FNZ lifts bid by 10%, GBST still not keen

FNZ lifts bid by 10%, GBST still not keen

Update: This afternoon GBST entered a trading halt pending an announcement, with shares set to recommence trading by July 30. When Wellington-based FNZ Custodians tried to acquire Brisbane fintech GBST (ASX: GBT) earlier this month, it outbid its US opponent in the final hour by five cents. The success of M&A activity is about mor...

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Atlassian passes US$1 billion mark for the first time

Atlassian passes US$1 billion mark for the first time

Now with more than 150,000 customers on its books, one of Australia's most successful technology companies has notched 36 per cent year-on-year growth in the fourth quarter to hit US$334 million. In an announcement this morning, Atlassian (NASDAQ: TEAM) co-founder and co-CEO Scott Farquhar (pictured right) said the company h...

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Zip exceeds expectations in final quarter

Zip exceeds expectations in final quarter

The last quarter of FY19 was a success for buy-now pay-later group Zip Co (ASX: Z1P). The group claims it has smashed its targets set at the beginning of FY19, with transaction volumes up 108 per cent year-on-year to $1.1 billion and revenue up 17 per cent quarter-on-quarter to $27 million. Zip now has 1.3 million customers using the ...

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US Justice Department launches antitrust review of tech giants

US Justice Department launches antitrust review of tech giants

Tech giants like Google, Facebook, Amazon and Apple are staring down the barrel of a US Department of Justice (DOJ) review into whether they are breaching antitrust laws. The DOJ announced its review into the tech giants overnight, with the focus of the review to look into whether and how market leading online platforms have achieved mark...

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DroneShield partners up to keep airport airspace safe

DroneShield partners up to keep airport airspace safe

Managing the air traffic surrounding an airport was already stressful enough before drones were introduced to the general public at an accessible price point. The tiny flying objects might seem innocuous, but as was demonstrated in December 2018 when a number of drones shut down Gatwick airport for hours displacing more than 1000 flights,...

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Record revenue for Megaport

Record revenue for Megaport

Improving the interconnection of data centres helped cloud technology company Megaport (ASX: MP1) record a 78 per cent surge in revenue in FY19. The $35.06 million revenue result is a record for the Brisbane-based company, in a year that also ended with a record monthly recurring revenue (MRR) of $3.6 million in June with 1,490 customers....

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M&As a hotbed for hackers and cybercriminals

M&As a hotbed for hackers and cybercriminals

With breaches of cybersecurity now one of the most looming threats for the sustainability of most Australian businesses, many are wondering how best to protect their operations. Simple things like regularly changing passwords and ensuring absolutely everybody changes them can go a mile towards strong cybersecurity Just see the case o...

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Gilmour Space Tech counts down to momentous rocket launch

Gilmour Space Tech counts down to momentous rocket launch

The final frontier is just the beginning for the stargazers at Gilmour Space Technologies. During the week which coincidentally marks the 50th anniversary of the Apollo moon landing, Gilmour Space Technologies (GST) celebrates its own history-making moment. The Gold Coast-based rocket engineering company yesterday completed the final ...

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"Insufficient certainty" surrounds Superloop profit forecast

"Insufficient certainty" surrounds Superloop profit forecast

Telecommunications connectivity company Superloop (ASX: SLC) has fallen on hard times since a takeover bid from the Queensland Investment Company (QIC) failed to produce a firm deal. Prior to this impasse with its suitor the company's shares were trading at $1.93 each, but at the time of publication this morning they were sitting at $...

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Challenger bank Archa avoids dirty word for Gens Y & Z

Challenger bank Archa avoids dirty word for Gens Y & Z

The founder of Australian challenger bank Archa has his sights set on launching the company's first products to customers next quarter, but the plan is to "avoid the word bank wherever possible". Speaking on a blockchain, AI and robotics panel at Gold Coast Business Week, Archa founder and CEO Oliver Kidd discussed a busines...

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Myriota the first locals to sign with the Australian Space Agency

Myriota the first locals to sign with the Australian Space Agency

Space and technology startup Myriota is the first Australian company to sign with the Australian Space Agency (ASA) as a strategic partner. The Adelaide-based company, residing in the new Lot Fourteen startup precinct, is the first Australian startup to partner with ASA, joining international giants like Boeing who signed an agreement wit...

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Whispir teams up with Amazon Web Services

Whispir teams up with Amazon Web Services

ASX newcomer Whispir (ASX:WSP) has boosted its cloud communications toolkit thanks to a partnership with Amazon Web Services (AWS). The tie-up is expected to help customers of both companies respond more effectively to crises, email responses, website clicks and form submissions without the need to write code. The Melbourne-founded so...

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Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Tritium puts electric vehicle charging expansion into gear with $200m pipeline

Australia may not be one of the 14 countries that plan to ban sales of gasoline-fuelled cars by 2040, but it is home to one company in the driver's seat of the electric vehicle (EV) revolution. Tritium has the potential to become a Brisbane and national icon following the opening of its EV R&D centre in May, while its offices in A...

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Removify was Nick Bell's startup itch that needed to be scratched

Removify was Nick Bell's startup itch that needed to be scratched

Removify is helping businesses remove unwanted and fake online reviews and content with a 'no win, no fee' business model. Nick Bell (pictured) could easily have been forgiven for taking a break from the business world following his $39 million sale of WME Group to Melbourne IT (ASX:MLB) in 2017. But Bell couldn't kee...

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Dimmi founder launches new 'smart menu' app me&u

Dimmi founder launches new 'smart menu' app me&u

After a 12-month sabbatical following the sale of restaurant booking app Dimmi, Stevan Premutico (pictured) is back with another piece of hospitality-tech sure to make waves in the industry. Called 'me&u', the app allows restaurant-goers to order and pay for food seamlessly at the restaurant. Customers simply need to ...

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Hacker given three-year jail term for insider trading

Hacker given three-year jail term for insider trading

A Melbourne man has been sentenced to three years imprisonment after hacking a financial publisher's system and engaging in insider trading. IT consultant Steven Oakes today pleaded guilty to 11 charges of insider trading, unauthorised access to data with the intention to commit a serious offence, and the alteration of electronic devi...

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SaaS scale-up Whispir makes ASX debut

SaaS scale-up Whispir makes ASX debut

With "on fire" growth in Southeast Asia and major customers like Disney and Virgin Australia, Melbourne-founded global cloud communications scale-up Whispir (ASX: WSP) has opened a new chapter as a public company today. Co-founder Jeromy Wells (pictured) tells Business News Australia the initial public offering (IPO) has be...

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Facebook launches crypto project but obstacles abound

Facebook launches crypto project but obstacles abound

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity gov...

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Can EMVision's portable brain scanner disrupt stroke treatment as we know it?

Can EMVision's portable brain scanner disrupt stroke treatment as we know it?

Studies show the brain ages by about 3.6 years for every hour that passes without appropriate treatment after a stroke. The disease is the world's second-leading killer after cancer worldwide, but to make a diagnoss for treatment the current solution comes in the form of stationary, complex and expensive imaging technologies like...

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The programmatic ad platform to give Silicon Valley a run for its money

The programmatic ad platform to give Silicon Valley a run for its money

Programmatic advertising forms the bedrock of most publishers in 2019. Major rags, websites and blogs have all dived into it in the past and still use it today for a very good reason - it is an automated, easy way to boost revenue from websites. But it also comes with a number of problems, which Business News Australia has dived into ...

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