Melbourne marketing startup IntelligenceBank has landed its first M&A deal, acquiring rival AI-powered brand compliance platform Red Marker from global education giant Kaplan. The terms of the deal were not disclosed. IntelligenceBank will acquire Red Marker’s technology stack, IP, and team of 20 based in Sydney, the US and UK. It will give the combined… Read more »
Expanding internet service provider Aussie Broadband is weighing its options after fibre infrastructure operator Superloop rejected as “opportunistic” a proposed acquisition that Aussie said would have created a serious market rival to “incumbents” Telstra and Optus. A merger of the companies – which would have created a “scale player” providing a wider product offering to… Read more »
WiseTech Global founder and CEO Richard White has returned to his rock n roll roots investing $11 million in ASX-listed music company, Vinyl Group (ASX: VNL) as part of a deal to acquire Australia’s largest youth publisher The Brag Media, publishers of local editions of Rolling Stone and Variety. The billionaire, who made his fortune… Read more »
ASX-listed Earlypay is acquiring invoice financing fintech Timelio in a deal that delivers a major haircut for the startup’s investors. The Melbourne fintech provides invoice and trade financing to Australian SMEs, but appears to have been on a downward trajectory for more than 12 months. Cofounders Charlotte and Andrew Petris left Timelio in mid-2022. Charlotte… Read more »
Australian workplace software giant Atlassian is spending US$975 million (A$1.5bn) to acquire seven-year-old US video messaging startup Loom. The deal represents around 2% of Atlassian’s (NASDAQ: TEAM) current market capital of around US$48 billion. But it’s also something of a bargain, with the price less than two-thirds of Loom’s peak valuation of US$1.53 billion in… Read more »
Nourish Foods, the parent company of organic children’s food brand Whole Kids, has new owners, with the Tempo Group buying the brand’s intellectual property from the company’s administrators. John McInerney and Matt Byrnes from Grant Thornton took charge of the business as receivers in mid-September, a week after it was placed in voluntary administration following… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women 
3 ways Spotify’s annual Wrapped of songs you listen to helps define who you are 
The WA government is sending 12 startups to the US under a new accelerator program 
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