Tag: software
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Microsoft apologises, offers refunds to nearly 3 million Aussies
Almost three million Australians will be offered refunds after a tech giant apologised for the way it charged customers to access its artificial intelligence tools. Microsoft Australia emailed the offer to software subscribers on Thursday and admits the pricing structure and plans lacked clarity and fell short of its standards. The apology comes 10 days…
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intelliHR battle ends with a 300 per cent windfall for shareholders
The Access Group (TAG) finally conceded and withdrew from the fight that had lifted shares from just over 6 cents at the start of the fight to 24 cents. The first bid for the company was at 11 cents a share. The successful bidder, Humanforce, already has 52 per cent of the company and has…
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Software company’s shares boom five-fold as contested takeover heats up
The takeover battle is between The Action Group and Humanforce who keep attempting to test the limits of each other with ever-increasing bids. Before the takeover bids were launched earlier this year, intelliHR was wallowing at 5 cents a share. It was a long way from the company’s peak in 2021 of 49 cents a…
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intelliHR backflips on takeover support after improved offer
The tussle for the Brisbane-based software company has raised the share price of the company from 6 cents in January to 22.5 cents. The backflip in support follows a bidder’s statement from Humanforce, which said it held 19.9 per cent of IHR, and would use that vote against the offer from The Access Group which…
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Big names follow CBA in taking a stake in Paypa Plane
A series-A funding round, led by QIC, has also brought in investors like Mastercard, Cuscal and Sprint Ventures. It follows the CBA last year taking a 20 per cent stake in the digital payments provider founded in 2018 by Simone Joyce and Jonathan Grant. The unspecified investment from QIC would come from the Government’s business…
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Takeover battle triples the price for Brisbane software company
Bidding for the company started at 11 cents a share but the Access Group and Humanforce have consistently upped their offers in an attempt to snare the software company which sells a platform for human resources companies. Humanforce holds 19.9 per cent of intelliHR and the Access Group revealed today that it holds 18 per…
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Tesla US recall over software speeding, crash concerns
Tesla will release an over-the-air (OTA) software update free of charge, and the electric vehicle maker said it is not aware of any injuries or deaths that may be related to the recall issue. The automaker said it had 18 warranty claims. The US-only recall covers 2016-2023 Model S and Model X vehicles, 2017-2023 Model…
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Huge Tesla recall prompts doubts over self-driving claims
The National Highway Traffic Safety Administration (NHTSA) says the Tesla software allows a vehicle to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner (which) increases the risk of a crash”. Tesla will release an over-the-air (OTA) software update free of charge, and the electric vehicle maker said it is not…
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Massive fine for ‘deceptive’ video game company
The US Federal Trade Commission said that it has secured the record-breaking settlements for two cases from Epic Games Inc. “Epic used privacy-invasive default settings and deceptive interfaces that tricked Fortnite users, including teenagers and children,” FTC Chair Lina Khan said in a statement on Monday. The company is refunding $US245 million ($A365 million) to…
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Profit nudges $100m as TechOne on track to double in size over next five years
The result was at the top end of the company’s guidance and based on the strength of its software-as-a-service business where its annual recurring revenue was 43 per cent to $192 million. “With our fast-growing SaaS business and the announcement of the end of our on-premises business, we are on track to hit our target…