Employee experience platform Culture Amp has acquired San Francisco cultural values recognition startup Disco. The terms of the deal were not disclosed. Disco helps companies recognise and celebrate values-driven work, foster team appreciation and improve company culture across distributed teams. Founded in 2015, the venture is an app in Slack and Microsoft Teams. Culture Amp… Read more »
US lists sports equipment business Slinger Bag is acquiring Sydney player data analytics startup Gameface.ai for US$24 million (A$32m) in an all-stock deal. The trans-Pacific ventures have already been collaborating on a new app for Slinger using artificial intelligence (AI) to provide instant analysis of match play to offer technical and strategy insights. The M&A… Read more »
ASX-listed voice data company Dubber (ASX: DUB) has acquired Brisbane tech startup Notiv in a deal worth $6.6 million. The M&A deal will see Dubber accelerate its artificial intelligence program and capabilities. Notiv was founded by tech industry veterans Chris Raethke, a BugCrowd co-founder, and Dr Iain McCowan in 2018 to improve meeting note taking.… Read more »
Private equity-owned accountancy software firm MYOB is ramping up the practice management solutions side of its business with plans to acquire cloud-based software provider, GreatSoft. The move comes after MYOB recent took a majority stake in workforce management software Roubler. The acquisition, now under review by competition regulator the ACCC, will integrate GreatSoft’s cloud-based practice… Read more »
Shares in Zip Co. jumped more than 40% following news that it will acquire the major US buy-now-pay-later venture QuadPay in an all-scrip deal to drive international growth, as well as raising $200 million. QuadPay shareholders will receive up to a 23.3% stake in the Australian fintech (ASX: Z1P) – a maximum of up to… Read more »
Wisetech Global CEO & founder Richard White. WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »
StartupAus CEO Alex McCauley. Photo: supplied StartupAUS is concerned about the damage last week’s ACCC report into digital platforms could cause to the startup sector if the competition watchdog’s views on mergers and acquisitions are implemented. The landmark inquiry and its 620-page report, which focused in part on the power of Facebook and Google, raised concerns… Read more »
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