Business

Veteran Sydney software company that bootstrapped for 22 years cashes in with $445 million sale

- March 25, 2025 < 1 MIN READ

A Sydney software company founded in 1999 by two former PwC executives to tackle governance, risk, and compliance (GRC) issues has sold a majority stake in the business to US investment firm PSG Equity for US$280 million (A$445m). The deal for Protecht gives an exit for California growth equity firm Arrowroot Capital after just three… Read more »

Business

Call centre software veteran Local Measure doubles valuation in $100 million sale to Zendesk

- February 25, 2025 2 MIN READ

A Sydney call centre startup is being acquired by US global services platform Zendesk for a reported $100 million. The deal for Local Measure comes 14 years after it was founded by CEO Jonathan Barouch. Zendesk CEO Tom Eggemeier said the acquisition accelerates his company’s expansion into larger, more complex service environments, enhances its AI… Read more »

Business strategy

Startups 101: Understanding secondary share sales  – why not all fundraising is created equal

- October 15, 2024 3 MIN READ

In recent years, the media has increasingly blurred the lines between true capital raises and secondary sales, distorting the actual amount of new funding startups are receiving.  This confusion often misleads founders and investors, making it harder to understand the real financial position of a company. For first-time founders, navigating the complexities of capital raising… Read more »