Vodafone’s $1 billion deal with TPG announced this morning has been 18 months in the making and will have substantial implications for the rest of Australia’s technology sector. Delimiter goes behind the scenes of the deal, speaking to the major players and looking at the impact it will cause over the next few years.
NSW Roads and Maritime Services this week revealed it had suspended some forty owners of vehicles involved in UberX-style ride-sharing services, ruling the use of vehicles for this purpose as illegal, despite the fact that the State Government is currently conducting a review into the future of the related taxi industry.
The public listing of Australia-based tech company Atlassian on a US stock exchange will have a huge impact on Australia’s technology sector, unleashing a lasting wave of innovation and ongoing digital disruption that will deeply impact the nation at a fundamental level. Watch closely: Things are about to drastically change.
Australian software giant Atlassian has reportedly quietly filed to take its operations public in the United States at a value of more than US$3 billion, in a move that will make its founders two of Australia’s richest technologists but disappoint those hoping for a large listing on Australia’s on stockmarket.
Mid-tier telcos M2 and Vocus this morning announced they would merge into a large company with a market capitalisation in excess of $3 billion, in a move that will further cement M2’s place as Australia’s fourth-largest broadband player and further consolidate the already minimalist Australian telecommunications industry.
news The chief executive of British incumbent telco BT has announced a significant upgrade to his company’s broadband expansion plans, with BT now planning...
Microsoft has reversed a lengthy trend towards jacking up the pricing on its software for the local market, with analysis showing Australians will actually pay significantly less for its brand new Office 2016 suite released this week than users in the United States.
Australia's growing cadre of Bitcoin trading companies have discovered that the mere nature of their business has been enough to get them blacklisted by Australia's major banks.
Always wondered what secretive TPG billionaire David Teoh looks like? Never been able to check out a photo of the executive? You're not alone. However, that changed this morning after the Financial Review published a photo of Teoh that a freelancer photographer had taken after camping out outside his house for days.
In Australia's technology pantheon, Atlassian co-founder Mike Cannon-Brookes is somewhere near the top. Cannon-Brookes successfully developed a massive software company still largely based in Australia, has invested in scores of other local technology startups, and is trying to save Australian Technology Park in Sydney. Now you'll get the chance to ask the entrepreneur anything you want, courtesy of a Reddit AMA he's starting to promote the closing date of the latest intake round for the Startmate incubator.
In an attempt to ride the tsunami of disruption that is reshaping the financial services industry, Commonwealth Bank of Australia has joined forces with eight major banks to develop applications based on blockchain, the technology underpinning Bitcoin and the other cryptocurrencies.
Global technology giant HP has refused to say whether or not the 25,000 to 30,000 job cuts it is making globally will have an impact on the company’s extensive Australian workforce, although speculation flying around Australia’s IT industry this afternoon and the company’s past history suggests Australia will not be spared.
National mobile operator Vodafone yesterday revealed it would finally refer to law enforcement authorities an incident which it became aware of three years ago where one of its staff members had accessed the call records of a journalist who was dealing with a whistleblower within its operations.
Australian tech-focused venture capital fund Blackbird this week announced it had raised $200 million to invest in fast-growing Australian technology startups, in the largest funding round of its kind seen in Australia.
Mobile telco Vodafone has confirmed it access the call records of an Australian journalist in an effort to determine the source of a negative story about privacy breaches in its operations.
The Australian Competition and Consumer Commission has published a 72 page report detailing the fact that it is possible to establish a program to monitor and report to consumers on the quality of local broadband services, but has not yet decided to go ahead with such a program.
news TPG has told iiNet staff that it will maintain the iiNet and Internode brands as well as the pair’s call centre operations, as...
TPG appears to have dumped one of the longest-standing public faces associated with national broadband provider Internode and its parent iiNet, with South Australia-based technology public relations agent John Harris becoming the latest individual to part ways with the group following the TPG acquisition.
Fetch TV has revealed it is financially profitable and rapidly expanding its operations and customer numbers, in news that signals it will not be substantially adversely affected by the decision by iiNet’s new owner TPG to terminate its long-standing relationship with the Internet television company.
Foxtel has more than doubled the quota available on the broadband packages it bundles with telephone and pay TV offerings, with customers now able to receive a terabyte of quota along with a Foxtel subscription TV package and unlimited local and national calls for $130 a month, in plan bundles that appear to beat those offered by Foxtel partner Telstra.
Pioneering US security journalist Brian Krebs — who has broken a number of major hacking stories over the past several years — thinks he may have tracked down one of the Ashley Madison perpetrators. The kicker? He appears to be Australian and may be a fan of local supergroup AC/DC.
blog Sydney-based financial technology startup hub Stone & Chalk launched last night to great fanfare, with a solid wedge of politicians from both major...
National broadband provider iiNet and its subsidiary brands have instantly dumped the Fetch TV Internet television platform following the company’s acquisition by TPG, with Fetch TV confirming the order came from TPG itself following the acquisition.
