Friday, December 2, 2022

Pat Cummins and Sachin Tendulkar join ultimate cricket fan club Rario

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Rario, the first marketplace for officially certified digital cricket collectibles, announced its partnership with the captain of Australia in Test and ODI cricket, Pat Cummins to allow fans to own digital collectibles on Rario.com. Rario, a digital collectibles platform for cricket fans to collect and trade cricket NFTs (Non-fungible Tokens), also recently announced its partnership with legendary Cricketer Sachin Tendulkar, who joins the platform as a strategic investor.

HR tech firm Xref acquires employee engagement platform Voice Project

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Global HR tech platform Xref has acquired employee engagement tech firm Voice Project in a move that will allow it to compete with incumbent unicorns through a newly complete hire-to-retire solution for employers. The acquisition will drive Xref’s revenue forward by a forecast $4m, increase its headcount from 85 to 100, and open up Voice Project’s 944 not-for-profit, private, and public clients to Xref’s existing complementary suite of products.

David Chandler backs active lending to drive confidence in property market

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Speaking at an AltX event for the construction industry, NSW Building Commissioner David Chandler OAM said active lending could attract consumers and investors in the future. Real estate debt investments provider, AltX takes an active lending approach to all its investment opportunities, preserving capital while delivering quality construction products to market.

Lo Bros teams up with Ritchies and Drakes to tackle ocean waste problem

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Renowned drinks industry challenger Lo Bros has launched a new impact-led brand, Not Soda, with a mission to clean up our oceans. Retailers Ritchies and Drakes are the first to get behind the effort, with a goal to clean up two million plastic bottles from our oceans by 2025. Lo Bros’ Not Soda will feature heavily in up to 130 of the two retailers’ stores across the country, spearheading a new wave of planet-consciousness that consumers can get behind.

NetApp appoints Matthew Hurford as VP and Managing Director for ANZ

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NetApp®, a global, cloud-led, data-centric software company announced the appointment of its new Area Vice President and Managing Director for the business in ANZ, Matthew Hurford, the former Vice President of Solutions Engineering and CTO of Asia Pacific at NetApp.  NetApp has driven innovation in the cloud space over the past few years, including the acquisition of several tech businesses which specialise in technical and business optimisation of cloud services. The firm has continued to expand its market-defining position as a key partner and supplier in data centre modernisation, helping customers build powerful solutions for artificial intelligence, core business applications, smart factory, and containerisation.

Stonepeak and Spirit Super sign deal to acquire Victoria’s GeelongPort

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Stonepeak, an alternative investment firm specializing in infrastructure and real assets, and Spirit Super, an Australian industry super fund, announced the signing of a definitive agreement to acquire 100% of Australia’s GeelongPort Pty Limited (GeelongPort). GeelongPort is Victoria’s second largest port located about 75km southwest of Melbourne in Victoria’s largest regional city, Geelong. Stonepeak, on behalf of its managed funds and accounts, will hold a 70% interest in the entity and Spirit Super will have a 30% stake.

Global HR solutions company Deel completes PayGroup acquisition

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Deel has completed its $AU121m acquisition of APAC-based payroll and HCM company PayGroup Limited. PayGroup, a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange. Initiated in July 2022, the deal completion makes Deel a true leader in the payroll and human capital management (HCM) space. It furthers Deel’s mission of helping millions of people work for the best companies in the world.

Megaport appoints Jeff Tworek to the executive as Chief Revenue Officer

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Megaport​, a global Network as a Service (NaaS) provider, announced the addition of Jeff Tworek to the executive team as Chief Revenue Officer. Tworek will be responsible for overall revenue generation and will manage all aspects of Megaport’s global sales organisation. Mr Tworek brings over 30 years of cloud and networking industry experience operating business units in billion-dollar companies, including nearly 20 years at Akamai Technologies.

Why being prepared for cyber attacks should be top priority for Aussie firms

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With horror stories of cyber attacks in the headlines everyday, the risk of a cyber breach has moved from the hypothetical to being a very real and ever-present threat to Australian enterprises and their clients. In fact, according to Identity Defined Security Alliance (IDSA), 84% of organisations globally have experienced an identity-related breach in the last year.

Proposed regulation in BNPL sector could see higher costs for customers

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Aussie consumers have saved $102m with BNPL compared to standard credit options. The industry has delivered a ground-breaking payment system that buoys consumer spending, helping to create and retain 99,200 jobs and contributing over $14.3bn to the Aussie GDP. However, the debate on the BNPL industry has sparked new calls for regulation, threatening the unique model and benefits of BNPL. A recent options paper released by The Treasury argues that the current BNPL model is unsuitable as it permits unaffordable lending.