Skip to main content

Companies on the Move

Datadog to accelerate business through new data centre in Australia

DATADOG Inc, the monitoring and security platform for cloud applications, has plans for a new data centre to be located in Australia and it is getting the ‘thumbs-up’ from major Australian clients including Flight Centre Travel Group and the employment platform Seek.

The data centre, which will be built on AWS, will be Datadog’s first in Australia and adds to existing locations in North America, Asia, Europe and AWS GovCloud. The Australian data centre will store and process data locally, creating sovereign capacity to help Datadog’s customers meet local privacy and security requirements and preferences. 

“As the ANZ chief technology officer at Flight Centre Corporate, I am watching Datadog unite our entire technology ecosystem into a single pane of glass — transforming us from reactive to proactive and elevating outcomes for every level of the business,” Grant Currey said.

Datadog currently works with more than 1,000 organisations in Australia and New Zealand. This includes companies in the banking and financial services, retail and ecommerce, software-as-a-service and technology industries, with public sector, healthcare and higher education representing key expansion verticals.

“With Datadog’s end-to-end observability, we can detect and address service quality across multiple business units. Ensuring we are proactively resolving issues before they become business critical for us,” Seek technology division group executive, Lisa Tobin said.

The new data centre will have Datadog’s full range of services available and is expected to open mid-year.

“Australia is a high-priority market for Datadog; we already have a strong employee base in-region and aim to create new jobs across various practices this year,” Datadog vice president for Asia-Pacific and Japan, Rob Thorne said. 

“Datadog has experienced surging demand in Australia and New Zealand. Analysts forecast IT spend will reach A$147 billion this year, with cybersecurity, generative AI and cloud services to receive significant attention. We are poised to support this appetite for advanced digital capabilities across the private sector, alongside the Australian Government’s ambitions to become a top three digital government,” Mr Thorne said. 

Datadog chief product officer, Yanbing Li said Datadog was continuing to invest in Australia and New Zealand, with the recent opening of the Melbourne office and the expansion of teams there “as well as in Sydney and Auckland”. 

“Australian companies are innovating rapidly and rely on Datadog to support their continued cloud investments, digital transformations and AI projects. For businesses in highly regulated industries like healthcare and financial services, hosting data locally is critical—a need we’re addressing with this new data centre.”

Ms Li said Datadog was used by organizations of all sizes and wide-ranging industries to enable digital transformation and cloud migration; drive collaboration among development, operations, security and business teams; accelerate time to market for applications; reduce time to problem resolution; secure applications and infrastructure; understand user behaviour; and track key business metrics.

www.datadoghq.com

ends

New Bionomics CEO explains novel social anxiety treatment

By Leon Gettler, Talking Business >>

SOCIAL ANXIETY is now a great problem. It happens to about 10 percent of the population globally, particularly younger people.

Social anxiety or social phobia is a persistent fear of social and performance situations.

The most common form is fear of public speaking.  It is typical for children, adolescents and young adults.

It is also prevalent because of social media. It affects people in their jobs, family gatherings or even going out shopping.

US based CEO of Bionomics, Spyros Papapetropoulos said if it’s left untreated, it will lead to a lot of complications down the road.

“It leads to social isolation, morbid depression, suicidality and even addiction,” Dr Papapetropoulos told Talking Business. Spyros Papapetropoulos Bionomics2

Stepping away from ‘antidepressants’

He said there were approved treatments for social anxiety. These are typically antidepressants.

“These medications have a very slow onset of effect,” Dr Papapetropoulos said.

“It typically takes about 30 days for these medications to start working and they have to be taken on a daily basis.

“Most patients do not experience long term benefits from these treatments. Only 30-40 percent respond to these treatments.

“Another important element I need to mention is the increased risk of suicidality while you are on these treatments if you are a young individual, particularly an adolescent.”

Bionomics specializes in mental health disease drugs especially anxiety, post-traumatic stress disorder (PTSD) and dementia.

Seeking ‘non-addictive non-sedating’ solutions

Dr Papapetropoulos said the ‘holy grail’ for pharma research in this area would be to find medication that was non-addictive and non-sedating.

Bionomics is now developing this sort of medication with its BNC210 product, which modulates the activity receptors that cause anxiety.

“How do we know that? We know through clinical trials,” Dr Papapetropoulos said. “There are imaging methodologies using functional magnetic imaging.”

This is done in an MRI machine.

“There is no evidence that it causes sedation, drowsiness, somnolence, fatigue and there is no evidence from the current work that it has an addicting potential.”

Dr Papapetropoulos said clinical tests of BNC210 showed it was not only effective in dealing with stress associated with public speaking but also in anticipation of the task.

