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Weekly Round Up: Reddit raises $250M, Tesla invests $1.5B in Bitcoin & much more
In case you missed what new and noteworthy has happened around in the tech world in this week, we have covered everything you need to know in this blog. Amongst other news, this eventful week saw some major acquisitions, huge tech funding rounds and investments...
Optus parent organization SingTel assesses potential Accellion data breach
Introduction Parent organization of Australian telecom giant Optus, Singapore Telecommunications Limited said that it is currently investigating the impact of a possible security breach. SingTel says that the cybersecurity breach might have exposed and compromised customer data. In a media statement, SingTel said that it...
McKinsey Australia acquires digital-focused consultancy Hypothesis
The Australian arm of American management consulting firm McKinsey has snapped up Melbourne & Sydney-based Hypothesis, a consulting firm that focuses on digital transformation. Hypothesis Founders, Sean Heydenrych and Grant Hartland, are expected to join consulting giant McKinsey as Partners.Ā For this acquisition, SCD Advisory was...
VMware loses its Head of Channels & Alliances ANZ
Software company VMware loses its long serving Head of Channels & Alliances for Australia and New Zealand, Mr Neels Du Plooy who has been serving the company for about 9 years. Plooy served the company as its Head of local channel for the past 4...
Macquarie Group Acquires Vocus: A Strategic Telecommunications Move
Introduction Australian multinational financial services company, Macquarie Group’s infrastructure unit has offered about $2.6 billion (A$3.4 billion) to Vocus Group for its complete acquisition. Previously known as Vocus Communications, Vocus Group informed the Australian Securities Exchange (ASX) that it has courted an indicative proposal from...
Frontline Ventures’ $61 Million Funding for B2B Tech Startups
London-based Frontline Ventures has announced the release of its new Ā£61.3 million ($83.8 million) Frontline Seed Fund III. The fund will be aimed at European B2B technology startups with global ambitions. The newly announced startup seed fund brings the total funds under management of Frontline...
Transport giant Uber buys alcohol delivery startup Drizly for $1.1 billion
Introduction Tech giant Uber has announced that it will be acquiring Drizzly, an alcohol delivery startup, for $1.1 billion in cash and stock. As an outcome of this deal, which isn’t complete yet, Drizly will be integrated into the food delivery app of Uber. However,...
Cisco Live 2021: Dates, Tickets, & Everything You Need to Know
Introduction In 2020, Cisco Live went all digital for the first time in its 30-year run. The digital Cisco Live event was attended by more than 80,000 attendees from around the world and could be attended for free. Unfortunately, Cisco Live 2021 will also be...
Unsurprisingly, Microsoft supports the Australian news media bargaining code
President of Microsoft, Mr Brad Smith said that his company is committed to Australia along with its news publishers and that it completely supports the Australian News Media Bargaining Code. Presently not bound by this directive, Smith said that the code represents a fundamental code...
AWS CEO Andy Jassy steps in to replace Amazon.com CEO Jeff Bezos
In breaking news today from the e-commerce giant Amazon, Amazon Web Services CEO Mr Andy Jassy will be stepping as the CEO of the parent company Amazon.com as Founder Jeff Bezos decides to step down from the role. The announcement about Bezos stepping down in...
