Jessica Aldred

Online business-to-business (B2B) trading site Bartercard has announced plans to float 18.5 per cent of the company in a public share offering on the Australian Stock Exchange (ASX). On May 10, Bartercard will seek to raise approximately AUS$20 million (US12 million) through the offer of 16 million shares at the public offer price of AUS$1.25 […]

The Federal Government’s export and investment body Austrade has recognised the achievements of five Australian software companies in an inaugural ceremony sponsored by the agency. Three Sydney-based software developers won DesignWorld awards, while a Wollongong firm and Adelaide-based Disc Australasia were also winners. Major winners were IQMS for its process management software iKnow, Presence Online […]

Internet provider Southern Cross has completed the final stage in the laying of its 29,000km purpose-built trans-Pacific Internet cable. The submarinefibre optic cable, which will provide a direct connection between Australia, New Zealand, Fiji, Hawaii and America, landed on Tuesday in Oregon. Southern Cross has been forced to delay its deadline to go live because […]

Online job portal Monster.com and ecorp plan to launch a joint venture career network in Hong Kong to gain a foothold into Asia. In a project that is 35 per cent owned by ecorp, the online arm of Kerry Packer’s Publishing Broadcasting Ltd., the pair will combine resources to push business opportunities in Asia. With […]

Three of Australia’s newest dot coms selected what may prove to be the worst day in the past decade to list on the Australian Stock Exchange, with all three suffering relative losses. With dire predictions forecasting a very ‘Black Monday’ following the plummet of the U.S. NASDAQ technology stocks on Friday, the companies went ahead […]

Global technology firm Coumputershare has the option to acquire 10 per cent of Web and workflow solutions provider MultiEmedia, after shareholders gave the deal a green light. Under terms of the agreement, Computershare can exercise the option at AUS$0.50 (US$0.30) per share at any time within 12 months, which if fully exercised would amount to […]

Looksmart and British telecommunications group BT have committed to develop a AUS$366 million (US$229 million) international joint venture in Sydney. BT Looksmart is set to launch operations in 19 countries across Asia and Europe throughout this year. It will focus on developing Wireless Application Protocol (WAP) and broadband services. Two Australian IT executives, Martin Lindstrom […]

Internet service provider Pacific Internet has entered into an agreement with Access1 to extend delivery of its high-speed access service to all Access1 subscribers. Pacific Internet will acquire the broadband services of multi-media service provider Access1 and provide the connection link via its backbone between Access1’s subscribers and the Internet. The deal with Pacific Internet […]

An auction site offering free classified adverts may soon challenge hard copy publications if figures are anything to go by. Internet auction site stuff.com.au has experienced a 48 per cent growth in new users each week in the three weeks since the service was launched, with page impressions registering a 16 per cent increase over […]

Asia-Pacific Internet business solutions provider Asia Online has raised a record AUS$100 million (US$60 million) in new investment from a consortium of technology and investment companies. Paribas Affaires Industrielles (PAI) leads the group of investors, which include ABN AMRO Capital Investment Asia, Dell Computer, CIBC, Hikari Tsushin, MF Private Capital, Paine Webber, and the Systex […]

Four investment banks in Australia have joined together in a project which will yield the first Australian and New Zealand Internet-based trading and research bonds portal. The yieldbroker portal is a joint initiative of Deutsche Bank, Saloman Smith Barney, Warburg Dillon Read and the Westpac Bank, and will offer online fixed income secondary trading and […]

The latest round of private capital raising by Sydney-based food and wine online retailer Shopfast has been oversubscribed for a second time. Both this AUS$12 million (US$7.2 million) injection and last November’s AUS$10 million (US$6 million) capital from institutional and private investors have been oversubscribed, with hi-tech investor J&W Seligman making the biggest contribution. ShopFast […]