The competition regulator has declared it will not oppose TPG’s proposed acquisition of iiNet, stating its view today that the merger would not result in a “substantial” lessening of competition as was required under its supporting legislation.
If you want to register an Australian web address, your options may be about to change due to a review of domain name policy that is currently underway.
Keen to use your iPhone and/or Apple Watch to pay for goods and services at EFTPOS terminals around Australia? You're right out of luck, with Australia's major banks standing in the way of Apple's Pay service launching locally.
The Federal Court this morning ruled that copyright owners could not use the preliminary discovery process to sue alleged Internet pirates for punitive damages, in a move that will be likely to limit the potential liability of those Australians illicitly downloading films and TV programs.
This whole business model is now under challenge; for newspapers, TV channels and for pay TV. The share prices of media companies are in decline, and in the US in sharp decline.
We can't imagine the staff morale at Australia's peak IT research group NICTA is fantastic at this point. The Federal Government cut all funding to the organisation in the 2014 Budget, the CSIRO merger plan to save the group has been in negotiations for six months, and even now the situation in terms of hundreds of redundancies continues to be unclear.
Australian startup Beat the Q Posse Group today announced the closure of an oversubscribed Series A $5M funding round led by key investment partners, the Westpac backed venture fund Reinventure and venture capital firm Exto Partners.
Ride-sharing company Uber has taken the Australian Taxation Office to court over the agency’s insistence that drivers providing its ride-sharing service collect GST the same way taxi cabs do, in a move that represents Uber’s latest legal battle against the taxi industry.
news SkyMesh has launched a set of broadband plans with symmetric speeds of 100/100Mbps over the National Broadband Network’s Fibre to the Premises infrastructure,...
The NSW Independent Commission Against Corruption (ICAC) will hold a public inquiry starting on 17 August 2015 as part of an investigation it is conducting into allegations that a TAFE ICT manager dishonestly obtained over $1.7 million from the Department of Education and Communities TAFE South West Sydney Institute (SWSI).
iiNet shareholders have overwhelmingly voted for the company to be acquired by rival TPG, with approval by the competition regulator and the Federal Court the two remaining conditions before the acquisition can take place.
iiNet chairman Michael Smith has labelled the company’s planned sell-out to TPG as a “very significant day” in iiNet’s “proud history”, as shareholders vote today on what is still one of the most controversial mergers ever to have been proposed in Australia’s telecommunications industry.
In which Kotaku alleges an odious culture of gross staff neglect and out and out abuse at national retailer EB Games.
It used to be that the most that early stage Australian software companies could pick up in capital raisings was a few hundred thousand to a couple of million. Complaints about the impossibility of raising a decent amount of venture capital were constant and loud. Wow. How times have changed over the past few years. Today's piece of evidence demonstrates that money is truly flowing in the streets for Australia's growing cadre of technology firms.
An Australian website which provides access to independent consultants has raised $4.1 million in venture capital from a group of new and existing shareholders in Australia, the US and Europe, including former Macquarie Bank boss Allan Moss as well as VC fund Frontier ventures.
The first independent Australian video game developer to make a submission to the Senate’s fledgling inquiry into the future of the local video game development industry has called for the nation to become known as a ‘connector’ which will support developers to gain access to major publishers, markets and other resources.
Yellow Pages directories have been appearing on doorsteps across Australia in recent weeks. As often as not, they go straight into the recycling bin. In the world of the internet and e-commerce, the very notion of a book the size of two bricks being the source of valuable purchasing information seems plain silly.
Some of you may remember the name of Nick Ross, the editor of the ABC’s Technology & Games site who wrote several in-depth articles criticising the Coalition’s rival National Broadband Network project. Well, what you probably didn’t know is that Ross has also been spending a great deal of time and effort on a side project. Known as ‘Nanotransactions’, the project is micro-transaction technology which Ross hopes will “save high-quality journalism”.
AUSTRALIA 2025: How will science address the challenges of the future? In collaboration with Australia’s chief scientist Ian Chubb, the Conversation is asking how each science discipline will contribute to Australia now and in the future. Written by luminaries and accompanied by two expert commentaries to ensure a broader perspective, these articles run fortnightly and focus on each of the major scientific areas. This instalment takes a look at ICT’s role.
If you've been involved in Australia's technology startup community over the past several years, you will be aware that there have been multiple incubator programs that have been made available to entrepreneurs. Programs such as Startmate, PushStart, Telstra's Muru-D and so on have made early stage seed funding, mentorship and even physical work facilities available. However, according to one business consultant, the 'scene' is actually a lot more undeveloped than it seems.
Prime Minister Tony Abbott visited a P-TECH (Pathways in Technology Early Career High) school in New York last week, hinting it’s a model of education we should consider implementing in Australia. The school, partly funded by IBM and training students to suit the company’s needs, is different to anything we have in Australia. While the P-TECH model would be feasible here, the model risks confusing economic needs with educational ones.
