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Technology

Enterprise IT

September

Why these tech companies’ M&A plans have stalled

It’s a tough environment for tech companies wanting to buy assets and grow. The disconnect between public and private markets is making it worse.

  • Tess Bennett
Westpac’s reins will be handed to business banking boss Anthony Miller in December.

Westpac’s accidental CEO hands successor a potential booby trap

Outgoing boss Peter King has been impressive turning the bank around after a scandal. But his replacement Anthony Miller has one tricky repair job to execute.

  • James Thomson
Robin Khuda’s is an incredible story of success, but he’s not done yet.

How Blackstone and AirTrunk plan to build a $100b business

The deal of the year? That’s old news for Robin Khuda, who is already thinking much bigger. It’s music to the ears of his new deep-pocketed backer.

  • Updated
  • James Thomson

August

Nvidia’s rivals are trying to take AI market share.

Chip challengers try to break Nvidia’s grip on AI

Cerebras, d-Matrix and Groq are among a group of smaller companies aiming to take a slice of the multibillion-dollar artificial intelligence hardware market.

  • Michael Acton and George Hammond
In January 2021, our report on the Voice’s design and potential models was released for public comment.

The $340m government IT disaster no one cared about

The idea was simple enough: one back-office system to better co-ordinate all government departments. A decade later, the plan has been abandoned at big public expense.

  • Tom Burton
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Atlassian founders $3.8b poorer as market punishes revenue miss

Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.

  • Tess Bennett

July

Tech meltdown revealed a fundamental flaw in plain sight

The global CrowdStrike breakdown revealed just how much of the global IT system is built on inherently unsafe code.

  • Tom Burton
Google planned to make Wiz a key part of its fight against Microsoft and Amazon Web Services.

Google’s biggest acquisition falls over as $35b offer rejected

Cybersecurity firm Wiz has turned down a mammoth takeover bid from Google’s parent company, Alphabet, sticking with an IPO plan.

  • Lynn Doan and Julia Love
CrowdStrike shares are down, but its long-term prospects look fine, according to investment experts.

Why investors see an opportunity in CrowdStrike shares

Australian stock pickers say a plunge in CrowdStrike’s shares after it caused a global outage represents a buying opportunity, with slim cyber pickings on the ASX.

  • Tess Bennett
Medibank is facing increasing legal challenges related to a 2022 data breach.

Huge cyber fines to be ‘Ford Pinto’ moment Australian business needs

The threat of business-crushing penalties could change the economics of storing sensitive data and cybersecurity investment.

  • Paul Smith
Home Affairs Minister Clare O’Neil is leading the government’s cybersecurity efforts in cabinet.

Cyber is our fastest growing national security threat: O’Neil

The Home Affairs Minister says Labor’s plans to boost Australia’s defences against increasing online risks are already delivering results.

  • Tom McIlroy

Big tech domination leaves Canberra, states ‘highly vulnerable’

According to some estimates, Microsoft’s Windows and its 365 suite of office software run on more than 80 per cent of federal and state government computers.

  • Tom Burton
A blue screen of death.

CrowdStrike failure raises billion-dollar compensation question

Insurers could bear the brunt of costly fallout from the global IT outage on Friday, as techies at companies worked over the weekend to get services back up and running.

  • Paul Smith and Ronald Mizen
ASX CIO Tim Whiteley is attempting to deliver a raft of tech upgrades.

ASX cuts back on overpaid tech contractors who were ‘taking the p---’

The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.

  • Paul Smith
The ASX board on Bridge Street in Sydney. The exchange is replacing four key systems, including CHESS.

The ASX faces a ‘ticking time bomb’ as technology upgrades delayed

The market operator is attempting to simultaneously upgrade several major systems, one of which is at an early stage and already seven months behind schedule.

  • Paul Smith
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ASX CEO Helen Lofthouse, had to pull the pin on the CHESS upgrade early in her tenure.

Regulator needed as ASX techies tinker with critical infrastructure

The ASX has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.

  • Paul Smith
Redactive co-founders Lucas Sargent, Andrew Pankevicius, and Alexander Valente have international ambitions after raising capital.

Ex-Atlassian insiders pull in millions for AI development start-up

Redactive has raised $11.5 million from local and US-based investors after convincing financial services clients to use it to help software engineers develop AI tools.

  • Paul Smith

May

MinterEllison CEO Virginia Briggs says rather than feel excluded by the firm’s AI program, some graduates are excited to work with the technology.

If AI can do the work of a grad lawyer, what does a grad lawyer do?

As tech increasingly takes on the legal grunt work, MinterEllison is trying to rethink the work and skills of its young lawyers.

  • Hans van Leeuwen

March

Dan Houden, CEO Task Group, met wit

Sydney family behind McDonald’s app worth more than $100m

A US-based rival has offered to buy ASX minnow Task Group, which was founded by Sydney’s Houden family in 2000.

  • Tess Bennett

How Metcash’s $80m tech upgrade blew out by $200m

A plan to replace nine IT systems with one Microsoft platform is a case study in how not to manage a large-scale tech project.

  • Tony Boyd