Australian SMEs hit hardest in the world by Ransomware attacks

Australian SMEs hit hardest in the world by Ransomware attacks

Small-to-medium-sized enterprises (SMEs) in Australia and New Zealand hold the highest rate of Ransomware attacks in the world according to new cybersecurity research. IT solutions provider Datto's latest global research shows that SMEs in Australia and New Zealand have the highest rate of reported Ransomware attacks. Ransomware i...

Read More...
Five things to consider when reviewing your EOM reporting process

Five things to consider when reviewing your EOM reporting process

Improving financial performance management can be an ongoing challenge for businesses. Regardless of the size of your finance department, the chances are that end of month reporting (EOM) causes the occasional headache for staff. Brisbane-based Bistech, provides solutions to businesses looking to improve their current reporting proces...

Read More...
Can weed-killing Aussie agtech startup Growave cut herbicides out of farming?

Can weed-killing Aussie agtech startup Growave cut herbicides out of farming?

With farmers and consumers alike increasingly looking for chemical-free products and foods, a technology developed at the University of Melbourne has the potential to control weeds through an unusual method - microwave energy. Growave has just received a $900,000 seed investment to work towards commercialising the tech, invented by D...

Read More...
From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses

From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses

'Brute-force cyber attacks' powered by artificial intelligence are hacking into businesses at a rate of more than 200 million times a minute via the unlikeliest of office devices. In the wake of the Landmark White data breach case and a host of other similar hacks, it's becoming more obvious than ever that hackers are constant...

Read More...
Acquisition to make Tesserent Australia's largest cybersecurity company

Acquisition to make Tesserent Australia's largest cybersecurity company

Listed cybersecurity firm Tesserent (ASX: TNT) is poised to acquire the security division of ICT consultants PS&C for $16 million. The acquisition will make Tesserent Australia's largest listed dedicated cybersecurity business, with more than $30 million revenue forecast for FY20. PS&C Security was created through the merg...

Read More...
360 Capital's Digital Infrastructure Fund to list on the ASX

360 Capital's Digital Infrastructure Fund to list on the ASX

Following a successful $50 million pre-IPO raising and an oversubscribed $65 million Institutional Book Build 360 Capital (ASX: TGP) has announced its plans to list a key fund on the ASX. The 360 Capital Digital Infrastructure Fund, a fund that exposes investors to digital and technological infrastructure assets, will list on the ASX unde...

Read More...
C-suite puts businesses at risk by ignoring cybersecurity protocol

C-suite puts businesses at risk by ignoring cybersecurity protocol

No matter how often you change your passwords, update security protocols and software, and invest in protecting data, it can all come undone by personnel that don't comply with security policy. As it turns out, the biggest culprit when it comes to non-compliance of cybersecurity policy is those sitting in the c-suite. According to...

Read More...
Fastbrick to tap into underserved Mexican market with construction giant partnership

Fastbrick to tap into underserved Mexican market with construction giant partnership

Robotic construction company Fastbrick (ASX: FBR) has announced a new partnership with Mexican construction giant Grupo GP. The company is tapping into the Mexican market with a serious deficit of well-made, affordable homes. Fastbrick managing director and CEO Mike Pivac says his WaaS technology can be utilized well in Mexico. &q...

Read More...
Gilmour Space Technologies "over the moon" about $150 million space investment

Gilmour Space Technologies "over the moon" about $150 million space investment

Gold Coast space giants Gilmour Space Technologies have welcomed the just announced $150 million investment by the Federal Government into the NASA program 'from the Moon to Mars'. The government hopes its investment will propel the currently $4 billion sector into the stratosphere. Speaking yesterday at Gilmour Space Technolo...

Read More...
Superloop to nip debt in the bud with $90m capital raise

Superloop to nip debt in the bud with $90m capital raise

Cloud services connector Superloop (ASX: SLC) is offering up shares at an 18.8 per cent discount to raise $90 million so it can pay off debt. The institutional placement and entitlement offer at $0.82 a share are a far cry from the $1.95 per share QIC Private Capital was proposing for a buyout in May, which failed to produce an agree...

