INFORMATION TECHNOLOGY – AUSTRALIA

CBA shuffles executive ranks

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Original article by Michael Bennet
The Australian – Page: 23 : 2-Dec-14

The successor to Grahame Petersen as group executive for business and private banking at Commonwealth Bank of Australia (CBA) has been announced. Adam Bennett joined CBA in 2004 from consultancy AT Kearney to work in the IT division, and served as CIO during the core banking system overhaul that experts say has allowed CBA to become the leader in the use of banking technology solutions. The business banking unit is the second largest at CBA after retail banking

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AT KEARNEY AUSTRALIA PTY LTD, DEUTSCHE BANK AG, MACQUARIE GROUP LIMITED – ASX MQG

CBA backs university’s quantum leap

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Original article by Paul Smith
The Australian Financial Review – Page: 19 : 2-Dec-14

Research into the development of quantum computers at the University of New South Wales has been given a boost via a $A5m investment by the Commonwealth Bank. Michelle Simmons, the head of the university’s Centre for Quantum Computation & Communication Technology, says the investment will help Australia to maintain its status as a world leader in the technology. She is also hoping for financial support from the Federal Government

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UNIVERSITY OF NEW SOUTH WALES. CENTRE FOR QUANTUM COMPUTATION AND COMMUNICATION TECHNOLOGY

Tech funder on lookout for more start-ups

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Original article by Paul Smith
The Australian Financial Review – Page: 29 : 21-Oct-14

OneVentures will soon start making new investments through its Innovation & Growth Fund II, having already invested $A60 million in technology start-ups. OneVentures MD Michelle Deaker hopes the fund will reach the level of $A100 million by the end of 2014 or in early 2015. The fund will split its investments between technology companies and life sciences groups

CORPORATES
ONEVENTURES PTY LTD, THE MYER FAMILY COMPANY PTY LTD, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, THE CARLYLE GROUP, CALEDONIA INVESTMENTS LIMITED, VAXXAS PTY LTD, AIRTREE VENTURES PTY LTD

Start-ups focus for Telstra offshoot

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Original article by David Ramli
The Australian Financial Review – Page: 23 : 19-Aug-14

Australian telco Telstra is pursuing a strategy under CEO David Thodey of diversifying into technology start-ups, to prepare itself for the loss of revenue from the traditional telephony business. It has set up the muru-D incubator in Sydney and lifted its stake in US-based online video software provider Ooyala from 23% to 98% for $US270m ($A289m). Both will now be housed in the newly-incorporated Telstra Software Group entity, where the board consists of global enterprise and services group executive Brendon Riley, strategic finance group MD Cynthia Whelan and muru-D co-founder Charlotte Yarkoni

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, TELSTRA SOFTWARE GROUP PTY LTD, MURU-D PTY LTD, OOYALA INCORPORATED, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL INNOV8 PTE LTD, GARTNER GROUP INCORPORATED, WHATSAPP INCORPORATED, SKYPE TECHNOLOGIES SA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Oakton adds depth to Dimension

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Original article by Scott Parker
The Australian Financial Review – Page: 18 : 13-Aug-14

Todd Guyot of Moelis & Company says the proposed merger between Dimension Data Australia (DDA) and the listed Oakton is a good deal for both companies. DDA will pay $A1.90 per share, valuing Oakton at $A171m. DDA CEO Rodd Cunico says there are unlikely to be any job cuts as a result of the merger, which will creat a technology company with some 3,600 employees

CORPORATES
OAKTON LIMITED – ASX OKN, DIMENSION DATA AUSTRALIA PTY LTD, DIMENSION DATA HOLDINGS LIMITED, MOELIS AND COMPANY

Start-ups key as change batters the big four

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Original article by Damon Kitney
The Australian – Page: 15 : 4-Aug-14

Consultants at Ernst & Young and KPMG warn that large companies must seek strategic alliances with small start-ups in order to safeguard against digital disruption. A major sector in need of such an approach is that of banking in Australia, and the four main lenders are already facing competition by online payments businesses such as PayPal. However Brian Hartzer, CEO Australian financial services at Westpac Banking, argues the banks can themselves behave like start-ups. Kelly Bayer Rosmarin, group executive institutional banking and markets at Commonwealth Bank of Australia, also says they have an advantage in the shape of large stores of customer data

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, PAYPAL INCORPORATED, AMAZON.COM INCORPORATED, KPMG, ERNST AND YOUNG

Firms urged to ride $10bn internal tech wave

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Original article by Damon Kitney
The Australian – Page: 23 : 18-Jul-14

A new report argues that Australian companies could generate about $A9.3bn worth of extra value each year via greater use of "collaborative" technologies. These include popular social media sites such as Twitter and Facebook. The survey, which was undertaken by Deloitte Access Economics on behalf of Google, shows that 50 per cent of respondents have yet to implement a collaborative strategy

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, GOOGLE AUSTRALIA PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, XERO LIMITED – ASX XRO, WOOLWORTHS LIMITED – ASX WOW, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, KOGAN TECHNOLOGIES PTY LTD, FACEBOOK INCORPORATED, TWITTER INCORPORATED

Mining still dragging the chain on big data

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Original article by Matt Chambers
The Australian – Page: 20 : 4-Jul-14

The Australian mining sector is slow to adopt digital technology. WorleyParsons CEO Andrew Wood said that better use of data in design and construction can significantly reduce the cost and time of new projects. He said that project times could be cut by 20 per cent. The cost of design could be reduced by up to 70 per cent by re-using data from other projects. Total capital costs could be reduced by up to five per cent

CORPORATES
WORLEYPARSONS LIMITED – ASX WOR, THE MELBOURNE MINING CLUB, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

Banks still protected from start-ups

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Original article by Shaun Drummond
The Australian Financial Review – Page: 23 : 6/19/2014

Banks have spent billions on technology, but they are still vulnerable to competition from start-ups in the field of new banking technologies. The issue was discussed at a forum held in Sydney on 17 June 2014. Paul Bassat, co-founder of SEEK and Square Peg Capital, said that start-ups were particularly active in developing new technologies that facilitate payments and peer-to-peer lending. The position of banks is however so strong that disruption in the banking sector is not an immediate issue

CORPORATES
SEEK LIMITED – ASX SEK, SQUARE PEG CAPITAL PTY LTD, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, MACQUARIE BANK LIMITED – ASX MBL, KOGAN TECHNOLOGIES PTY LTD, GOOGLE INCORPORATED, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, PAYPAL INCORPORATED, TYRO PAYMENTS