MSP Brennan IT wins $20 million contract with Queensland-based Aurizon
Australian managed services provider (MSP) Brennan IT has won an impressive $20 million contract with Queensland-based rail freight operator Aurizon. The contract won by Brennan IT is a multi-year managed services deal that’ll provide the freight operator support for a staff of more than 4000....
Decoding Recommendation Algorithms: How Giants like Netflix, Amazon, and Facebook Leverage Them
Introduction We, as humans, make purchasing decisions every day. Most of the products we buy are either something we like or something that our friends like. A study by Harvard Business School assessed a unique set of data from Cyword (a South Korean social networking...
APM tool vendor New Relic ANZ arm makes new Senior appointments
Application performance management tools vendor New Relic has hired Mr Brad Perriott as its Australia & New Zealand Senior Manager for Sales. Before being appointed by the APM tool vendor in September, Perriott worked at Dell Technologies where he worked for 7 years and was...
IT Services firm CompNow is now an exclusive Extreme Networks member
Australian IT services and solutions company CompNow announced that it has joined the exclusive vendor partner program of Extreme Networks. CompNow Notting Hill achieved ‘Black Diamond’ status in the partner program. This status is given by Extreme Networks to its top partners for their groundbreaking...
Investment firm NextGen Funds launches AI fund for startups
Australian investment company NextGen Funds Management has announced the launch of the country’s first AI (Artificial Intelligence) fund. The name of the fund is NextGen Artificial Technology Fund. This fund will be for sophisticated investors who wish to invest in a diverse mix of debt-equity...
Australian Logistics Startup Shippit Scores $30M Series B Funding
Sydney-based logistics startup Shippit has successfully raised $30 million in capital through a Series B funding round. The company says the funds will be used to further expand in Australia and Asia. The funding round was led by Tiger Global Management, a New York-based investment...
Kogan Fined AU$350,000 for Price Inflation Tactics
Ecommerce platform Kogan has been fined $350,000 by the Australian Federal Court for misleading its customers by inflating its product prices before offering “discounts”. The Federal Court has already found that Kogan misleadingly increased its product prices for its online retail sales in July 2020....
Telehealth startup Coviu secures $6 million after growth amidst pandemic
Australian telehealth startup Coviu has successfully raised capital of $6 million since its impressive growth during the pandemic. The funding round was backed by Equity Venture Partners, an early stage venture firm. Daniel Szekely, Equity Venture’s Investment Director will be joining Coviu’s board. The funding...
Nuix’s IPO Success: A Soaring 69% Share Price Increase
Software company Nuix (ASX:NXL) share price soared today, i.e. on 4th December 2020, after completing its initial public offering (IPO). The share price of the analytical software provider surged by a whopping 47% to $7.80. At one point, the share price of Nuix also touched...
AAC Firm Control Bionics Lists on ASX Through $15 Million Raise
Australian assistive technology firm Control Bionics is preparing to list on the Australian Stock Exchange (ASX) with the hope of raising $15 million capital at $0.60 a share. The $15 million IPO embarks the next progressive step in the company’s journey after it entered the...
