News

Office of CFO Software Market Update (September 2025)

Blackpeak are pleased to present a market update on the ANZ CFO-Suite software market which includes key trends on M&A and financings as well as a market map on industry participants.

With increasing technology disruption, the role of the CFO has evolved from a largely compliance-driven role to one that is integral to driving the strategic direction of a business.

Australia & New Zealand have produced an impressive list of success stories with the CFO-suite, with household names like Xero & Technology One becoming global leaders with deep ecosystems. More recently, there has been a new wave of leaders emerging with companies like Phocas, Indebted, Automic and Traild attracting significant investment and driving the next wave of transaction activity in the sector.

Blackpeak have significant experience in the office of the CFO software segment so please reach out to Scott Colvin (scott@blackpeakcapital.com.au) if you would like to discuss the report.

Blackpeak CFO-suite market update (Sep25) vf

Blackpeak advises and invests in Skutopia growth equity round

🚀 Deal Announcement

Blackpeak Capital is pleased to announce the successful close of a growth equity round for Skutopia.

We acted as exclusive financial advisor to the transaction and also participated in the round through our growth investment arm, Blackpeak Growth Partners.

Founded by Emily Townsend and Talea Bader, Skutopia has built a mission-critical e-commerce fulfilment platform that combines proprietary software with AI-powered robotics. Their unique end-to-end solution enables merchants to deliver with unmatched speed, quality, value and sustainability—addressing one of the most important pain points in online retail.

We are proud to support the Skutopia team as they continue to scale in Australia and beyond.

Read more in the AFR: https://lnkd.in/gMYAEjry

Blackpeak advises on RaptorTech growth equity raising

🚀 Deal Announcement

Blackpeak Capital is proud to have advised RaptorTech, a Perth-based mining technology platform provider, on its growth equity capital raising.

The round attracted strong investor interest, led by Fifth Estate Asset Management and supported by a leading global mining OEM, valuing RaptorTech at ~$40 million — as featured in the Australian Financial Review: Bootstrapped to $40m: mining tech RaptorTech lands external investment.

RaptorTech has developed a mining technology platform including fleet management and collision avoidance systems, delivered under an “as a service” model. This makes advanced mining technology accessible to small and mid-sized miners who traditionally cannot fund the large upfront costs of competing products.

Already deployed in operating mines in Australia and soon to expand internationally, the platform is driving productivity gains while improving mine safety through its leading collision avoidance system.

Founded and bootstrapped by Jean Ferreira and Aaron Locke, both former WesTrac mining technology specialists, RaptorTech is now poised to scale globally with the backing of its new investors.

We’re delighted to have supported Jean, Aaron, and the team on this important milestone.

🔗 blackpeakcapital.com.au

Categories: Blackpeak 40

Blackpeak 40 – applications close 12 September 2025

Are you one of ANZ’s top-performing private tech companies?

The Blackpeak 40 is now open for applications. We’re recognising the best private technology companies in Australia and New Zealand based on the Rule of 40, a key growth investor metric that balances revenue growth and profitability.

🏆 Winner receives: A complimentary strategic review valued at up to A$100k
📌 Eligibility: Private tech company, FY25 revenue between A$5m–A$100m
📅 Deadline: 12 September 2025

Apply now and showcase your growth story.
🔗 https://forms.gle/Xh1TxcrJgpoauPYu7

 

Blackpeak Capital SaaS/ software market update – March 2025

Blackpeak Capital SaaS/ software market update – March 2025

Blackpeak are pleased to present our latest SaaS/ Software sector update report with market data through to 28 February 2025.

Despite the market volatility in recent weeks, the report highlights an improving trend in SaaS and Software sector transaction activity across both M&A and capital raisings. We believe 2025 is poised for a further improvement in SaaS and Software M&A and capital raising activity underpinned by:

  • Improving SaaS and Software valuation multiples in 2024, despite a recent correction driven by global uncertainty, will provide a better backdrop for agreeing terms between buyers and sellers, facilitating M&A and capital raising activity
  • Inflation and interest rates peaking in 2024 and expected to decline further in 2025, supporting better acquisition financing terms and valuations for SaaS growth companies
  • Strong performance of the SaaS and Software sectors in the last 12 months with performance significantly exceeding the wider market, despite slowing average revenue growth rates since 2022
  • Investors continue to place a premium on revenue growth and profitability, with a strong correlation between trading multiples and the Rule of 40
  • Both strategic acquirers and private equity firms are expected to be very active, with strong interest in vertical SaaS companies with strong unit economics and growth
  • Private equity and venture capital funds are facing growing pressure to deploy dry power and distribute capital, driving activity on both the buy and sell sides

SaaS Sector Update – March 2025_vSent

For more information contact:

Scott Colvin

+61 416 335 455

scott@blackpeakcapital.com.au

Blackpeak Capital technology market update – March 2025

Blackpeak are pleased to present our latest ANZ technology market update report (see link below) with market data through to 28 February 2025.

Despite the market volatility in recent weeks, the report highlights an improving trend in technology sector transaction activity across both M&A and capital raisings. We believe 2025 is poised for a further improvement in technology M&A activity underpinned by:

  • Improving activity levels in 2H 2024 and early 2025 across both private equity and strategic buyers
  • Inflation and interest rates peaking in 2024 and expected to decline further in 2025 supporting better acquisition financing terms and valuations for long duration growth assets
  • Improving valuation multiples in 2024 providing a better backdrop for agreeing terms between buyers and sellers (ie. bid-ask spread on valuation is narrowing)
  • Private equity sitting on record levels of dry powder and need to deploy after several quiet years on below average activity

Blackpeak Technology Sector Update (March 2025) vF

For more information contact:

Scott Colvin

+61 416 335 455

scott@blackpeakcapital.com.au

Blackpeak advises Prime Ecosystem on its sale to CoreLogic (January 2025)

Blackpeak is pleased to announce that it acted as exclusive financial adviser to Prime Ecosystems on its sale to CoreLogic. Prime Ecosystem is an innovative software and IT services company specialising in solutions for the construction, restoration, and insurance industries. CoreLogic is a leading provider of property insights solutions. 

The announcement from CoreLogic is below: 

CoreLogic Announces Acquisition of Prime Ecosystem, Expanding Contractor Solutions Globally | CoreLogic® 

Cardiex Limited (December 2024)

Blackpeak is pleased to announce that it acted as joint lead manager to Cardiex Limited (ASX.CDX) $3.25 million placement. Cardiex is a digital health technology company specialising in non-invasive cardiovascular health monitoring solutions.  

The Company’s suite of products includes medical & home health devices, digital solutions for hypertension, cardiovascular disease, and other vascular health disorders – all based on the Company’s market leading SphygmoCor® vascular biomarker technology. Strategically positioned for transformative growth, Cardiex’s new FDA-cleared flagship product, the CONNEQT Pulse, and an expanding portfolio of innovative health technologies provide substantial opportunities in maternal health, cardiology, and preventative care. 

We look forward to supporting Cardiex on its CONNEQT Pulse US launch and its ongoing growth journey.  

Below is a link to the ASX announcement from CardieX: 

2924-02896287-2A1569238