Ellerston Capital has taken a stake in digital identity and verification player Data Zoo, in a deal that values the Sydney-founded business north of $100m.
has taken a minority stake in digital identity and verification player Data Zoo in a deal that values the Sydney-founded business north of $100 million.
It has grown organically over the past decade, gaining a foothold in Asia and its three-year revenue compound annual growth rate is more than 30 per cent. “I’m very proud of where I’ve been able to get the business to, but it’s at a stage now to take it to the next level as a true global player.” Prior to founding Data Zoo, Mr Fitzgibbon was an accountant before joining the family business Asis, which built databases for business to run marketing campaigns, which was sold to Nasdaq-listed Acxiom in 2000. In 2002, he founded FCS OnLine, which provided identity and anti-money laundering services and was acquired by Dun and Bradstreet in 2009.Mr Fitzgibbon said the investment from Ellerston will help catapult the company into the global market, while maintaining its connection to Australia.
David Leslie, the investment director of Ellerston JAADE, said the fund was attracted to a founder-led business digital ID verification as an enormous global growth opportunity.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CSIRO-backed Trellis Data shops convertible notes raise; seeks $100m value capThe convertible notes would pay 10 per cent a year, accruing daily and capitalised, with 24-month maturity.
Read more »
Sydney stabbings: ‘Violence is coming from the edge’: Sydney’s horror weekThe local playing out of foreign conflicts and tensions is also behind a national mood of alarm following 50 hours of horror in Sydney.
Read more »
Sydney bishop among multiple people allegedly stabbed at church in Sydney's south-westThe attack occurred on Monday evening at Christ The Good Shepherd Church in Wakeley, with graphic video showing the stabbing during a live steaming of the mass.
Read more »
Sydney man arrested over data breach involving 1 million customersPolice will charge a man with blackmail under investigations into a suspected New South Wales data breach believed to have put the personal information of more than one million people at risk.
Read more »
Data Centre Operator Buys Sydney Campus for $174 MillionA data centre operator has purchased a Sydney data centre campus for $174 million, as it aims to meet the increasing demand for data storage and artificial intelligence.
Read more »
Data breach seemingly exposes data of visitors to Clubs NSW venuesA data breach appears to have exposed the details of Australians who have visited clubs and RSLs in NSW, including prominent politicians.
Read more »