It has become more or less the norm for global technology companies to minimise their Australian tax liability in a way that much of the local population finds at least mildly objectionable. Well, perhaps the most arrogant of the bunch (surprise, surprise) has turned out to be social networking giant Facebook, which has filed a form arguing it doesn’t need to disclose its Australian earnings at all.
I don't want to comment too strongly on the substance of the speech at this point, but I wanted to make readers aware that Malcolm Turnbull's Parliamentary Secretary Paul Fletcher has delivered a major speech on the Coalition's vision for the Digital Economy.
Who would run a former government-owned monopoly these days? In the last week, Australia Post’s Ahmed Fahour announced 900 administration jobs were to go from its Melbourne operations, while last week Telstra’s David Thodey recounted discussions from his recent trip to the US, where he was told his “business model is dead”.
Listening to the shrieks and squeals of tech sector commentators over the past few weeks, you’d be forgiven for thinking Joe Hockey’s first budget contained nothing for the industry. A more measured inspection of the budget entrails and you will find the Coalition has delivered a lot. A lot of pain, and a lot of lessons.
Given the size, volume of sales and complexity of Apple’s retail footprint, as well as the extreme level of revenue Apple makes in Australia in general, you would have to say that most people would probably expect Apple Store employees to be making a little more. As it stands, the lowest-level employees will barely be making more than minimum wage. And that’s just not insanely great.
Those of you with an interest in the technology startup equity funding space will be interested to know that the Federal Government's Corporations and Markets Advisory Committee this week delivered a major report into the possibility of allowing so-called Crowdsourced Equity Funding in Australia (CSEF). The concept, which is not dissimilar to the crowdfunding techniques used by sites such as Kickstarter, but with an ownership component, has been introduced overseas.
In Australia, the Australian Technology Park in Sydney, Parkville Knowledge Precinct in Melbourne, and Kelvin Grove Urban Village in Brisbane are certainly emerging urban knowledge precincts.
Troubled research group National ICT Australia last week revealed one of its spinoff companies, cloud disaster recovery group Yuruware, had been purchased by US data protection company Unitrends for an amount reported to be at least $10 million.
As Korean giant Samsung has grown its presence in the mobile phone space to rival and even exceed that of industry leader Apple, it has also had to grow its support network. This is to be expected. But what many readers may not have realised is that much of the company’s support for its devices in Australia was actually supported from Australia, with a call centre based in Wollongong. Unfortunately for those concerned, according to Ausdroid, those jobs are now to be offshored.
I just wanted to post a quick note to let readers know that AngelCube, the Melbourne-based startup accelerator, has opened the doors for applications for its 2014 intake. If you don't know about AngelCube but you are interested in starting your own IT startup, you had better familiarise yourself quickly, because you only have a few days to file your entry.
I have to say, it’s hard to disagree with the Atlassian gurus on this one. Comprehensively, if there was a measure which was aimed at assisting Australia’s ICT sector (particularly fast-growing startups), it appears as though the new Coalition Government was determined to cut it. Regular Delimiter readers will be aware that I didn’t find some of these programs very effective, but there is at the least no doubt that the Coalition certainly didn’t replace them with anything either. Tony Abbott, Joe Hockey and company appear to believe that the sector — responsible for huge ecoomic outcomes in other countries — has little relevance to the land Down Under. Strange stuff. Why wouldn’t you want to have a bevy of high-powered tech firms like Atlassian calling Australia home?
Our productivity problem is a like an epidemic. It affects many businesses and threatens the prosperity of future Australians yet it is poorly understood and goes largely unnoticed, especially in a service economy. If a problem of this size and scale were to affect people’s health, money would be raised for further research to isolate the causes and cures for the malady.
In a global economy it is logical that companies would want to structure their business to take advantage of beneficial rules in different countries. And equally each country will want a competitive corporate tax system to attract and retain economic activity. However, the policies of one country should not undermine the policies of another or cause them economic harm. Organisations such as the G20, EU and OECD must enable cooperation to make sure that countries are in agreement with each other’s policies and to pressure those countries whose policies are disadvantaging their neighbours.
Shadow Treasurer Chris Bowen has given a landmark speech in which he argues that much of the future for Australia's economy lies in high-tech jobs, innovation and entrepreneurship, in sentiments which run directly contrary to the thrust of the Coalition Government's first budget.
A better understanding of the realities of entrepreneurial life in Australia will lead to better informed industry policy, and perhaps increased support for an ecosystem that is a key driver of future growth and development for Australia.
Just a day or so ago, National ICT Australia appeared relatively unfazed by the Coalition Federal Government’s decision to entirely cut its funding within two years, vowing to seek alternative options. But an interview with the group’s chief executive Hugh Durrant-Whyte in the Financial Review newspaper yesterday paints an entirely different picture.
An industry group representing venture capitalists and private equity firms has heavily criticised the Federal Government’s substantial cuts to supporting startup and venture capital resources as part of this year’s budget, backing startup industry commments that the Government must move quickly to fill the gap it has created.
