I see NXZ listed software company Software of Excellence looks set to be bought out by a Northern hemisphere competitor and delisted.

There are two potentials here;

  1. The sellers take the money and reinvest it into new startups which will also, given time, scale up to be saleable on the world stage (Yippee that’s great hooray hurrah)  or
  2. They sell up, buy a brand new Bimmer, a lovely sea side back at Kaiteriteri and a Yacht and drop off the face of the planet. So that’s kind of OK for the car yard, the real estate and boat sellers but kind of bad for everyone else

So my take on the whole “build a TradeMe, sell it for $700mill an enjoy the process” dream? It’s all good so long as we manage to convince the sellers to reinvest domestically and not sit back and consider it a job done.

Good on ya Sam for continuing your investments when there is no real financial need to do so!

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

1 Comment
  • I’d say a bit of both 1 and 2 would be a fine thing.

    To be fair, founders usually don’t see all of the cash from a big trade sale. But there certainly is cash in the market looking for a home, from a number of sources. The hard part is identifying the (potentially) high value opportunities.

    Michael Hill seems to have found a good opportunity. Invest in building a world class golf course in your back yard and invite the world’s media to showcase the scenery to an audience of 200 million golf fans. Good one!

Leave a Reply