Exit Strategy

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High-profile startup Ninja Blocks pulls the plug as money dries up

5:00PM | Monday, 11 May 2015 | Kye White

Internet of things startup Ninja Blocks has shut down after running out of money. Founded in 2012, it was a graduate of the Startmate accelerator program.

Exit Strategy

Australian web design startup Elto acquired by GoDaddy

4:22AM | Tuesday, 14 April 2015 | Broede Carmody

Aussie web design marketplace Elto has been snapped up by domain registration company GoDaddy for an undisclosed amount.

 | Sell a business  | Exit Strategy

Oneflare acquires customer reviews site WOMO ahead of international expansion

2:15AM | Tuesday, 17 February 2015 | Broede Carmody

Local services marketplace Oneflare has announced it has acquired Australia’s largest customer reviews website, Word Of Mouth Online (WOMO), for an undisclosed amount.

 | Exit Strategy

SydStart acquired by Freelancer

11:47AM | Tuesday, 4 November 2014 | Kye White

One of Australia’s longest running startup conferences, SydStart, has been acquired by Australian startup Freelancer.

 | Growing  | Exit Strategy

TripAdvisor deal marks long journey to exit for Viator founder Rod Cuthbert

7:45PM | Monday, 28 July 2014 | Kye White

Last week, tours and activities company Viator, which was founded by Rod Cuthbert in Australia in 1995, entered into an agreement to be acquired by TripAdvisor for $200 million, predominantly in cash.

 | Exit Strategy

Could Google’s next acquisition be Australian?

5:51AM | Thursday, 22 May 2014 | Bronwen Clune

In what could be good news for Australian startups, various media reports suggest Google told US regulators that it could spend as much as $30 billion of its offshore cash reserves to buy foreign companies or technology rights.

 | Exit Strategy

Start-ups in Canberra area set to benefit from sale of high tech company

2:00AM | Wednesday, 12 February 2014 | Gavin Lower

Start-ups in the Canberra region could be in line for a funding boost after a high-tech company set up by the Australian National University and University of NSW was sold for $76 million.

 | Exit Strategy

Apple acquires one-man photo start-up SnappyLabs

1:41AM | Monday, 6 January 2014 | Rose Powell

Apple has acquired Australian entrepreneur John Papandriopoulos’s start-up SnappyLabs, publisher of the rapid fire photo app SnappyCam.

 | Technology  | Exit Strategy

Gem Accounts attracts million-dollar investment: how to sell a stake in your business while you’re still in beta

10:01PM | Thursday, 10 October 2013 | Rose Powell

SimPRO Software has this week announced the acquisition of a 30% stake in Gem Accounts, an accounting software platform that is just over four months old.

 | Exit Strategy

Navigating acquisition proposals: Connect2Field founder shares his advice

9:43PM | Monday, 23 September 2013 | Gavin Lower

It was a message from a LinkedIn connection last year that started the process for Connect2Field founder Steve Orenstein to sell his business software service company to global fleet management corporation Fleetmatics last month.

 | Exit Strategy

How Freelancer.com’s $US400 million takeover offer compares with other recent tech deals

9:08PM | Wednesday, 11 September 2013 | Gavin Lower

Freelancer.com’s $US400 million takeover offer has attracted plenty of attention. Here are some other big tech deals from the past year.

 | Growth  | Technology  | Exit Strategy

Freelancer.com's $US400 million takeover offer: Four secrets behind Matt Barrie’s success

9:33PM | Wednesday, 11 September 2013 | Patrick Stafford

Freelancer founder Matt Barrie is sitting pretty. The tech entrepreneur has built his Freelancer.com business into a $US60 million powerhouse, and is now courting an offer worth $US400 million from Japanese recruitment group Recruit Co.

 | Exit Strategy

Freelancer.com receives US$400 million takeover offer: Report

9:14PM | Tuesday, 10 September 2013 | Gavin Lower

Australian-based outsourcing website Freelancer.com is reportedly the subject of a US$400 million takeover offer from Japanese recruitment site Recruit Co.

 | Technology  | Social media  | Websites  | Exit Strategy

Australian in global pitching final asked “most oddball question ever heard from a judge”

8:49PM | Tuesday, 13 August 2013 | Rose Powell

The first question Slidefish founder Neil Smith received after pitching at a recent global pitching event was one of the oddest the organiser’s chief executive, Adeo Ressi, had heard.

 | Growth  | Sell a business  | Financing a business  | Venture Capital  | Exit Strategy

THE NEWS WRAP: Billabong shares dry up as Altamont and Sycamore walk away

6:07AM | Wednesday, 5 June 2013 | Andrew Sadauskas

Shares in embattled surfwear giant Billabong plunged 49.5% to just 23 cents after private equity firms Altamont Capital and Sycamore Partners walked away from takeover talks.

 | Business  | Exit Strategy

Early succession planning can boost business sale price: Institute

6:12PM | Monday, 3 June 2013 | Rose Powell

Australian start-ups need to focus on succession planning from as early as possible if they want to reap maximum business rewards, says Craig West, chief executive and president of the Australian chapter of the Exit Planning Institute.

 | Growth  | Growth Strategy  | Sole trader  | Exit Strategy

Ford stops manufacturing in Australia, scraps 1200 jobs – SMEs out in the cold

5:49PM | Thursday, 23 May 2013 | Patrick Stafford

Ford announced this morning it will cease all manufacturing in Australia by 2016 and cut 1200 jobs in the process in one of the largest shake-ups to the local automotive sector in several years.

 | Exit Strategy  | Business Grants  | Government and Regulation

How to spot a start-up dud

5:10PM | Tuesday, 21 May 2013 | Zina Kaye

A good entrepreneur knows it is better to kill a failing start-up than to throw away more time, energy and money trying to keep it alive. Here’s the inside story on how several bright ideas were put to the sword.

 | Planning  | Business planning  | Growth  | Growth Strategy  | Exit Strategy

Tumblr faces user backlash following $1.1 billion acquisition by Yahoo!

5:00PM | Monday, 20 May 2013 | Michelle Hammond

Microblogging platform Tumblr is facing user backlash over its reported $1.1 billion acquisition by Yahoo!, amid concerns its new owner may damage or even destroy the Tumblr platform.

 | Growth  | Growth Strategy  | Exit Strategy

Facebook eyes Israeli mapping start-up Waze in $1bn deal

5:29PM | Friday, 10 May 2013 | Michelle Hammond

Another $1 billion acquisition could be on the cards for Facebook as it eyes Israeli start-up Waze, a mobile navigation app that would give Facebook a mapping service, allowing it to better compete with Google and Apple.

 | Growth  | Growth Strategy  | Exit Strategy
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