SEATTLE, WA--(Marketwired - October 05, 2016) - Corum Group International, the leading global advisory firm for sellers of Internet, software and related technology companies, announced today that its client Punters.com.au, Australia’s largest digital racing publisher, is being acquired by News Corp Australia.
“Luc [Pettett, CEO] and the team at Punters.com.au have built a remarkable online business, in a market where betting and sports are an essential part of Australian culture” said Corum Vice President Dan Bernstein, who led the transaction. “We look forward to watching the combination of Punters.com.au with News Corp bring the business to a whole new level.”
“We’re very excited that News Corp will bring long-term security and further investment into the platform and continue to develop our vision,” said Pettett. “And we are grateful to Corum for ensuring we came together with the right partner who shares our vision of the growth of our business and the industry.”
“The acquisition of Punters.com.au deepens News Corp’s commitment to racing and provides our 16 million monthly audience with an even more complete and integrated online and traditional media fan experience,” said Michael Miller, Executive Chairman of News Corp Australasia.
“The success of Punters.com.au is typical of many of the exciting Australian technology companies we are working with,” said Andy Hill, Corum’s Regional Director for Australia and New Zealand, based in Brisbane. “Entrepreneurs who build successful companies in Australia have a unique opportunity in today’s increasingly global M&A market. We look forward to more conversations with technology company CEOs, owners and investors as a part of our tech M&A educational series in November.”
Corum Group will present the half-day tech M&A workshop “Selling Up, Selling Out” in Melbourne and Sydney on 8 and 10 November respectively, and the 90-minute “Merge Briefing” market update in Brisbane on 9 November. Each event will be held at the offices of event co-sponsor DLA Piper. Further details can be found at www.corumgroup.com/australia.
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and Internet companies worldwide. With offices globally, Corum has completed over US $7 billion in software M&A transactions over the last 30 years, spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. Corum's M&A advisors are highly experienced former tech CEOs, who are supported by the industry's leading researchers, writers and valuators. Corum also does much to educate the industry with its conferences and webinars and the industry's most widely distributed software and IT M&A research.
Punters.com.au is Australia's largest horse racing website. Based in Melbourne, Australia, the company was founded in 2008 and has grown into Australia's largest and most visited website for Form Guides, Tips and general horse racing news, reaching over 2M Australian horse racing fans every year.
About News Corp Australia
News Corp Australia is the country’s leading media company and a subsidiary of News Corp, a global leader in media and information services. With a diverse portfolio of websites, mobile sites and apps plus national, metropolitan, regional and community newspapers, the company reaches a monthly audience of 16 million Australians.
The Corum team was faced with a short window of opportunity, and deftly brought us to the table with the right contacts from several key players in our industry, creating a near auction environment that resulted in a very favorable outcome for SBT's shareholders.
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