As Australia’s listed tech giants surge to all-time highs, mid-sized listed software companies are struggling to buy assets that can help them grow in overheated private markets.
“M&A is proving difficult to get over the line,” says Jules Cooper, senior technology analyst at Shaw and Partners. “The divergence between public and private valuations and the influence of private equity is making life hard.”
Tess BennettTechnology reporterTess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
