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Australian Stories

Cirrus Networks revenue continues climb; company inks new deal
DataCentre infrastructure

Cirrus Networks revenue continues climb; company inks new deal

Cirrus Networks revenues for FY16 are up, but heavy investment has seen the company post a loss for the year. Meanwhile, it announces another new deal.

By Heather Wright • 2 min read • Wed, 31st Aug 2016

Global Stories

Up to $2.4 million shortfall in the collapse of IndeServe
Data Analytics

Up to $2.4 million shortfall in the collapse of IndeServe

Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.

By Sean Mitchell • 2 min read • Fri, 1st Jul 2022
QBE Insurance Group appoints Christopher Bannocks as group chief data officer
Data Analytics

QBE Insurance Group appoints Christopher Bannocks as group chief data officer

QBE, the global insurer, appoints Christopher Bannocks as Group Chief Data Officer to define and implement company's data strategy and agenda.

By Zach Thompson • 2 min read • Fri, 3rd Jun 2022
Longstanding Kiwi field service contractor Indeserve in liquidation
Data Analytics

Longstanding Kiwi field service contractor Indeserve in liquidation

IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.

By Zach Thompson • 3 min read • Fri, 3rd Jun 2022
Vector Capital to be majority shareholder of WatchGuard
Firewalls

Vector Capital to be majority shareholder of WatchGuard

WatchGuard Technologies has announced it has entered into a definitive agreement with Vector Capital to make a large new equity investment in the business.

By Zach Thompson • 3 min read • Wed, 4th May 2022
Energy sector leads turbulence across global economy
Stock Market

Energy sector leads turbulence across global economy

Exxon Mobil – the largest United States oil and gas company – suffered the hardest hit, losing a market cap of US$82.02 billion in the last six months.

By Staff Writer • 2 min read • Mon, 6th Jul 2020
US oil & energy providers hit by plunging market cap in 1H 2020
Stock Market

US oil & energy providers hit by plunging market cap in 1H 2020

As the COVID-19 coronavirus pandemic continues to lead many market sectors into turbulence, the energy sector has not escaped unscathed.

By Staff Writer • 2 min read • Fri, 19th Jun 2020
Global shareholders sue 'leading' China data centre operator GDS
Hyperscale

Global shareholders sue 'leading' China data centre operator GDS

The lawsuit believes GDS has been engaged in a 'ruse' to enrich insiders by acquiring data centers that aren't as valuable as the company claims.

By Ashton Young • 3 min read • Wed, 3rd Oct 2018
Aconex shareholders vote in favour of Oracle acquisition
Software

Aconex shareholders vote in favour of Oracle acquisition

Aconex shareholders have overwhelmingly approved Oracle's AUD $7.80 per share acquisition offer, valuing the deal at USD $1.2 billion.

By Sean Mitchell • 2 min read • Thu, 15th Mar 2018
Wynyard Group goes into voluntary administration
Wynyard Group

Wynyard Group goes into voluntary administration

Cyber security firm Wynyard Group has gone into voluntary administration, according to a statement from the company.

By Sam Worthington • 2 min read • Wed, 26th Oct 2016
EMC shareholders approve Dell merger with 98% of votes
Network Infrastructure

EMC shareholders approve Dell merger with 98% of votes

EMC have announced that its shareholders have approved the Dell merger agreement with 98% of voters in favour.

By Sam Worthington • 2 min read • Mon, 25th Jul 2016
Dick Smith shareholders told there's nothing in the bank for them
Dick Smith

Dick Smith shareholders told there's nothing in the bank for them

Dick Smith shareholders won't be recouping any of their investment, with administrators this week confirming the cupboards are bare.

By Heather Wright • 2 min read • Fri, 24th Jun 2016
Jade Software resilient through diversification and investment strategies
Software Development

Jade Software resilient through diversification and investment strategies

Jade Software has successfully gone global, using diversification and investment strategies that have paid off, the company reports.

By Sara Barker • 3 min read • Thu, 26th May 2016
Symantec CEO exits as company reduces revenue forecast
Cybersecurity

Symantec CEO exits as company reduces revenue forecast

Symantec chief executive Michael A Brown is exiting the company, with the vendor also revising its Q4 revenue forecast downwards by US$12 million.

By Heather Wright • 2 min read • Fri, 29th Apr 2016
Wynyard inks $27 million deal with national security bureau
Cybersecurity

Wynyard inks $27 million deal with national security bureau

The Auckland-based company will provide its security solutions to help the bureau solve high consequence crime, security and big data problems.

By Shannon Williams • 2 min read • Mon, 11th Jan 2016
CSC to acquire UXC in $428 million deal
IT services

CSC to acquire UXC in $428 million deal

CSC is in negotiations to acquire UXC in a $428 million deal which would create one of the region's largest IT services companies.

By Heather Wright • 2 min read • Tue, 6th Oct 2015
Mako Networks debts top $30 million; $25m deficit expected
Physical Security

Mako Networks debts top $30 million; $25m deficit expected

​Failed network management company Mako Networks has liabilities of more than $30 million, with an estimated deficit of $25m expected.

By Heather Wright • 3 min read • Wed, 9th Sep 2015

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