PCAuction gets Spiked
Relaunching a company that was part of a major industry collapse is not an easy thing to do, but if anyone can pull it off it's Spike. Spike is one of the few survivors from the dotcom era that is still making a quid from Web development, and has just announced it has developed a new Web site from former Mercury Group subsidiary PCAuction. PCAuction was in need of new branding after the Mercury group fell apart earlier this year. The directors of PCAuction attracted new investors and have now relaunched the clicks-and-mortar operation with its new offline and online identity supplied by Spike.
Millions to Moveit
Adelaide-based freight specialist Moveit has attracted $2 million in equity from a group of venture capitalists. Moveit developed a carrier-independent Web-based freight-tracking system that uses instant messaging to track the management of shipped goods through multiple carriers. Moveit has already established relationships with the likes of Dom Logistics, Northtrans and Cork and Central Warehouse. The company plans to use the new funding to market itself to a wider range of clients across the country. Of the $2 million in funding, $300,000 was invested by South Australia's own VC group, Playford Capital.
Sol 6 confirms Keystone
Solution 6 has forked out $37 million in a share-swap deal to finally acquire UK-based software developer Keystone Solutions. Keystone competed with Solution 6 in the development of software for professional services organisations such as legal and accounting firms and the two companies have been in talks since December. As part of the acquisition, Keystone's London-based chief executive, Graeme Frost, will become managing director for Solution 6 in the Asia-Pacific region. Keystone's Australian and New Zealand managing director, Kaye Sycamore, has been appointed as president of global solutions.