Airtasker
ASX

Airtasker buys Oneflare for $9.8 million – a quarter of its former valuation

- May 4, 2022 2 MIN READ

ASX-listed gig economy marketplace Airtasker is acquiring services platform Oneflare for $9.8 million. The company (ASX:ART) will help pay for the acquisition by raising $6.25 million via an underwritten placement of approximately 14.5 million new fully paid ordinary shares at $0.43 cents. Airtasker shares have been placed in a trading halt at $0.51 cents. Oneflare… Read more »

ASX

Mike Cannon-Brookes launches campaign against AGL’s demerger after Grok Ventures buys 11.3% of the energy giant

- May 2, 2022 2 MIN READ

Atlassian co-founder Mike Cannon-Brookes has wasted no time in becoming an activist shareholder after taking an 11.3% stake in energy giant AGL. The billionaire launched a campaign with the slogan “Keep it together” to oppose AGL’s plans for a demerger, creating two separate ASX-listed companies, just hours after news emerged that he’d become AGL’s largest… Read more »

ASX

BLOOMING MARVELLOUS: Gifting startup LVLY sells for $35 million with global plans

- April 26, 2022 2 MIN READ

Melbourne flower delivery startup LVLY has been acquired by Malaysian-based Limitless Technology for around $35 million as the e-commerce group expands its footprint in Australia. The deal will see co-founders Hannah Spilva and Verity Tuck, who launched the online flowe gifting venture in 2015, pocket around $20 million. Spilva will join the Limitless board, with… Read more »

ASX

Schneider Electric snaps Brisbane startup Aurtra in multi-million dollar deal

- April 5, 2022 2 MIN READ

Brisbane infrastructure monitoring startup Aurtra has been acquired by French multinational Schneider Electric in a multi-million-dollar deal. The startup, founded in 2017 by Dr Richard Harris, Steve McRae and Terry Woodcroft, was built on sensor technology developed at the University of Queensland technology to monitor the health of electricity network transformers. Aurtra licensed the patented… Read more »

ASX

SafetyCulture nabs remote worker safety app SHEQSY in $6 million deal

- April 4, 2022 < 1 MIN READ

Scaleup unicorn SafetyCulture has acquired local worker safety startup SHEQSY for $6 million. The smartphone-based app is a lone worker safety solution designed for remote situations, offering real-time safety monitoring including duress situations. For managers it offers a visual dashboard of staff locations with activity countdown timers and generates real-time alerts when an employee overstays… Read more »

MAFS wedding
ASX

Zip swallows Sezzle in $491 million BNPL takeover

- February 28, 2022 2 MIN READ

ASX-listed buy now, pay later (BNPL) fintech Zip plans to acquire rival Sezzle in a $491 million all-scrip merger. The offer, now under a definitive agreement, will see Sezzle (ASX: SZL) investors swap their holding for 0.98 Zip (ASX: Z1P) shares, with Sezzle priced at $1.78 and Zip, $2.21. The transaction offers 22% premium on… Read more »

ASX

Canva snaps up UK data startup Flourish

- February 3, 2022 2 MIN READ

Australian design giant Canva has acquired UK data visualisation platform Flourish as it looks to ramp up its European growth plans. The cost of the deal was not disclosed. London-based Flourish has more than 800,000 users creating data stories ranging from Covid vaccination to climate change. More than 9.5 million visualisations have been created, generating… Read more »

Caroline Rawlinson
ASX

MYOB’s cloud focus continues with the acquisition of document management startup Nimbus

- February 2, 2022 2 MIN READ

Business management and accounting platform MYOB has upped the ante on its SaaS offerings with the announcement of the acquisition of cloud document management software provider, Nimbus Portal Solutions. The value of the deal was not revealed by MYOB. Adding the Australian-owned-and-operated document management service to its stable will allow MYOB to provide an integrated… Read more »

ASX

Telstra’s tech arm goes on IoT acquisition spree, buying two more startups

- January 31, 2022 2 MIN READ

Telstra Purple, the telecommunication giant’s business technology services offshoot, is acquiring two local tech startups to bolster its IoT capabilities. The deals include Aqura Technologies, a subsidiary of ASX-listed Veris, snapped up for $30 million – figure that nearly matches the parent company’s market cap. Aqura supplies tech and telecommunications infrastructure solutions including industrial wireless,… Read more »