COMPUTER SOFTWARE INDUSTRY – AUSTRALIA

Why Atlassian is more profitable than it looks

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 20 : 31-Jan-20

Workplace collaboration software company Atlassian’s net income is not a true reflection of its profitability. This is due to its use of a debt instrument known as ‘exchangeable senior notes’, and which does not exist in Australia. Investors wanting to get a better idea of Atlassian’s actual profitability are urged to compare its operating income or free cash flow year-to-year. Company co-founder Mike Cannon-Brookes has previously observed that Australian investors tend to overvalue profits and undervalue growth.

CORPORATES
ATLASSIAN CORPORATION PLC

Investors set to profit from Aconex sale

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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

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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

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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

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

MYOB owner dismisses criticism from Xero

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Original article by Shaun Drummond, Sarah Thompson
The Australian Financial Review – Page: 11 & 17 : 1-Apr-15

US-based private equity firm Bain Capital will retain a controlling stake in MYOB when the software group debuts on the Australian sharemarket on 4 May 2015. The IPO is seeking to raise about $A830m, and shares in MYOB will be priced between $A3 and $A4 apiece. Rival accounting software group Xero has questioned MYOB’s claims about the size of its customer base

CORPORATES
MYOB TECHNOLOGY PTY LTD, BAIN CAPITAL LLC, XERO LIMITED – ASX XRO, CITIGROUP PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, MERRILL LYNCH (AUSTRALIA) PTY LTD, UBS HOLDINGS PTY LTD, ARCHER CAPITAL PTY LTD, HARBOURVEST PARTNERS

Atlassian fast tracks NYSE float

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 12-Feb-15

Australian entrepreneurs Scott Farquhar and Mike Cannon-Brookes are currently in 35th and 36th place on the "BRW" Rich List. However, their personal wealth is likely to increase significantly if Atlassian Software lists on the US sharemarket. The company has recruited former eBay executive Erik Bardman to fill the post of CFO. Atlassian president Jay Simons has given indications that the group could pursue an IPO in 2015

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, EBAY INCORPORATED, GENERAL ELECTRIC COMPANY, NEW YORK STOCK EXCHANGE, NASDAQ, ORACLE CORPORATION, SAP AG, IBM CORPORATION, MICROSOFT CORPORATION, COCHLEAR LIMITED – ASX COH, UNITED STATES. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, HORTONWORKS, NEW RELIC, BOX, CISCO SYSTEMS INCORPORATED, CITRIX SYSTEMS INCORPORATED

Schools turn to software to help catch plagiarists

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Original article by Benjamin Preiss
The Age – Page: 3 : 3-Sep-14

MacRobertson Girls’ High School is among more than 21 schools in Victoria that now deploy the Turnitin software to detect plagiarism by pupils. The makers of the program claim that it trawls through over 35 billion web pages to find any improper matches with the work handed in by students. Local distributor Aldis Associates says private schools are its main client base. MacRobertson principal Toni Meath argues that use of Turnitin allows the school to educate students on the need for original work, especially as they prepare for university

CORPORATES
ALDIS ASSOCIATES PTY LTD, MACROBERTSON GIRLS’ HIGH SCHOOL