Australia's highest-profile organisation representing the technology startup sector has strongly criticised the Federal Government's substantial cuts to supporting resources as part of this year's budget, stating that the Government must move quickly to fill the gap it has created.
Australia's peak game developer's body has issued a statement noting that it is "disappointed and mystified" by the Federal Government's decision to cut $10 million of remaining funding to the Australian Interactive Games Fund, which had been established in 2012 to help game studios get off the ground in Australia.
Australia's peak ICT research group, National ICT Australia, has revealed that it has known about the Federal Government's plans to completely cut its funding since late 2013, but has pledged to continue on and find alternative funding models regardless.
The Federal Government has made good on the threat delivered this month by its Commission of Audit to "abolish" key early stage innovation industry support vehicles Commercialisation Australia and the Innovation Investment Fund (IIF), with the pair and others to be rolled into a new body dubbed the 'Entrepreneurs' Infrastructure Programme'.
The Federal Government tonight announced as part of this year's Budget that it would cut $10 million of remaining funding to the Australian Interactive Games Fund, in a move which at least one commentator has already said will "destroy" Australia's video games industry.
The Federal Government tonight revealed plans to totally stop funding the nation's peak ICT research group National ICT Australia (NICTA) after two more years, with Communications Minister Malcolm Turnbull stating that the organisation would then need to move to a "self-sustaining model".
The Australian Computer Society has accused local technology employers of dumping older staff and failing to hire graduates, replacing both categories with "cheap" imported labor through the Federal Government's 457 Visa scheme, as debate continues as to how the nation will serve its growing need for technology skills.
Remember how the US Government made such as a huge song and dance about the claimed security implications to buying networking equipment from Chinese vendor Huawei? Remember how the Australian Government subsequently blacklisted Huawei from selling its hardware to the National Broadband Network Company? Well, it turns out that this was squarely a case of the pot calling the kettle black. New revelations coming out of journalist Glenn Greenwald, who has access to the National Security Agency treasure trove of whistleblower Edward Snowden, makes it very clear that the NSA has been doing the same thing with US networking equipment vendors.
Diversified technology solutions group NEC has notified its Australian staff that it will shortly undertake a round of redundancies, just months after the company warned it was facing “immediate profitability challenges” despite having a “very healthy” pipeline of contracts.
The shortage of computing experts in Australian schools has serious implications for our future as a player in the knowledge economy.
A landmark report published by Australia's largest startup industry representative group has outlined what is billed as the nation's first comprehensive plan to boost the local technology startup ecosystem, with a number of concrete steps listed which the Federal Government and other stakeholders can take to facilitate rapid growth.
Experienced Australian investor Domenic Carosa has led the establishment of a US$30 million investment fund which will directly invest in companies that are leveraging services based in Bitcoin and other crypto-currencies.
The new Coalition Government’s Commission of Audit (CoA) has recommended the Federal Government "abolish" key early stage technology industry support vehicles Commercialisation Australia and the Innovation Investment fund, in a move slammed by venture capitalists as simply getting it "wrong".
Three more small technology firms have confirmed plans to follow the high-profile initial public offering of online talent marketplace Freelancer to list on the Australian Stock Exchange, as the nation's early stage technology sector as a whole shifts into hyperdrive and seeks capital from Australian investors to expand.
Despite annual revenues estimated at north of $1 billion and increasing profits made from advertising and services sales to Australian customers, the Australian division of global search giant Google has revealed it paid almost no local tax in the 2013 calendar year, as outrage over the situation continues to grow in the local community.
Australian technology services group SMS Management & Technology has shifted the staff in its development facility in Vietnam to a third-party it has signed a comprehensive partnership with, as part of the company's efforts to expand its offshore resources and reducing its fixed costs in the region.
Uber's new 'ride-sharing' service has caused an uproar in Australia's tightly controlled taxi industry. However, the truth is that this innovative offering is just the tip of the iceberg for a whole raft of 'person to person' services shortly to launch in Australia, collectively known as the emerging 'sharing economy'.
National telecommunications company M2 this morning revealed it had plans to make another 150 positions redundant, just five months after culling 100 staff from its operations.
The moment we tie short-term political, economic or social goals to science is the moment we ensure we’ll slow down finding those momentous future breakthroughs that science has brought us. It is a paradox, but one that the government needs to understand before cutting big budgets out of long-term fundamental research programs at the CSIRO.
Opening a venture capital branch seems to be the new “thing” in the corporate world. While Telstra and Westpac are the new big national players, Google is clearly ahead of the curve, with two distinct venture capital firms: the newly launched Google Capital and the five-year-old Google Ventures. But why are so many companies, across a range of sectors, now running to open their own venture capital funds?
The latest review of Australia’s energy-saving appliance scheme has delivered a rare trifecta: a good news story for the economy, the community and the environment. According to my estimates from data in the Department of Industry review, the value of energy saved in Australia last year alone was around A$3.2 billion. Of this, some A$2.7 billion was saved by households.
