Technology, Innovation & Science

Nextgen Group will start building its $120 million subsea cable in the Pilbara in December with a final completion date set for the first half of 2016.

Triplify claims to be "what's on guide for the world".

Perth-based national IT services provider Empired has expansion in its sights, after completing a $10.5 million capital raising on the back of strong year-end profit results.

Perth Internet provider iiNet has acquired a 60 per cent stake in New South Wales-based technology firm Tech2 Group for an undisclosed amount.

Australia Post wants a two-tier letter delivery service to help it staunch the bleeding in its loss-making letter delivery operations.

Foxtel will slash prices and revamp its channel offerings from November in the face of a surge in competition from internet streaming services.

Perth-based Marine safety equipment developer Mobilarm has signed a $1.8 million rental contract for the supply of the new sMRT V100 beacon and sMRT life jacket to the international fleet of geoscience organisation Polarcus DMCC.

A Perth start-up has captured the attention of global technology firm IBM, with indications an acquisition could be on the table.

Movie and TV streaming service Quickflix has blown out its full-year loss to more than $10 million after ramping up spending to attract new customers.

Bitcoin trader Digital CC has claimed a profitable entry into the computer-generated currency sector, highlighting a $630,146 profit for three and a half months of business, despite the vehicle through which it conducted a backdoor listing recording an $11.8 million loss for the financial year.

Perth-based mobile application developer Applabs Technologies is looking to spin-off its recently launched HomeOpen app into its own company, to facilitate an Australia-wide rollout.

Local IT firms reap rewards from innovative technology and public sector enthusiasm.

Financing group ThinkSmart has reported a six-month net profit of $11.3 million, up 391 per cent from its posted $2.3 million in full-year profit result in February.

More than a decade after leaving Perth, a local entrepreneur has returned west to drum up investment for his latest venture.

Kibaran Resources-backed 3D Graphtech Industries has entered into an agreement with the Commonwealth Scientific and Industrial Research Organisation to research the effectiveness of graphite and graphene inks in 3D printing.

iiNet has broken the $1 billion revenue mark for the first time following a 7 per cent growth in turnover, leading to a 19 per cent gain in underlying net profit.

Belmont-based event production and management services provider Corporate Theatre Productions has been sold to Presentation Technology for an undisclosed amount.

Perth-based ASG Group has announced plans to offshore 10 per cent of its workforce on the back of a return to profit for the 2013-14 financial year.

Australia's second biggest telco, Optus, has suffered a slide in profit and revenues during the first quarter of its financial year.

Telstra has increased its dividend after lifting its full-year profit by more than 14 per cent.

Oil and gas firm Coretrack has signed a licence agreement with Specialised Oilfield Services for its core level recorder system technology, which will give SOS exclusive rights to develop, operate, manufacture and sub-license the technology.

Black Fire Minerals has completed an $810,000 share placement to complete its reverse takeover of mobile game developer Animoca Brands Corporation.

Perth-based mining services firm Ausdrill announced today that its subsidiary Energy Drilling Australia would be mobilising its new $20 million high-tech rig, the Schramm T500XD Telemast.

Perth information technology company ASG Group has offloaded its flagship data centre about a year after putting it up for sale.

Shares in Amcom Telecommunications have fallen more than 5 per cent on the back of a significant decrease in profit growth for the 2013-14 financial year.

Online travel group Wotif.com has suffered a 15 per cent slide in its full year profit amid increasing costs and a fall in a accommodation bookings.

Telstra is taking a controlling stake in US video streaming and analytics platform Ooyala as it looks to expand beyond its traditional telecommunications business.

The Liberal Party in Western Australia has backed the introduction of new consumer-focused ridesharing applications such as global group Uber, which launched in Perth last month as an alternative t

FEATURE: A Perth migration services business has found an innovative way to overcome the uncertainty often associated with the visa application process.

FEATURE: Curtin University has introduced leading-edge technology to improve student retention.

FEATURE: Biotech and IT companies are enjoying renewed investor interest, but these innovative businesses are facing a changing capital raising market featuring less government support and, in Perth, a drastic shift in the venture capital sector.

Steven Goh's Asia-focused social networking business migme has launched on the Australian Securities Exchange following a reverse takeover of gold explorer Latin Gold.