Investment Summary

Blue Sky Private Equity Exits Readify

On July 4, 2016, Telstra invested in software company Readify from Blue Sky Private Equity

Investment Highlights
  • This is Telstra’s 3rd transaction in the Software sector.
  • This is Telstra’s 8th transaction in Australia.

Investment Summary

Date 2016-07-04
Target Readify
Sector Software
Investor(s) Telstra
Sellers(s) Blue Sky Private Equity
Deal Type Add-on Acquisition

Target

Readify

Docklands, Australia
Readify Ltd. is a provider of application development and software focused consulting and managed services.

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Investor(S) 1

Investor

Telstra

Melbourne, Australia

Category Company
Founded 1901
Sector Communications
Employees30,553
Revenue 22.7B AUD (2025)
DESCRIPTION

Telstra provides telecommunications and information products and services through its Australian and offshore operations. TLS has a wide range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international. Telstra was founded in 1901 and is based in Melbourne, Australia.


DEAL STATS #
Overall 14 of 20
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 15
Country: Australia M&A 8 of 12
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 CBO Telecommunications - Mining Communications Technology Services

Banyo, Australia

CBO Telecommunications - Mining Communications Technology Services is a network design and consulting services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 MSC Mobility Pty

Sydney, Australia

MSC Mobility Pty Ltd. is a provider of enterprise mobility solutions. MSC provides mobile device management and provisioning services for large organisations, including providing devices and support to end users, and professional services, including strategy consulting and mobility solutions design.

Buy -

Seller(S) 1

SELLER

Blue Sky Private Equity


Category Asset Manager
Founded 2006
PE ASSETS 3.4B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Sky Alternative Investments Limited is a publicly traded alternative asset manager focused on private equity, real assets, real estate, and hedge funds. Blue Sky’s Private Equity team provides growth capital and late-stage venture capital to rapidly growing businesses. The Firm looks to partner with companies and provide them with expertise, capital and resources. For growth capital commitments, Blue Sky looks to commit $10 to $50 million per transaction and for late-stage venture opportunities, the Firm looks to $1 to $30 million per transaction. Blue Sky was formed in 2006 and is headquartered in Brisbane, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 ORIGO Education

Caboolture, Australia

ORIGO Education covers all facets of elementary mathematics education, from traditional printed products to digital interactive resources and professional learning. ORIGO Education was founded in 1995 and is based in Caboolture, Queensland.

Buy -