Australia-based software as a service email marketing platform Campaign Monitor announced overnight that it had taken a $250 million investment from US-based venture capital firm Insight Venture Partners, in one of the largest ever VC investments in an Australian technology startup.
Internode founder Simon Hackett has made another major investment in an Australian technology company, with the beneficiary this time around being cloud computing and managed hosting services group UltraServe, which has been in operation since the year 2000.
Queue the hype train, because Gizmodo reported this morning that US electric car firm Tesla has shipped one of its popular Model S units over to Canberra for testing.
Just how much new datacentre space is needed in Australia? A lot, if you believe the industry. New listed datacentre player NEXTDC has been busy setting up new facilities all over the place, HP just built a mammoth new centre in Western Sydney, and this week established datacentre provider Equinix announced the expansion of its third Sydney datacentre.
Software group Atlassian, which was founded in Australia but has since formally shifted its headquarters to the UK, has sold $150 million worth of stock to United States investment firms T. Rowe Price and Dragoneer Investment Group, in what the company has stated is a move designed to reward the company's employees through buying their shares.
The NSW Government has formally embraced and started regulating the taxi smartphone apps which have been taking Sydney and other locations by storm, setting regulations to support the apps against the wishes of incumbent players in the taxi industry and capping surcharges at five per cent to stop overcharging.
If the Financial System Inquiry is to achieve its aim of helping to promote growth and productivity in the Australian economy it will need to focus strongly on electronic payments.
The Australian Taxation Office has revealed plans to investigate eight major multinational technology companies, some of which which are paying "very low or no" tax in Australia, as scrutiny on so-called 'profit-shifting' activities by the local operations of technology giants such as Apple and Google continues to ramp up.
IT services giant CSC has issued a carefully worded statement noting that the long-time managing director of its Australian division, Gavin Larkings, has "left" the business and been replaced by a 15-year-veteran of IBM.
Global technology giant HP yesterday announced it had created a new dedicated Security Operations Centre (SOC) in Sydney that will support the company's managed security services platform and deal with customers located around the globe.
Google Australia has published a new 47 page book. Dubbed 'Australia's Innovation Generation' and part of the search giant's Start with Code campaign, the book chronicles the stories of ten innovative Australian entrepreneurs, including high-fliers such as Atlassian's Mike Cannon-Brookes and entrepreneur-turned-investor Niki Scevak.
Australia's Internet Industry Association is to to shut down and transfer its operations to the Communications Alliance, in the second major termination of an Australian telecommunications representative group in under three years.
If I've said it once, I've said it a thousand times: Now is a fantastic time to be involved in an Australian IT startup. It used to be that it was tough to find finding for great new ideas in the Australian technology sector, but the plethora of sizable investment deals over the past several years proven that the local funding environment has changed substantially.
Remember that year when search giant Google made revenues from its Australian operations estimated at north of $1 billion, but paid corporate taxes of just $74,000? Or the year that Apple made $6.1 billion in revenue but paid just $36 million in corporate tax? Yeah, good times, good times. Well, the good times may well be over for these technology giants, with the ABC reporting that the Australian Taxation Office has (finally) set up a dedicated task force to tackle the situation.
Over at Pollenizer, long-time startup industry figure Bronwen Clune has published a list of Australia's top 50 female programmers.
Simon Hackett has teamed up with another senior former senior Internode executive and two early executives from electric car pioneer to found a new startup focused on building a new type of electric car specifically designed for high-speed performance racing.
If you needed any further indication that we now live in the science fiction future long ago mapped out for us by visionary authors, then look no further. News arrived this week that an Australian digital currency company and Bitcoin mining concern, digitalBTC, has listed on the Australian Stock Exchange through a backdoor listing.
Apple, famous for its innovative products, is equally creative in its tax structure. From 2009 to 2012, it successfully sheltered US$44 billion from being taxed anywhere in the world, including sales generated in Australia.
The Financial Review newspaper reports that Apple has shifted some $9 billion in profits out of Australia, avoiding a normal tax situation being applied to them.
Seasoned Australian technology executive Alan Hyde left his managing director role at NEC to lead the South Pacific division of HP's Enterprise Group, it has been revealed.
Australia finally has its first digital technology curriculum which is mandatory for all Australian children from Foundation, the name replacing kindergarten, to Year 8.
The new year has not started well for Australian technologists in terms of the jobs situation. Qantas is cutting IT workers, Sensis is cutting workers, Telstra is cutting workers, the Victorian Government is looking into offshoring, and now, according to The Australian newspaper, IBM Australia has embarked on another major redundancy round.
Researchers at the University of New South Wales have taken the first step towards creating a self-driving car by fitting sensors and other technology to a vehicle owned by car sharing service GoGet.