Read More...
OFX partners with Link Market Services for cross-border transactions

OFX partners with Link Market Services for cross-border transactions

Cross-border payments service provider OFX (ASX: OFX) has entered into an exclusive partnership with Link Market Services (ASX: LNK). The partnership will see OFX provide Link with an end-to-end digital cross-border payments solution that will improve Link's shareholding management platform. The service will initially be offered t...

Read More...
Hyundai joins Car Next Door in the fast lane

Hyundai joins Car Next Door in the fast lane

An Australian car sharing platform has received a $6.2 million investment from South Korean car manufacturer Hyundai. The capital injection brings the total amount invested in Car Next Door by Hyundai to $8.2 million. Hyundai Australia CEO JW Lee says the investment into the Australian startup further aligns the manufacturer with the ...

Read More...
Fastbrick concept could become a reality with new pilot program

Fastbrick concept could become a reality with new pilot program

Would you live in a house built by a robot? Fastbrick (ASX: FBR) certainly hopes you would, and their futuristic concept is fast becoming a reality. The listed technology company has announced a 'Building Pilot Program' with Western Australian builder Archistruct Builders & Designers. The program, if successful, will see a...

Read More...
Blockchain goes bush with Power Ledger

Blockchain goes bush with Power Ledger

Power Ledger is taking its blockchain-based peer-to-peer power sharing technology outside of the city for the first time with a trial in Western Australia. The trial in WA is the first time Power Ledger has taken its tech to a regional area and will see commercial buildings trade excess solar power between each other, underpinned by the c...

Read More...
Neobank Xinja receives full banking licence

Neobank Xinja receives full banking licence

The Australian Prudential Regulation Authority (APRA) has granted Xinja Bank a full banking licence. This is a milestone for the company, and sees Xinja join Volt, Judo and 86 400 as the fourth 'neobank' to receive the licence. The effect of the licence means that Xinja can now open bank accounts to its early customers. Xi...

Read More...
Culture Amp raises $120m for global expansion

Culture Amp raises $120m for global expansion

Melbourne-based HR technology company Culture Amp has successfully raised US$82 million ($120 million) in a Series E funding round led by Sequoia Capital China. The latest round values the people and culture platform at US$700 million ($1.04 billion) and will go towards global expansion for a company that already has 2,500 compa...

Read More...
EMVision on track for portable brain scanner trial

EMVision on track for portable brain scanner trial

A Brisbane-based medical technology company led by the former CEO of ASX darling Nanosonics (ASX: NAN) is on target to start trialing its portable non-invasive brain scanner in the last quarter of this year. Harnessing more than a decade of research into electromagnetic microwave imaging from the University of Queensland, EMVision (ASX: E...

Read More...
Fintech Frollo acquires AI startup Hip Money

Fintech Frollo acquires AI startup Hip Money

Digital finance platform Frollo is expanding its horizons into the world of artificial intelligence with a fresh acquisition. The Australian company has taken over Hip Money, a US-originated and Australian-based tech startup founded in 2017 that uses AI to help users eliminate debt and save money. Frollo expects Hip Money's A...

Read More...
Profits climb and shares drop for AI leader Appen

Profits climb and shares drop for AI leader Appen

Machine learning and artificial intelligence (AI) dataset company Appen (ASX: APX) notched a 60 per cent jump in revenue to reach $245.1 million in the first half of 2019. The Sydney-headquartered company recorded a 33 per cent rise in statutory net profit after tax (NPAT) to hit $18.6 million. Chief executive officer Mark B...

Read More...
NEXTDC shares slump despite record result

NEXTDC shares slump despite record result

Shares in data centre company NEXTDC (ASX: NXT) fell by more than 5 per cent this morning even though it announced record revenue and profit in FY19 along with projected EBITDA growth of at least 17.5 per cent for the current financial year. The Brisbane-based company highlights $500 million of senior unsecured debt was raised during...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter