Displaying items by tag: Investment

Ping Identity, the intelligent identity solution for the enterprise, has launched Ping Ventures, a new corporate venture capital fund it says is aimed at providing capital and guidance to startups building the next generation of identity and access management (IAM) solutions.

COMPANY NEWS: After findings revealed Australia and New Zealand to have been the target of more than 50 million distributed denial-of-service (DDoS) attacks between July and September 2021 alone, F5 has expanded its local DDoS protection services with the launch of two scrubbing centres to provide customers with real-time local protection, support, and expertise.

Investment fund the Australian Business Growth Fund (ABGF) has announced its next investment for 2022 is Hubbed, a technology-enabled solution for last mile delivery and returns logistics.

Digital property exchange operator Pexa Group's data and analytics business Pexa Insights has agreed to acquire an interest of up to 25% in Australian AI specialist Elula.

Saudi telecommunication company stc Group has announced the establishment of Alibaba Cloud in Riyadh for high-capacity cloud services in partnership with the Chinese technology giant, Alibaba Group.

IFM Investors’ private equity growth fund acquires a majority stake in construction management software Render Networks.

Australia’s small businesses are investing in their recovery, with the Commonwealth Bank saying that financing for equipment and machinery across the sector is up 17% so far this financial year, compared with the same period last year - and investing in IT is also on the investment lists for SMEs.

Australia-based drone planting specialist Lord of the Trees has received a investment of an undisclosed amount – presumably in the millions – from Draper Associates' ESG fund.

Australia’s electricity systems face several key challenges, including ageing infrastructure, increasing complexity, and the need for investment in transmission and distribution, according to Australia’s national science agency, CSIRO.

Operations leaders believe insufficient investment in technology could hold back the effectiveness of their departments to manage expected periods of additional significant change, according to new research commissioned by software company Pegasystems.

The Australian Government and NBN announced funding of $750 million to improve NBN's fixed wireless network. The Government funding $480 million and NBN supporting this with an additional $270 million.

GUEST OPINION: Having access to large volumes of data delivers big benefits to a business. It supports informed strategic planning and guides everything from investments to customer service.

According to new research conducted for MYOB, 76% of mid-sized businesses plan to make changes to their business operations, and the top three investment areas are technology (37%), more full-time staff (35%) and marketing and advertising (28%).

The competition regulator the ACCC has cleared the way for the proposed acquisition of Aviation Training Holdings Pty Ltd - trading as Ansett Aviation Training (AAT)) - by Aviation Training Partners (ATP).

Workforce intelligence specialist Reejig successfully raised $6 million in its Series A funding round, and has now attracted another $15 million in a top-up round.

Enboarder, the world's only people activation platform enabling companies to transform their people programs into simple, science-based, human-centric journeys, today announced it has raised US$32 million in Series B funding, bringing its total investment to US$50 million. The round was led by NewSpring, with participation from previous investors, Greycroft and Next Coast Ventures, and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures and Gaingels.

Commonwealth Bank has taken a 20% stake in fintech Paypa Plane in a move aimed at increasing the uptake of the New Payments Platform's PayTo service.

Bharti Airtel, one of India’s communications solutions providers, and Google announced that they will partner on a long-term, multi-year agreement to accelerate the growth of India’s digital ecosystem. Together, they will work to bring best-in-class end-to-end products to serve customer needs, provide quality customer experience, and bring their expertise to solve problems of affordability, access, and digital inclusion.

Buildxact, a SaaS provider to the residential building industry, has closed its $18.5 million Series A funding round.

The Federal Government has been urging State Governments to start doing e-invoicing to benefit small business owners and one Western Australian government department has responded.