In a flurry of leadership announcements this week, telcos Optus and AAPT have revealed that they have lost their local chief executives, while the Australian division of Chinese manufacturer Huawei has gained a new one.
Hosting and domain name specialist Melbourne IT announced today that it had entered into an agreement to acquire its biggest rival, Netregistry for $50.4 million, in a move that will ensure the fortunes of the company's founder Larry Bloch but also potentially create a giant with close to monopoly powers over the Australian domain name space.
The Federal Labor Party has demanded the Government bring Australia's international taxation regulations into line to deal with multinationals such as Apple and Google, which are siphoning billions of dollars of revenue out of Australia while paying only small amounts of local tax.
South Australia's Liberal Party has vowed to make Adelaide "the startup capital of Australia" if it wins the upcoming state election, promising to plough some $500,000 into a startup week and committing to a slew of other initiatives that would help alleviate what the party described as the state's "devastating brain drain" crisis.
Corporate and technology consulting firm Deloitte has proposed a set of concrete definitions and rules that would substantially change the way the Australian Taxation Office deals with the contentious issue of employee share schemes for Australian startup companies.
Australia's peak ICT research body National ICT Australia will be forced to make substantial job cuts to its Victorian operations, ZDNet reports today, as the result of funding cuts by the Victorian State Government.
Those of you who've been following Delimiter over the past several days might have noticed that I've gotten a little bit on my high horse over the issue of industry subsidies. I was a little shocked by the massive national ruckus created by the request by fruit processor SPC Ardmona for millions of dollars worth of government assistance for its plant in Shepparton, Victoria, when larger issues in the nation's technology sector are almost completely ignored. Today I've published a further view on the issue on the ABC's The Drum site, arguing that it's because the IT industry just isn't sexy enough.
The fact that tiny situations such as this SPC Ardmona issue get debated endlessly while the much larger issues in Australia's technology and content sectors get completely ignored is rather annoying, to say the least. I would rather be debating how we can create and grow the next Atlassian or Freelancer rather than how can fruit can be better packaged into tins. Let's look to the future, together.
Clune's right: Australia's IT startup scene is predominantly composed of white, middle class males, a physical form which venture capitalists usually identify with. But Liubinskas is also right: Things are more complicated than that in real life, and opportunities do abound for the passionate or determined, regardless of who they are. Perhaps the passion and diversity in this debate do much to illustrate the sector as a whole.
The revenues of Apple's Australian division have finally stopped their massive annual growth initiated in 2009, as the company's lack of new product lines over the past year have stalled its onwards financial march.
Heard the term "Australian brain-drain"? You're probably not going to see a more blatant attempt at it than this.
The new Coalition Federal Government has stated that it is "committed" to addressing the ongoing concerns Australian startups have with tax arrangements for employee share schemes, re-opening consultation on the matter for two weeks late this month and early in February. Any opening up of the scheme is likely to be welcomed by Australia's IT startup sector.
The nation's largest telco Telstra today announced it had acquired O2 Networks, a leading Australian provider of network and security consulting and integration services for enterprise customers, in a deal reported to be worth $60 million.
US-based venture capital firm Technology Crossover Ventures has invested $30 million into Australia-based company SiteMinder, which develops software that allows hotels to better monetise their inventory themselves and via more easily connecting to online platforms.
Australian software firm Atlassian has revealed it will shift its headquarters to the United Kingdom on paper, to aid with its plans to eventually list in the United States.
What this investment, as well as the planned ASX listing and its past healthy fundraising efforts, shows is that ingogo is pulling in substantial revenues.
The nation's largest telco Telstra has added to a recent splurge of funding on smaller companies, ploughing a reported $10 million into US-based corporate cloud file-sharing company and Dropbox competitor Box.
The call for a technology policy think tank is opportune and probably long overdue. The Australian IT industry is a massive industry, a huge success story for Australia, and well deserving of its own voice.
Which console launch are you most excited about, and why? Am I right that the PlayStation 4 has most of the momentum at this point? Or is underdog Microsoft making a comeback with the Xbox One?
Freelancer chief executive Matt Barrie shocked a few in Australia’s tech sector with his mid-September rejection of a $400 million offer from a Japanese HR and recruitment giant to buy his company. The executive’s decision to list his company on the Australian Stock Exchange instead was similarly controversial. However, as I write in Delimiter 2.0 today (subscriber content), Freelancer’s not alone. There’s half a dozen other technology industry companies seeking to list on the ASX late this year or early next.
For the Australian tech company market, the success of Freelancer would be a good thing and could possibly serve to boost the likelihood of other companies receiving investment. But because tech companies listing on the ASX are relatively uncommon, they are often treated as scarce events resulting in a general temptation to attach too much significance to a company that has yet to really prove it is worthy of the attention.
Australian consumers are embracing digital commerce, but Australian retailers are failing to build long-term relationships with their customers online, according to new research.
Australian web startup DesignCrowd announced overnight that it had picked up a further $3 million in funding from Melbourne-based venture capital firm Starfish Ventures, which it will use to continue to scale up its operations and take advantage of the growing trend towards crowdsourcing tasks online.
