March 7, 2016 0 Comments
Sydney-based hipages, Australia’s leading marketplace for tradies, has acquired business directory StartLocal for an undisclosed amount. Startlocal was founded in 2008 and has previously received an undisclosed amount of funding from venture capital firm Right Click Capital. StartLocal has a database of over 180,000 local businesses and 600,000 monthly visitors, all of which will be added to hipages. According to hipages, the integration is good fit with its existing platform and gives the company “an opportunity to expand into other fields in the future.” The acquisition aims to further strengthen hipages’ leadership in Australia’s booming on-demand market.
You can read about the acquisition here.
December 9, 2015 0 Comments
June 2, 2015 0 Comments
After bootstrapping for a decade, hipages Group, Australia’s leading online marketplace for the home improvement industry has raised its second $4.6m (AUD$6 million) funding in 12 months, raising its total funding to $9.2m (AUD$12 million). The company connects consumers with licensed tradies who then quote on their home improvement jobs. It’s the leading player in the Australian on-demand home services category processing more than $1 billion worth of jobs over the past 12 months. In fact there’s a new job posted on hipages.com.au every 46 seconds!
The new funds come from previous investors that include Right Click Capital, Australian Ethical Investments and Ellerston Capital, joined by new investor Kestrel Capital. hipages Group is dominating the local market, while in North America there is fierce competition between Houzz, Porch and Thumbtack. Following on from the Menulog transaction in May, it certainly seems like the Australian on-demand space is heating up!
March 20, 2014 0 Comments
Sky Software acquisition highlights Australia’s booming tech sector
Once again, Australia has proven itself to be a fertile landscape for tech investments. In 2013, Australia closed 117 successful internet-tech deals, the third largest number of deals globally.
Since the start of this year, more than twenty Australian tech companies have been bought by local and international firms. Last week, Sky Software, a Geelong-based provider of cloud-based student management systems to education markets, was acquired for AUD$21 million by London-based Tribal Group PLC. Tribal is a leading provider of technology solutions to international education, training and learning markets. Leveraging on Sky Software’s presence and experience in the Asia Pacific, Tribal plans to expand its services in the region. As a combined entity, Sky Software and Tribal will have more than 500 customers in 60 countries and 17 offices across five continents. Sky Software’s deal is another point of proof that cross-border acquisitions are an increasing reality in Australia. Sky Software was advised by Right Click Capital, the publisher of Internet Dealbook.
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