M70 Computer System Design and Related Services

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

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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

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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

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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

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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

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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

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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

Growth ‘gazelles’ leap offshore, we get left behind

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Original article by Caitlin Fitzsimmons
The Australian Financial Review – Page: 35 : 25-Aug-15

Most government assistance in the technology sector is targeted at early-stage entrepreneurs, while growth companies are under-serviced and left to find their own way. Once companies move beyond the "exciting, early-stage start-up" they are subject to pressure pulling them offshore. Two recent examples are Shoes of Prey, which moved to Los Angeles leaving a branch office in Sydney, and Bigcommerce, which now has an American CEO and 400 staff in San Francisco and Austin, compared to 50 in Sydney.

CORPORATES
SHOES OF PREY PTY LTD, BIGCOMMERCE PTY LTD, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, UNIVERSITY OF SOUTH AUSTRALIA, AUSTRADE, TYRO PAYMENTS, PWC CONSULTING (AUSTRALIA) PTY LTD, GOOGLE AUSTRALIA PTY LTD, CAMPAIGN MONITOR PTY LTD

Computershare pleads guilty to bribes in US

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Original article by John Kehoe
The Australian Financial Review – Page: 6 : 17-Aug-15

An adviser at US-based Institutional Shareholder Services has pleaded guilty to receiving bribes from two employees of shareholder communications business Georgeson. The US Department of Justice says the matter is continued to be investigated. Georgeson is owned by Australian-listed share registry group Computershare.

CORPORATES
COMPUTERSHARE LIMITED – ASX CPU, GEORGESON SHAREHOLDER COMMUNICATIONS INCORPORATED, UNITED STATES. DEPT OF JUSTICE, RISKMETRICS GROUP INCORPORATED, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION

Free Windows 10 upgrade for millions

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Original article by John Davidson, Yolanda Redrup
The Australian Financial Review – Page: 3 : 29-Jul-15

Data from Net Market Share suggests that just eight per cent of PCs use the Windows 8 operating system, which was introduced in 2012. In contrast, 67 per cent of PCs still use Windows 7, while the much older Windows XP is installed on 13 per cent of PCs. Microsoft aims to encourage all Windows users to upgrade to Windows 10 by allowing them to upgrade to the new operating system for free.

CORPORATES
NET MARKET SHARE, MICROSOFT CORPORATION, BUSINESS RESOURCE SERVICES, OZFOREX GROUP LIMITED – ASX OFX, APPLE INCORPORATED, GOOGLE INCORPORATED

Listing to fast-track expansion for Reffind

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 21 : 22-Jun-15

Reffind is slated to list on the Australian sharemarket on 9 July 2015, after issuing shares at $A0.20 in its IPO. The group, which specialises in the provision of technology solutions for the human resources industry, will have a market capitalisation of around $A20m on debut. Clients include Coles, AMP, Coca-Cola Amatil and Pacific Brands.

CORPORATES
REFFIND LIMITED – ASX RFN, COLES GROUP LIMITED, AMP LIMITED – ASX AMP, COCA-COLA AMATIL LIMITED – ASX CCL, PACIFIC BRANDS LIMITED – ASX PBG, 1-PAGE LIMITED – ASX 1PG, REA GROUP LIMITED – ASX REA, WESTPAC BANKING CORPORATION – ASX WBC, MORGAN AND BANKS, MONSTER.COM, FOSTER STOCKBROKING PTY LTD