Are you a Sydney-based technologist interested in getting out of Australia's corporate IT sector and into a hot IT startup? Or perhaps a budding entrepreneur looking to start one? Well, local tech startup consultancy and incubator Pollenizer's got your back. The company's Ben Ma has published an extensive overview of Sydney's tech startup scene.
The newspaper alleged, and Leighton has substantially verified, the fact that staff from Visionstream were suspected of aiding Silcar staff in stealing Visionstream tender files relating to a $240 million contract to deploy Optus’s 4G network, which the two contractors were competing to bid. I’ll have a separate article on that situation shortly. What you may not realise is that this not an isolated incident.
Sydney-based hosting and cloud computing company Bulletproof Networks has unexpectedly revealed its intention to list on the Australian Stock Exchange through a reverse takeover of a mining firm, in the second example in as many months of a major Australian technology firm going public.
The nation's largest telco Telstra has poached Pollenizer co-founder Mick Liubinskas to help it get its new startup incubator Muru Digital (muru-d), in a move that marks the end of an era for startup incubator Pollenizer and one of the most famous partnerships in Australia's technology startup ecosystem.
As many people will be aware, yesterday an Australian startup named Flirtey announced that it in March next year, it would launch a commercial drone package delivery service, using "fully automated drones" to deliver packages in inner Sydney through short flights. But can this claim be believed?
Freelancer, the online freelance and labour market site has issued its prospectus ahead of a listing on the Australian Stock Exchange (ASX).
Those of you who’ve been following the exploits of Freelancer.com chief executive and all-round celebrity Australian technologist Matt Barrie will no doubt be interested in the news that one of the other companies Barrie helped found, high-performance networking outfit Sensory Networks, has been bought by giant chipmaker Intel for about $20m.
If you've been paying attention to Australia's technology startup sector recently, you might have noticed that it's absolutely booming. Tens of millions of dollars are being ploughed into new startups, incubators and co-working spaces are popping up all over the place, and successful startups like Freelancer.com are considering massive stock market listings.
Outspoken Freelancer.com chief executive Matt Barrie today noted that the company would turn down the offers it had received to sell to a larger group or take investment, instead flagging plans to list on the Australian Securities Exchange later this year and continue the drive to develop Australia's home grown technology industry.
Uber this week announced a somewhat-free week in Sydney, allowing users up to $60 worth of credit on its service. Meanwhile the service which is emerging as its main local competitor, goCatch, just pulled in a cool $3 million in venture capital.
Depending on what you choose to believe, a report published by the Financial Review this morning suggests that either Ruslan Kogan may have run out of energy and is looking to take a break or is looking to take his business to the next stage with a decent slab of capital injection.
Thought Australian outsourcing marketplace Freelancer.com was going to grow up into a strong, Australia-based company that would conquer the world? Well, it appears that you may be wrong. According to US technology blog TechCrunch, Japanese HR and recruitment giant Recruit Co. has made a $400 million offer to buy Matt Barrie’s bouncing baby boy.
There might not be enough capital floating around in Australia’s IT startup ecosystem for it to expand at the rate some would like, but some startups, at least, are not finding much difficulty with raising capital. Crowdsourced security startup Bugcrowd today revealed it had picked up $1.6 million in funding from Australian and US investors.
The Coalition has revealed an extra $42 million in funding to support peak ICT research group National ICT Australia (NICTA) unveiled several weeks ago by Labor Digital Economy Minister Kate Lundy will be a victim of its election drive to cut costs.
According to Phil Morle, the co-founder of startup incubator and consultancy Pollenizer, the situation still isn’t where it needs to be in terms of IT startup funding in Australia.
Understandably, new governments have an interest in putting their own stamp on policy, particularly in areas as critical to our future as research and innovation, but sometimes continuity and re-badging is preferable to scorched earth.
The nation's largest telco Telstra has substantially boosted its enterprise telephony business and thrown down the gauntlet to Optus through the acquisition of one of Australia's largest communications and network integrators, NSC Group.
If you listen to the rhetoric emanating from Australia’s political sector, especially the Australian Labor Party, you’d no doubt believe that the construction of the NBN alone was enough to guarantee that Australia will develop a strong local technology startup culture, similar to that found in Silicon Valley in the US, or in other locations internationally such as Tel Aviv in Israel. However, as one of Australia’s most experienced startup mentors and commentators, Sandy Plunkett, writes, this simply isn’t true.
The next Atlassian could be started by a pair of Chinese students studying right now in Melbourne, or an Australian-born Vietnamese or Indian entrepreneur who can leverage transnational family connections and build a fast-growing company.
Earlier this month the Rudd Labor Government issued a discussion paper on the taxation of employee share schemes. This is the best opportunity for as long as Senator Kate Lundy can remember to contribute to a formal process about how we provide the right practical and effective incentives for start-ups in Australia.
