The Sydney Morning Herald

Microsoft acquires Kiwi cloud computing firm GreenButton

Washington, US-based software giant Microsoft acquired Wellington, New Zealand-based cloud computing firm GreenButton for an undisclosed amount to incorporate it into the Azure public cloud platform to give companies remote access to software.

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Australian firm Nexvet scores $31.5M to expand clinical program for pets' health

Melbourne, Australia-based animal therapeutics developer Nexvet Biopharma scored $31.5 million in a funding round from investors and shareholders to expand its product portfolio and clinical program for pets' health.

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Melbourne IT adds web hosting firm NetRegistry in $50M deal

Melbourne, Australia-based web hosting provider Melbourne IT added Sydney-based web domain registry and web hosting firm NetRegistry in a deal valued at $50.4 million to combine two of the biggest web service businesses in the country.

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Australian online tailoring startup InStitchu expands to the UK

Sydney, Australia-based online tailoring startup InStitchu expanded to the UK by partnering with two London-based entrepreneurs who planned to open a similar business but instead bought a minority stake in the company's new UK subsidiary.

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Saracen picks up unloved Thunderbox mine in Western Australia for $20M

Perth, Australia-based gold mining and mineral exploration firm Saracen Mineral Holdings acquired Western Australia's unloved Thunderbox gold mine from Russian giant Norilsk in a deal valued at $20 million.

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Australia's GPT quits CPA takeover battle

Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.

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Paradice Investment Management acquires stake in Australian electronics seller Dick Smith

Australia-based boutique funds management company Paradice Investment Management has acquired a 5.14% stake in electronics retailer Dick Smith, according to a document filed with the Australian Securities Exchange (ASX).

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Swedish dog-to-human translator headset raises funding via Indiegogo

Swedish laboratory Nordic Society for Intervention and Discovery (NSID) has raised funding via Indiegogo to develop No More Woof, a headset prototype that translates dogs' thoughts into English.

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Australia's Goodman Fielder exits biscuit business at loss to Green Foods for $17M

As part of its goal to offload non-core assets, Australia-based food company Goodman Fielder had sold its biscuit business at a loss to Green's Foods in a deal valued at $17 million.

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Queensland sells USD350 million of Aurizon stake

The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.

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