Default deals parting blow to 360 Capital in NEXTDC saga over APDC

Default deals parting blow to 360 Capital in NEXTDC saga over APDC

After already dropping its price to get the Asia Pacific Data Centre Group (APDC) saga over and done with, former majority shareholder 360 Capital may end up losing a $1.55 million perk included in NEXTDC's (ASX: NXT) takeover deal. NEXTDC completed the takeover on Friday to bring its holding in APDC up to almost 98 per cent...

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NEXTDC completes takeover of APDC Group

NEXTDC completes takeover of APDC Group

The long-running battle for control of Asia Pacific Data Centre (APDC) has come to an end with NEXTDC announcing it has completed its takeover of the data centres. NEXTDC now has control of 97 per cent of the securities in APDC, paying $2 per security for the remaining shares on offer. As a result of having an interest in APDC of over...

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MNF Group acquires spare parts of Inabox Group for $30m+

MNF Group acquires spare parts of Inabox Group for $30m+

Communications specialists MNF Group (ASX: MNF) have acquired certain parts of Inabox Group's (ASX: IAB) sprawling business. The agreement, worth between $30.5 and $33.5 million depending on how earn out conditions are met, will see MNF acquire the wholesale and enablement businesses from Inabox Group. The business being acquired ...

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NEXTDC launches $200m takeover bid for remaining APDC shares

NEXTDC launches $200m takeover bid for remaining APDC shares

Data centre operator NEXTDC (ASX: NXT) is on track to putting a property stoush to bed after striking a deal with Asia Pacific Data Centre Group ('APDC') (ASX: AJD) to buy the remaining 70.8 per cent of shares in the company for around $200 million. The offer represents a 7 per cent premium at $2 per share, but in total is $100 mi...

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GO1: The tech tiger that changed its stripes

GO1: The tech tiger that changed its stripes

With financial backing from the likes of Steve Baxter, SEEK, Oxford University and Y Combinator in Silicon Valley, e-learning company GO1 has helped provide workplace training to more than a million people globally with its aggregated online service. And its founders aren't even 30 yet. Vu Tran (pictured left) and Andrew Barn...

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To infinity and beyond: Inside Australia's "space renaissance" and the entrepreneurs driving it

To infinity and beyond: Inside Australia's "space renaissance" and the entrepreneurs driving it

When James and Adam Gilmour were kids, they didn't necessarily have any wild dreams of one day becoming astronauts. But, now that the brothers are all grown up, these days you'd be lucky to find a more enthusiastic pair of stargazers. James and Adam are the engineers and entrepreneurs behind Gilmour Space Technologies, a compa...

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Gig Economy: Discover the movers and shakers in freelance job postings

Gig Economy: Discover the movers and shakers in freelance job postings

Copy typing, javascript and creative skills saw the sharpest growth on Freelancer.com in the third quarter, while gigs in maths, statistics, algorithms and report writing dropped off.  Jobs relating to website development and internet applications were among the highest growth categories in the three months to September on Freelancer...

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Two Aussie companies go guns blazing into eSports, secure lucrative global deals

Two Aussie companies go guns blazing into eSports, secure lucrative global deals

With a combined fanbase of 380 million worldwide that grew 13 per cent in 2018 alone, there's little doubt eSports has now shot into the mainstream. Two Aussie companies, Swift Networks (ASX: SW1) and Emerge Gaming (ASX: EM1), have joined the global phenomenon and are edging further into the world's fastest growing sport through t...

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Airbus confirms commitment to Australia's space industry

Airbus confirms commitment to Australia's space industry

It's been a long time coming, but Australia's space industry is finally ready for lift-off. The latest bit of positive news for the sector is the receipt of a statement of intent from European manufacturing giant Airbus to continue developing its high-tech projects in the country. Executive vice president space systems at Airb...

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Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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Aussie company to lead WeChat expansion in South East Asia

Aussie company to lead WeChat expansion in South East Asia

You simply cannot do business in China nowadays without a WeChat account. Owned by Tencent Group, the social media platform and its associated WeChat Pay service are ubiquitous in China with rapid expansion internationally too. So how then did a Sydney-based company score a lucrative deal to expand WeChat Pay in South East Asia? We catch...

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Consortium breaks milestone on 9,200km international fibre cable project

Consortium breaks milestone on 9,200km international fibre cable project

The consortium behind an ambitious construction of 9,200km worth of undersea fibre network between Perth and Singapore has today reached its first major milestone. Earlier this year, SubPartners, AARNet, Google, Indosat Ooredoo, Singtel and Telstra joined forces on the INDIGO project, a subsea cable network which has today celebrated the ...

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Unlocking "unprofitable beasts" and why they need more patient capital

Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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How Blackbook is trailblazing the world of AI and automation

How Blackbook is trailblazing the world of AI and automation

For Thuy Lam, founder of Blackbook.ai, problem solving has always been the name of the game. After working in professional services for close to ten years, Lam felt he had enough experience to be able to create his own company. With a history in process optimisation and data-science ("when data-science wasn't sexy," he a...

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TPG beats guidance despite NBN rollout 'eroding' profit

TPG beats guidance despite NBN rollout 'eroding' profit

Internet and mobile phone service provider TPG Telecom (ASX: TPM) saw its margins decline in FY18 as broadband subscribers moved to NBN bundles, pushing net profit after tax (NPAT) down 4 per cent to $396.9 million. However, underlying NPAT rose 3.6 per cent to $432.6 million and EBITDA ended up $41 million higher than FY18 forecasts made...

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Aussie esports company makes a killing in Africa

Aussie esports company makes a killing in Africa

Online gaming and esports company Emerge Gaming (ASX: EM1) has muscled further into the African market, now boasting access to more than 29 per cent of the continent's entire population. Emerge has acquired access to millions of new subscribers in Ghana, Kenya, Namibia, Nigeria, Zambia and Zimbabwe, following the integration of its Ar...

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APDC and NEXTDC Supreme Court stoush dissolves

APDC and NEXTDC Supreme Court stoush dissolves

The short-lived legal battle between data centre operators NEXTDC (ASX: NXT) and Asia Pacific Data Centres ('APDC') (ASX: AJD) has come to an end. The Supreme Court of New South Wales legal proceedings, lodged against NEXTDC by APDC, have come to a quiet ending as the judge decided to not make any declarations. This determinat...

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Digital disruptor wins Brisbane Young Entrepreneur of the Year 2018

Digital disruptor wins Brisbane Young Entrepreneur of the Year 2018

Ben Bradshaw is shaking up the very meaning of digital marketing as we know it, and with a solid track record promising bright prospects at home and abroad he has now received Brisbane's top prize for young entrepreneurs. In a hotly contested competition between the city's enterprising elites, Bradshaw was crowned Brisbane Young E...

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Sydney's 'Tinder for brands' poised to dominate overseas

Sydney's 'Tinder for brands' poised to dominate overseas

In the three and a half years since Jessica Ruhfus founded Collabosaurus her disruptive platform has attracted a considerable amount of attention. Lovingly dubbed as 'Tinder for brands', Collabosaurus has dramatically changed the role of marketing experts in Australia. The platform, which works by matching up complementary bra...

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NEXTDC smashes revenue guidance but profit dives

NEXTDC smashes revenue guidance but profit dives

Following a year of intense competition with main rival 360 Capital, NEXTDC (ASX: NXT) has come out smashing its earnings guidance. The company reported revenue of $161.5 million for FY18, above its guidance of $152-158 million. However, the group's profit dived from $44.9 million at the end of FY17 to $6.6 million in FY17. Ea...

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