Aussie telco Vonex acquires fellow telecom company Nextel for $1.15 million
Australian telecommunications company Vonex has announced that it will be acquiring Nextel for $1.5 million. The acquisition will give Vonex access to Nextel’s telephony and infrastructure cabling business. The ASX-listed company will be paying an initial amount of $315,000 in cash. The acquisition of NBN...
Zip’s Strategic Investment in UAE-Based Spotii: Expanding BNPL Horizons
Australia’s one of the most trusted buy now, pay later service Zip has announced that it will be investing in a UAE-based BNPL startup Spotii. Through this investment deal, Zip will be providing Spotii access to its BNPL expertise, financial support, access to an international...
Fintech & energy startup Brighte raises $100 million funding
Australian fintech and energytech Brighte has ended the year with a bang by bagging a huge funding of $100 million. The funding by the energy startup was led by the investment fund of Mike and Annie Cannon-Brookes, Grok Inventures by contributing $78 million in the...
Machine Learning in HR: Applications and Real-World Use Cases
According to research conducted by Glassdoor, on average, the entire interview process conducted by companies in the United Stated usually takes about 22.9 days and the same in Germany, France and the UK takes 4-9 days longer [1]. Another research by the Society for Human...
Uniti Group Acquires Telstra Velocity Assets for $140 Million
Australian telecommunications provider Unity Group has announced the acquisition of Telstra Velocity, a Fibre-to-the-Premise (FTTP) network owned by Aussie telecom giant Telstra. The sum paid by Uniti Group for the same is $140 million. The $140 million deal includes an upfront payment of $85 million...
Neobank Xinja closes shop amidst COVID-19; returns banking license
Blaming the pandemic and a difficult capital raising environment, Australian neobank Xinja has decided to exit the banking sector in the country and focus on its share trading platform in the United States. The bank announced on 16th December 2020 that it will be closing...
Comodo Cybersecurity hires new boss for the ANZ region
Digital certifications and antivirus vendor Comodo Cybersecurity appoints channel veteran Greg Wyman as its Vice President for the ANZ region. The move comes after the company decides to take up a ‘channel approach’ and won’t be selling directly in the region. The company will be...
NPP, BPAY & eftpos agree to merge under a new name ‘NewCo’
Three Australian payments infrastructure companies, eftpos, BPAY and New Payments Platform Australia (NPP) have agreed to merge as a single entity. The step has been taken in order to compete better and reduce costs with the growing number of international payments platforms.Ā The three platforms...
McKinsey Appoints 8 New Partners in Australia & New Zealand
Introduction Global leading consultancy giant McKinsey & Company has appointed 8 new partners in the ANZ Region. McKinsey & Company is an American (and a global) consulting firm which was founded in the year 1926 by Professor James O. McKinsey of University of Chicago. The...
Software company Synechron acquires Aussie fintech firm Attra
Australian financial technology company Attra has been acquired by infrastructure technology and consultancy giant Synechron. How much Synechron paid for Attra and other terms of the deal have not been disclosed. Attra’s financial advisor on this transaction is Avendus Capital.Ā Software company Synechron continues its streak...
