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Queensland tech company exits

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Malcolm Burrows

For most entrepreneurs, the dream of building an enterprise and exiting is somewhat of the “Holy Grail“.  With the Holy Grail in mind, Brisbane and South East Queensland has been host to some significant technology business sales over last decade.  Below is a list of just some of the technology company exits which we are aware of and a link to the source where the sale was publicly reported:

BusinessSale or Exit DateServicesSale AmountBuyer or ExitSource
Wotif.com2014Accommodation ServicesA$703 millionExpedia (US)Financial Review
Ezidebit2014Electronic payments processing businessA$305 millionGlobal Payments (US)Courier Mail
Neural Networks2014Communication and data servicesA$350,000Inabox GroupInabox Media Release
We Are Hunted2013Tracks world’s most popular emerging songs on a social web in real-timeA$20 million (speculated)TwitterAliagroup
Pipe Networks2009Leading provider of wholesale and corporate telecommunications infrastructureA$373 millionTPG TelecomTPG Telecom
Devnet2011Cloud computing solutions provider, Google partner and apps specialistUndisclosedCloud SherpasCloud Sherpas
Digicon2013Digital consultancy firmUndisclosedDeloitteDeloitte
Big Bridge2013Digital marketing and video production houseUndisclosedSpeedwellSpeedwell
CVS Dude/Codesion2010Agile application lifecycle managementUndisclosedCollabNetCollabNet
BlueFreeway2007Global digital and interactive marketing communicationsUndisclosedExitBlueFreeway Media Release

If you know of any other technology company exits, please let us know, and we will update the table above.  Let’s prove that Brisbane and South East Queensland leads the country for sales and exits of Technology Companies!

Further information

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Disclaimer

This article contains general commentary only.  You should not rely on the commentary as legal advice.  Specific legal advice should be obtained to ascertain how the law applies to your particular circumstances.


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