good quarter and went shopping The Sydney-based global tech giant released its quarterly earnings today, revealing an 36% jump in revenue from 12 months earlier to US$363.4 million – 28 cents earnings per share (EPS). The result beat Wall Street expectations of $351… Read more »

News & Analysis

Canva adds another $1.1 billion to its value after a $125 million raise

- October 17, 2019 2 MIN READ

Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: supplied Privately-owned online design startup Canva says its market value is now US$3.2 billion (AU$4.7bn) after a US$85 million (AU$125m) raise revealed on Thursday. Those lining up to support Canva’s 7th raise – taking the total investment to AU$333 million in five years – with… Read more »

News & Analysis

5 things you should know about tech today

- October 17, 2019 2 MIN READ

Hello Thursday! Here’s the tech news.   1. UBS says sell Afterpay  Shares in buy now, pay later fintechs are copping a beating today. A research note by investment bank UBS placing a sell rating on Afterpay and rival Zip, appeared to spark an investor stampede for the exits. Two days after hitting a record high of… Read more »