Alex
Mergers & Acquisitions

Queensland startup Clipchamp, the ‘Canva of video’, sells to Microsoft

- September 8, 2021 2 MIN READ

Global software giant Microsoft is acquiring Queensland video startup Clipchamp. Described as “Canva for video” by Steve Baxter, one of Clipchamp’s many investors, the 8-year-old venture helps people make videos using its in-browser platform quickly and easy. Microsoft is one for the more than 17 million users of Climpchamp, which counts Google, Deloitte, Dell and… Read more »

New Zealand, Hobbit
Mergers & Acquisitions

New Zealand daily deals site GrabOne has been sold to the company behind Click Frenzy for NZ$17.5 million

- August 24, 2021 2 MIN READ

One of New Zealand’s largest ecommerce and daily deals websites, GrabOne, is being sold to Global Marketplace, the Australian company behind Click Frenzy, for NZ$17.5 million (A$16.8m). Melbourne-based Global Marketplace (GMP) also owns Click Central and e-commerce analytics firm Power Retail and is reportedly gearing up for an IPO in 2022. The company is majority… Read more »

Sam Johnston
Mergers & Acquisitions

Singapore venture studio Acumino acquires Melbourne startup Speakeasy 

- August 22, 2021 2 MIN READ

Acumino, a recently launched Singapore venture studio focused on emerging technologies and disruptive innovation, has acquired the intellectual property assets of Melbourne-based startup Speakeasy. Speakeasy launched a social video streaming platform to deliver interactive live events to large-scale global audiences, launching in March last year just as the Covid pandemic hit.  The Software-as-a-Service (SaaS) venture… Read more »

Dominic Pym
Mergers & Acquisitions

Bendigo & Adelaide Bank is acquiring Dominic Pym’s fintech, Ferocia, for $116 million

- August 16, 2021 2 MIN READ

ASX-listed Bendigo and Adelaide Bank will pay up to $116 million for Ferocia, the Melbourne fintech co-founded by Dominic Pym and Grant Thomas. Ferocia has been behind Bendigo e-banking app and internet banking platform for nine years and three years ago, Bendigo partnered with Pym and Ferocia to launch the neobank Up. The 100% acquisition… Read more »

Afterpay
Mergers & Acquisitions

Why Jack Dorsey’s Square wants to pay record $39 billion for Afterpay

- August 4, 2021 3 MIN READ

The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history. It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank Lowy’s Westfield Corporation in 2017. The deal… Read more »

Mergers & Acquisitions

US tech giant Pluralsight completes $2 billion acquisition of A Cloud Guru

- July 9, 2021 2 MIN READ

US technology workforce development company Pluralsight has closed its acquisition deal for online learning startup A Cloud Guru. The $2 billion deal for the London-based startup, which began life in 2015 in a Melbourne bedroom as the vision of brothers Sam and Ryan Kroonenburg, is one of Australia’s biggest M&A tech deals. Sam, the company’s CEO,… Read more »

OT100 South Australia, beer, distillers
Mergers & Acquisitions

ASX-listed drinks distributor Mighty Craft fills its glass with South Australian distillers and brewers for $47 million

- June 11, 2021 3 MIN READ

Melbourne-based drinks business Mighty Craft has announced plans to buy South Australian producers Adelaide Hills Distillery, Mismatch Brewing and Hills Cider in a deal worth $47 million. The agreement also includes 75 % ownership of the popular LOT.100 venue, which is a destination distillery, cellar door, restaurant and function centre on an 84-hectare property near… Read more »

Stackla Peter Cassidy Damien Mahoney.
ecommerce

Finnish ecommerce platform Nosto snaps up Stackla, the Australian startup that fell foul of Facebook

- June 3, 2021 2 MIN READ

Stackla, the social media marketing startup that had a near-death experience in 2019 when it was blocked Facebook and Instagram, has been sold to Finnish e-commerce platform Nosto. The terms and conditions of the acquisition were not disclosed. Facebook’s move against Stackla, which built its business on user-generated content amid a crackdown following the Cambridge… Read more »

pizza being shared
ASX

The fast food company behind KFC and Pizza Hut is buying ASX-listed tech venture Dragontail Systems for $93m

- May 27, 2021 < 1 MIN READ

Restaurant tech venture Dragontail Systems (ASX:DTS) is being acquired by the US parent company behind KFC and Pizza Hut, Yum Brands, in a deal worth $93.5 million. Domino’s has been Dragontail’s leading customer in recent years. Its machine learning cameras monitor pizza quality and is the technology behind Domino’s Pizza Checker, as well as the… Read more »

Tyro
Fintech

Payments platform Tyro buys medical fintech startup Medipass

- May 11, 2021 2 MIN READ

ASX-listed payments platform Tryo (ASX: TYR) is spending $22.5 million to acquire NAB-backed digital health payment startup Medipass Solutions The deal gives an exit for the four-year-old Melbourne-based startup’s key investor, NAB Ventures. Founder Peter Williams and CEO Jonathan Davey will also sell their stakes, in the 100% acquisition by Tyro, but will remain with… Read more »