Perth-based software startup ActivePort targets IPO

software startup | iTMunch

ActivePort, an Aussie software startup has announced its plans to get listed on the ASX after the successful launch of its SD-WAN offering. The startup is in talks with Bridge Street Capital Partners to become its lead manager for the pre-Initial Public Offering and the IPO itself, which is scheduled for next year. 

Perth-based ActivePort is focused on developing network automation as well as provisioning software for telecoms firms, managed services providers and enterprises providing a single pan of glass view to manage network, cloud and systems.

SEE ALSO: IT services firm Cirrus Networks bags federal deals worth $10 million for 2021

More on ActivePort’s IPO

Executive Director of world bank Bridge Street Capital Partners says the ActivePort is an exciting company with talented people and a set of great and unique products that’ll enhance how enterprises connect to the cloud. 

The software startup has a strong and growing revenue base along with a great deal of interest from consumers in Australia, South East Asia, South America, India and Africa, he adds. He also expects ActivePort’s IPO to be one of the most exciting IPOs of 2021.

The software startup recently launched its SD-WAN plans in the market and the product price is a much-lower price alternative. Mark Middleton, Chief Technology Officer of ActivePort says that expensive and bigger isn’t always better, in fact, this is a big myth and one that is more about the needs of the vendors and not what the customers want. Middleton adds that their software orchestration as well as SD-WAN is designed to make technology adoption ways for businesses offering choice, simplicity, safety, reduced and speed to activate whenever and wherever.

About software startup ActivePort

Victoria-based ActivePort was successful at recognizing a huge gap in the market for Software Defined Networking. The company developed a software platform for network providers and managed services providers can benefit from. It is the powerhouse of networking solutions that gives access to SaaS, bandwidth, cloud and firewalls with one click.

Few of its many channel partners in Australia include all of the NBN retail service providers, which is inclusive of major telecom players like Optus, Telstra and TPG along with MSPs like Ethan Group, Platformer (Melbourne), Centra (Brisbane) and Starboard IT (Sydney).

SEE ALSO: Victoria confirmed as the country’s edtech hub; Melbourne to host EduTECH from 2021

For more updates and latest tech news, keep reading iTMunch

Subscribe to our Newsletter!

Previous articleChannel Head of VMware ANZ departs after 5 years in the role
Next articleWhat is People-Based Marketing and What are its Benefits?
Riddhi Jain is a technology content writer. She is based in India and has been working as a content writer since 2018. Riddhi has been writing content in the tech domain since May 2020 and can’t get enough of it. Riddhi has pursued most of her education from her hometown, Indore. She has graduated as a Bachelor of Business Administration and discovered her love for writing blogs while pursuing an internship during college. Once she discovered her love for writing, she went on to improve this skill set (and hasn’t stopped since). Riddhi’s writing relationship with iTMunch began in May 2020. This is where she developed a knack for writing content for the technology domain. She's an expert in tech content writing who has written over 700 blogs for iTMunch in just a year. Riddhi loves diving deep into tech sub-domains like financial technology, marketing technology, HR technology, Artificial Intelligence and gaming technology. She loves staying updated with the latest and upcoming trends in digital marketing, digital payments, fintech, gaming, web design and app development. She cherishes writing about futuristic technologies like blockchain and cryptocurrency, NFTs, Internet of Things, Facial Recognition, Machine Learning, Edge Computing, etc. Riddhi also likes to keep an eye on what’s going on with the tech titans like Google, Facebook and Apple. One of her major interests is in staying updated with the latest IT startups and the groundbreaking technologies they’re coming up with. When Riddhi is not writing content, she is binging on documentaries on Netflix (check out ‘The Great Hack’, ‘Seaspiracy’, and ‘What the Health’). She also likes reading books once in a while (Yuval Noah Harari and Michelle Magorian are some of her favorite authors). Riddhi also likes listening to podcasts like The Tim Ferriss Show (do listen to the ones with guest Naval Ravikant) and The Joe Rogan Experience.