Expense reports to be thing of past

Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 11-Jan-19

SAP Concur has processed $160.4 billion worth of employee expenses in the past 12 months, with the company boasting 44,000 customers in 150 countries. SAP Concur president Mike Ebarhard notes that employee expense reports could soon become a thing of the past as digital invoicing becomes more common. He says Australia is lagging behind other parts of the world when it comes to the adoption of digital invoicing.

CORPORATES
SAP CONCUR, WECHAT, SAP AG

China giants to control global digital economy: McKinsey

Original article by Lisa Murray
The Australian Financial Review – Page: 3 : 1-Mar-18

The McKinsey Global Institute estimates that China now accounts for more than 40 per cent of global e-commerce in terms of transaction value. McKinsey director Jonathan Woetzel says there is a growing view that Chinese technology companies rather than their US counterparts will become the dominant players in the global digital economy. TechSydney director Bede Moore notes that cashed-up Chinese technology companies are ramping up their investment in Asia.

CORPORATES
McKINSEY GLOBAL INSTITUTE, TECHSYDNEY, ALIBABA GROUP HOLDING LIMITED, TENCENT HOLDINGS LIMITED, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, WECHAT, LAZADA, TOKOPEDIA, ANT FINANCIAL, JD.COM INCORPORATED, CENTRAL GROUP OF COMPANIES, BAIDU.COM INCORPORATED

Investors set to profit from Aconex sale

Original article by Yolanda Redrup
The Australian Financial Review – Page: 16 : 20-Dec-17

Aconex founders Leigh Jasper and Rob Phillpot are not the only ones who will do well out of Oracle’s $A1.6 billion bid for the construction software firm. Aconex chairman Adam Lewis and his family should gain around $15.4 million from the transaction, while the Sypkes family, who started the Tasmania-based Chickenfeed discount chain, stand to receive about $A27.2 million. Jasper and Phillpot should get about $A94 million and $A88 million respectively if Aconex shareholders approve Oracle’s bid.

CORPORATES
ACONEX LIMITED – ASX ACX, ORACLE CORPORATION, CHICKENFEED PTY LTD, ATLASSIAN CORPORATION PLC, AUSTRALIAN DISCOUNT RETAIL PTY LTD, SPARK INFRASTRUCTURE GROUP – ASX SKI, McKINSEY AND COMPANY, UNIVERSITY OF MELBOURNE, APIAM ANIMAL HEALTH LIMITED – ASX AHX, MELBOURNE CRICKET CLUB, CITI AUSTRALIA PTY LTD, TEXTURA AUSTRALASIA PTY LTD, SAP AG

Atlassian prices IPO with record $US4.4b valuation

Original article by John Kehoe
The Australian Financial Review – Page: 13 & 18 : 11-Dec-15

Atlassian Corporation debuted on the NASDAQ stock exchange on 10 December 2015. Investors paid a slightly higher than expected $US21 per share in the $US462m IPO, valuing the software developer at around $US6.1bn. Atlassian was founded by Australian entrepreneurs Mike Cannon-Brookes and Scott Farquhar, who will now rank among the nation’s 20 wealthiest individuals on the "BRW" Rich List.

CORPORATES
ATLASSIAN CORPORATION PLC, NASDAQ, UNIVERSITY OF NEW SOUTH WALES, MYOB GROUP LIMITED – ASX MYO, DEALOGIC (AUSTRALIA) PTY LTD, T ROWE PRICE GROUP INCORPORATED, SQUARE INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, GODADDY.COM INCORPORATED, PURE STORAGE, RENAISSANCE CAPITAL CORPORATION, FACEBOOK INCORPORATED, UNITED STATES. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, VISA INTERNATIONAL, NETFLIX INCORPORATED, EBAY INCORPORATED, TOYOTA MOTOR CORPORATION, NEWS CORPORATION – ASX NWS, GOOGLE INCORPORATED, ALIBABA.COM CORPORATION

Atlassian on the verge of record-breaking float in the US

Original article by John Kehoe
The Australian Financial Review – Page: 20 : 7-Dec-15