Consumer electronics retailer Dick Smith has revealed it will take over the electronics retail operations of some 30 David Jons stores around Australia from October, as the troubled company's new private equity owners continue to push to rehabilitate its operations.
The theory that the National Broadband Network is a threat to Foxtel's pay TV business doesn't really hold water.
The Australian division of Japanese video gaming giant Nintendo has taken another staggering hit to its finances for the second year in a row, losing a further 36 percent of its overall revenue over the past year as its flagship Wii U console has flopped with consumers due to what is perceived to be a lack of quality games.
It’s official: Australia isn’t the “lucky country” in the IT sector. Consumers, government and industry down under are charged typically 50% more for software and hardware compared to their American counterparts. Why is this the case and, more importantly, what can affected customers do about it?
The Federal Parliament committee examining IT price hikes in Australia has published an extensive report recommending a raft of drastic measures to deal with current practices in the area, which, the report says, are seeing Australians unfairly slugged with price increases of up to 50 percent on key technology goods and services.
We could question whether there are not better things within the health system that the nearly AUS$1 billion spent so far on PCEHR could have been spent on.
Venture capital and private equity firm M. H. Carnegie has revealed it is preparing to launch an $120 million venture capital fund using local user interface and digital marketing firm Vivant as an incubation facility, in one of the more unusual such collaborations seen so far in Australia.
Writing on the ABC's The Drum site, Institute of Public Affairs senior fellow Julie Novak argues that globally, countries are competing to be centres of taxation, and that Australia should start playing the game better, as low-taxing countries such as Ireland have.
Given that Australia's Parliament is currently in the process of introducing laws that would force more taxation transparency on companies like Apple, and that governments in the US, UK and Australia are all now angrily demanding answers from companies such as Apple and Google on this issue, I suspect that we'll see some resolution of the tax situation with respect to these giant technology multinationals soon.
This morning search advertising and technology giant Google appointed a new managing director for its Australia and New Zealand division. While Maile Carnegie is a very seasoned executive with a few decades at consumer goods company Proctor & Gamble (P&G), we'd have to question her fitness to provide vision for Google's local operations ... given that the executive appears to have zero experience in either the technology or media industries, which is kind of where Google specialises.
We know we’ve pinned Ruslan Kogan for a certain degree of … arrogance, previously, but we really didn’t expect the maverick online retail and consumer electronics guru to go quite this far in proving our point.
The Australian division of search and software giant Google has published its latest set of financial results for the 2012 calendar year, revealing that it paid several million dollars more tax than the paltry $74,000 sum it claimed in 2011, but also that its revenues and headcount jumped substantially over that period.
blog Even as it marks the tenth anniversary of iTunes and its companion iPod device, Apple’s first profit decline in a decade has many observers contemplating the future of the pioneering company – and asking whether Steve Jobs’ spirit of innovation has in fact passed along with the company’s co-founder.
Australia’s tight domain name policies may have prevented opportunistic cybersquatters from cashing in on local disasters, but this week’s Boston Marathon bombing and Waco fertiliser explosion have had less luck avoiding cybesquatters, analysis by a local domain-name specialist has revealed.
Australian businesses expect massive change from the NBN and are rapidly warming to the potential role of NBN-driven teleworking, but most still aren’t ready for the changes the network will bring, a major survey of business readiness has concluded.
You may recall that MacTalk founder and all-round geek Anthony Agius has been conducting something of an experiment to determine whether an Australian Bitcoin miner could make enough money to justify the practice. Well, the results are in: And the answer is: “Most likely not”.
From the thought-provoking blog of REA Group chief information officer Nigel Dalton and his consulting colleague James Pierce comes the news that Australia is currently training many more fitness instructors than IT professionals.
Iconic technology giant Apple has described its relationship with the Australian Taxation Office as "open, frank and candid" and its process of calculating its local tax obligation as "rigorous", despite the fact that the company last year paid local company tax of just $40 million, off Australian revenues of $6 billion.
This brief speech was read by Apple Australia managing director Anthony King to Australia's House of Representatives' Standing Committee on Infrastructure and Communications last week on Friday 22 March. As far as Delimiter is aware, it represents the longest and most detailed statement technology giant Apple has made with respect to its operations in Australia over at least the past decade.
Freelancer.com chief executive Matt Barrie has published an impassioned article on his LinkedIn profile strongly heavily criticising the Government for its underinvestment in the technology sector, which he said had led to a situation where Australia is devoid of good IT talent and "missing out" on the ongoing industry revolution.
It seems virtually everyone's getting on the whole "digital economy" bandwagon these days. The latest cab off the rank is Brisbane, which has appointed a chief digital officer and this week launched its new 'digita strategy'. Nice.
Other companies' Australian managing directors exit gracefully, in a carefully stage-managed process which sees a replacement privately sourced almost before the incumbent leaves. But not Google. Google just dumps a new job ad on its country page as the local MD leaves the country.