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Categories: General

Australian Financial Review: WiseTech Global increases profit 368pc

Logistics software technology company WiseTech Global’s global growth strategy of mixing organic growth with target acquisitions is reaping rewards, with the business growing its net profit by 368 per cent to $14.5 million.

The company made its first acquisition as a public company only a month after listing and since January it has acquired another two companies, the most recent being Italian customs compliance technology company ACO Informatica for $1.65 million.

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Categories: General

Australian Financial Review: Aussie HR tech firm ELMO Talent Management seeks $40m ASX listing

Australian human resources software company ELMO is eyeing a $40 million float on the Australian Securities Exchange, 15 years after it started its growth in a dimly lit bunker.

When Danny Lessem founded the cloud-based software company in 2002 with co-founder Manuel Garber, ELMO was an e-learning platform and the term “cloud” had yet to enter everyday vernacular.

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Categories: General

Australian Financial Review: Tech IPOs best performers on the ASX in 2016

Tech stocks that listed on the ASX in 2016 have comfortably outshone their counterparts from other sectors, with stronger returns for shareholders in their first year of public life.

A new report from OnMarket BookBuilds, a platform that gives retail investors access to initial public offerings, found there were 25 tech listings in 2016, which delivered a 69.5 per cent return to investors.

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Categories: General

Australian Financial Review: ELMO Talent Management hires Blackpeak Capital to consider IPO

Cloud-based human resources company ELMO has hired boutique adviser Blackpeak Capital to consider capital raising initiatives, including an initial public offering.

As revealed by Street Talk on Wednesday, fast-growing ELMO, which snapped up e-learning provider Techniworks Action Learning last month, may seek to raise $40 million. It plans to expand into the United States within the next 12 months.

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