BRIEFS

The article says there is no single formula for tech companies: one Melbourne-based venture turned a profit after nine months, while another, after seven years and global expansion, doubled both its revenue and its losses.

According to the article, the Melbourne-based venture turned a profit after nine months.

The article notes another technology company that expanded globally and, after seven years, doubled both its revenue and its losses.

The article reports that taxi passengers are starting to pay fares with smartphones via taxi app developer goCatch, and that nearly 1,000 fares were paid nationally since December.

The taxi app developer goCatch is cited in the article as the company reporting smartphone fare payments by passengers.

Based on the article, investors can note that mobile taxi payments are emerging in Australia — goCatch reported nearly 1,000 smartphone-paid fares nationally since December, indicating early traction in this niche of mobile payments.

Canberra Data Centres is named as the new data centre host for the Department of Foreign Affairs and Trade (DFAT). The hosting will allow DFAT to consolidate and modernise its core applications and support development and operation of Australia’s new passport system.

The article highlights that DFAT selected Canberra Data Centres to support critical systems like the new passport system, showing government demand for data centre services and modernisation — a concrete example investors can watch when assessing opportunities in data centre and government IT providers.