IT Management > Funding

Turning Sydney into Aussie Silicon Valley

23 May, 2016 by Dylan Bushell-Embling

A new group with the backing of Australia's largest tech companies aims to improve coordination among the stakeholders working to turn Sydney into the Australian equivalent of Silicon Valley.

US investing in quantum tech at Sydney Uni

09 May, 2016

The University of Sydney has been awarded a multimillion-dollar research grant in quantum technology from a US intelligence agency.

Kogan to revive the Dick Smith brand

15 March, 2016 by Dylan Bushell-Embling

Australian online retailer Kogan has arranged to acquire Dick Smith's online business from its receivers and revive the brand as an online-only consumer electronics retailer.

Twitter lost monthly active users in Q4

11 February, 2016 by Dylan Bushell-Embling

Shares in Twitter briefly fell 13% after the company published its latest results showing that its monthly active userbase actually declined during the fourth calendar quarter.

AGL, govt invest in battery storage for solar power

11 February, 2016 by Dylan Bushell-Embling

AGL and the government have separately invested in Sunverge Energy's battery energy storage technology, while Australia's Redflow is preparing to launch its own battery storage product.

Data retention grants now open to industry

11 January, 2016

A government grants program worth nearly $130 million is now available to telecommunications providers to meet new data retention obligations.

Tyro Payments raises $100m to pursue next growth stage

30 November, 2015 by Dylan Bushell-Embling

Tyro Payments, the Australian EFTPOS provider seeking to disrupt the banks with its payment platform, has secured $100m in new investment funding.

First Aussie venture capitalist joins Innovation Australia

19 November, 2015 by Dylan Bushell-Embling

Bill Ferris, regarded as the father of Australia's venture capitalist industry, has been appointed as the new chair of Innovation Australia.

Australia Post invests $20m in e-commerce

03 November, 2015

 Australia Post has announced it will invest around $20 million in emerging e-commerce businesses.

Australian IT spending to near $80bn in 2016

27 October, 2015 by Dylan Bushell-Embling

Gartner expects Australian IT spending to grow 2.8% next year, with average IT budgets increasing by 2.9%, as a result of spending on digital business and the connected world.

ISPs unhappy at data retention funding split

26 October, 2015

ISPs are concerned that government funding to compensate for the costs of implementing the Data Retention Act will be split over three years since they are already incurring costs to comply.

Sydney's White Bay to become innovation hub

23 October, 2015 by Dylan Bushell-Embling

NSW Premier Mike Baird aims to transform the decommissioned White Bay Power Station into a tech hub for innovators, start-ups, incubators and accelerators.

Atlassian said to plan $3bn IPO

28 September, 2015 by Dylan Bushell-Embling

Major Australian IT vendor Atlassian is reportedly planning a US IPO that could value the company at over $3 billion, while integrated telcos Vocus and M2 have shaken hands on a $3bn merger.

IT departments wasting thousands on redundant tech

16 September, 2015 by Dylan Bushell-Embling

Nearly half of IT decision-makers in Australia and New Zealand report that their organisation is wasting at least $10,000 per year on redundant technology, with 10% wasting over $100,000.

Westpac details tech-focused investment roadmap

07 September, 2015 by Dylan Bushell-Embling

Westpac will increase its annual investment spending by around $200m, with a special focus on technology spending, to stay abreast of the major changes taking place in the financial services industry.

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