Two low-key Western Australian business people are set for a windfall outcome if a $1 billion takeover bid for Perth-founded mapping business Nearmap is successful.
Tony Grist, Gavin Rezos and Stephen Langsford are prolific dealmakers - they share the lessons they've learned over three decades and explain what they look for in new investments.
Bentley-based Spookfish has struck a takeover deal with its largest shareholder, US-based EagleView Technologies, which values the local tech company at $121.6 million.
Geospatial imagery company Spookfish has expanded its capture program into South Australia, while also increasing its coverage in the Melbourne metropolitan area.
SPECIAL REPORT: Navitas boss Rod Jones talked to Business News about the next chapter for the $1.8 billion education provider he founded, and his hopes for the technology ventures he's backing.
Jason Waller has been appointed chief executive of Spookfish. Mr Waller has extensive experience in defence, aviation, infrastructure, transportation and technology.
MiPlan has been named Techboard's highest trending startup in January, after the WA-based mine production management solutions company announced its acquisition by US-based Hexagon Mining for an undisclosed amount, as reported by Business News.
Ernest Massawe has resigned as a director of Swala Energy. Mr Massawe has been a non-executive director of the company since its incorporation in early 2013.
Tech entrepreneur Rob Newman and company director Ian Olson are leading the latest backdoor listing on the ASX, with their spatial data service Pointerra to join the exchange through a reverse takeover of Soil Sub Technologies.
Former Amcom Telecommunications chairman Anthony Grist has invested in listed tech company Decimal Software, which is seeking extra cashflow while awaiting the receipt of a research and development tax refund.
SPECIAL REPORT: Two years on, the surge in ASX backdoor listings shows little sign of slowing, helping innovative technology businesses in Perth, interstate and overseas to raise capital.
The wave of backdoor listings on the ASX has delivered nearly $90 million of extra capital to the tech sector in Western Australia, but the trend hasn't all been positive, research by Business News has found.
Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.
A surge in the number of backdoor listings was one of the few positives on the stock market in 2014, and two new deals for technology companies show there is more to come.
Perth-based explorer White Star Resources says it has raised about $5.1 million and completed due diligence on its acquisition of unlisted technology business Spookfish.
Subiaco-based White Star Resources, which is in the process of acquiring a technology business, will seek shareholder approval to increase its previously announced capital raising to $5 million, to accommodate a new prominent cornerstone investor.
White Star Resources has gained backing from Perth businessmen Rod Jones and Brent Stewart, who plan to invest in a $4 million capital raising to support the acquisition of Spookfish and Geospatial Investments.
Red Gum Resources and White Star Resources are the latest exploration companies to shift focus away from the resources sector, signing deals to move into geospatial imagery and internet travel bookings respectively.