Australian software developer Atlassian is reportedly due to list on the Nasdaq stock exchange on 10 December 2015, although this has yet to be confirmed. The group’s IPO is expected to be worth about $US350m, with its shares likely to be issued at between $US16.50 and $US18.50 apiece. Data from Renaissance Capital shows that the number of technology IPOs in the US has fallen from 55 in 2014 to just 22 so far in 2015.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, NASDAQ, RENAISSANCE CAPITAL CORPORATION, MYOB GROUP LIMITED – ASX MYO, GARTNER GROUP INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, UNIVERSITY OF NEW SOUTH WALES

Atlassian IPO to recharge tech scene

Original article by Paul Smith, John Kehoe
The Australian Financial Review – Page: 17 & 32 : 11-Nov-15

The prospectus for Atlassian Software’s IPO in the US shows that the group boasted net income of $US6.8m and revenue of $US319.5m in 2014-15. The Australian technology company has been profitable for the last 10 years, in contrast to many peers that are valued at more than $US1bn. The Industry, Innovation and Science Minister, Christopher Pyne, has welcomed confirmation of the IPO, and says the Federal Government’s innovation agenda statement could result in the creation of more companies like Atlassian.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, XERO LIMITED – ASX XRO, UNLOCKD, CAMPAIGN MONITOR PTY LTD, BIGCOMMERCE PTY LTD

Atlassian takes first step to $3b US float

Original article by Tim Binsted
The Australian Financial Review – Page: 13 & 18 : 28-Sep-15

Experts say the proposed US sharemarket float of Atlassian Software is likely to boost Australia’s technology sector. Atlassian has filed the prospectus for its IPO, which could potentially be worth more than $A3bn. Media reports in the US have suggested that the IPO will be undertaken before the end of 2015, although co-founder Mike Cannon-Brookes has declined to comment. He recently said Atlassian does not have a deadline for an IPO.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, FREELANCER LIMITED – ASX FLN, MYOB GROUP LIMITED – ASX MYO, RIGHT CLICK CAPITAL MANAGEMENT PTY LTD, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN LABOR PARTY, GENERAL ELECTRIC COMPANY, EBAY INCORPORATED, NASDAQ, NEW YORK STOCK EXCHANGE, ORACLE CORPORATION, MICROSOFT CORPORATION, SAP AG, IBM CORPORATION

Cyber risk described as growing threat to mergers, acquisitions

Original article by Ruth Liew
The Australian Financial Review – Page: 24 : 1-Sep-15

Cyber security was a business risk that should be in the hands of senior executives, not relegated to the IT department, a conference has been told. Lawyers, investment banks and governments needed watertight cyber rules around their mergers and acquisitions deals. Toll Holdings and Macquarie Group executive director Nicola Wakefield-Evans told the King & Wood Mallesons event that cyber resilience was a key issue for board members as cyber crime grew.

CORPORATES
KING AND WOOD MALLESONS, TOLL HOLDINGS LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS, BHP BILLITON LIMITED – ASX BHP, POTASH CORPORATION OF SASKATCHEWAN INCORPORATED, JP MORGAN CHASE AND COMPANY, PRICEWATERHOUSECOOPERS, TARGET CORPORATION, SONY CORPORATION

Leightons fraud inspires whistleblowing app

Original article by Paul Smith
The Australian Financial Review – Page: 24 : 1-Sep-15

Whistleblowing is as simple as filling in an online questionnaire with Fraudsec, the idea of a technology start-up founded by Sylvain Mansotte, the key whistleblower in a fraud case at Leighton Contractors in 2013. His system, which allows a whistleblower to anonymously create a report and attach files, is being trialled by several major organisations. The New South Wales Department of Education has also made inquiries about modifying it to combat bullying in schools.

CORPORATES
FRAUDSEC, LEIGHTON CONTRACTORS PTY LTD, NEW SOUTH WALES. DEPT OF EDUCATION AND COMMUNITIES, AMAZON WEB SERVICES LLC

Xero founder warns of public growing pains

Original article by Rose Powell
The Australian Financial Review – Page: 24 : 25-Aug-15

Going public is like stepping onto a merry-go-round, says Rod Drury, CEO of accounting software start-up Xero. There is constant pressure from investors and every step is scrutinised. Private companies had the luxury of time and anonymity to deal with problems, but listed start-ups had to deal quickly with issues that hindered performance. On track to bring in $A200 million in 2015, Xero listed in 2007, just a year after it was launched in New Zealand.

CORPORATES
XERO LIMITED – ASX XRO, AFTERMAIL LIMITED, QUEST SOFTWARE INCORPORATED, 42 BELOW LIMITED