A new focus on profits hasn’t stopped K1-backed Cyara’s M&A push

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A new focus on profits hasn’t stopped K1-backed Cyara’s M&A push
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The Melbourne-born tech company that holds the record for the largest VC raise by an Aussie business, Cyara, has paid up big for Irish company Spearline, in its second M&A deal in a year.

The Melbourne-born tech company that jointly holds the record for the largest venture capital raise completed by an Australian business, Cyara, has acquired an Irish communications testing company, in a deal understood to be worth upwards of $US100 million .

“While this eliminates the complexity of managing the hardware, there is new complexity in testing advanced features that come with these platforms, like AI, video and omnichannel. Cyara offers the only CX assurance platform that can address the complexity of these modern communications systems today, and in the future.”

Mr Kulkarni co-founded the company in 2006, alongside CTO Luan Tran and former executive director Bonny Malik.

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