“So if you look at the anxiety level of patients who participated in our trials, across the board, you see a reduction both in the anticipation of performing but also during the anxiety producing task,” he said.

Bionomics, Merck work on Alzheimer’s treatment

Bionomics also has a licensing agreement with Merck and Company for producing medication dealing with Alzheimer’s disease. It is aimed at improving cognition.

Merck funds all the research and clinical development costs and is responsible for any commercialization of any potential therapeutics.

“We have received $30 million so far in milestone payments,” Dr Papapetropoulos said.

“The total package can be up to $506 million over the years, both in milestones and royalties.”

Importantly, Bionomics now has new management – which Dr Papapetropoulos said could be totally transformative.

“We have plans to transform the company into being a leader in the anxiety space,” he said.

“We’re focusing on social anxiety disorder.

“We’re in the process of drafting a package to discuss with health authorities in the United States of the content of our late-stage program.” 

www.bionomics.com.au

www.leongettler.com

 


Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

https://shows.acast.com/talkingbusiness/episodes/talking-business-1-interview-with-spyros-papapetropoulos-fro

 


 

ends

Confidence Club helps relieve special needs

By Leon Gettler, Talking Business >>

MOST PEOPLE don’t talk about problems they have with incontinence. They’ll talk about other mental or sexual health issues, but incontinence is just never mentioned.

Which makes Confidence Club such a fascinating service. It’s online and it’s subscriber based. About 40% of Confidence Club’s business comes from subscribers and they make repeat orders.

Confidence Club also works with a lot of government programs like the NDIS and home care packages that don’t support subscriptions.

Extraordinarily, the business revenue has grown 900% since it was set up in 2020.

That’s just in Australia. It doesn’t include the company’s expansion into the United Kingdom (UK).

The incontinence products are not only for adults but also for kids aged between 4 and 15.

One million-plus products sold per year

“We have 60,000 customers who purchase from us in Australia,” Confidence Club co-founder Gavin Bessarabie told Talking Business. “We probably sell about a million pads at the moment. 

“The statistics show there’s over 5 million people in Australia who use incontinence products.”

He said it’s a condition that not only affects older people.

“It very much affects people of all ages and there are lot of different conditions that give rise to using incontinence products, including childbirth, menopause, a myriad of different co-morbidities.”

The interesting part about this is that these products often cannot be found in shops.

Personal service is the key

Mr Bessarabie said most people looking for incontinence products did not get the same level of help in a store, a supermarket or a pharmacy.

“The range is generally quite limited and the product quality is quite varying,” he said.

“It’s very hard to choose one from the other, there’s no standard scale.

“You can find a product but most of our customers tell us that nobody helps them choose a product. You can imagine if you walk into a pharmacy or a supermarket, nobody is going to help you choose the right product for your needs.

“It’s awkward. Certainly you know you’re not going to get help. If you ask, they’ll say ‘Try Aisle 5’. That’s about as much help as you’ll get.

“It’s a difficult product to buy a retail store,” Mr Bessarabie said. “Also, it’s very bulk. So if you’re not driving, and you have to catch a train or a bus, it’s a lot to lug home.

“A lot of our customers tell us they have mobility problems as well as incontinence problems. It’s challenging to buy in retail.”

Fulfilling international need

Confidence Club has now expanded into the UK. It’s an interesting model because the company it has no staff in the UK.

It has a warehouse partner but most of the product comes from Europe, so it’s easier to get there than it is in Australia.

Confidence Club is also planning to expand into France and other parts of Europe.

“If you look at the statistics, they have similar levels of obesity, levels of Alzheimers, levels of diabetes, all these conditions which play into incontinence and also an ageing population as well,” he said.

Mr Bessarabie said the business was built around customer service with 14 of the 20 staff members working in customer service.

“Our customer service people are friends with their customers,” he said.

www.confidenceclub.com.au

www.leongettler.com 


Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

https://shows.acast.com/talkingbusiness/episodes/talking-business-46-interview-with-gavin-basserabie-from-con


ends

Edge Impact joins RSK Australia to accelerate its 2030 sustainability mission

EDGE IMPACT, Australia’s full-service environment and sustainability consultancy that supports many blue-chip and government clients, has joined the international RSK Group.

The official statement from Edge said the deal would allow the company, and RSK, to accelerate its sustainability management impact “during this critical decade”.

The core of Edge Impact’s services are what it calls “fundamental sustainability services across environmental, social and governance (ESG), leadership and transformation, decarbonisation, life cycle and supply chain assessments, mandatory disclosure and reporting, climate resilience and the circular economy”.

On the Edge Impact team are scientists, strategists, economists, engineers and creatives. The company’s work is currently delivered from offices in Sydney, Melbourne and Adelaide in Australia, Auckland in New Zealand and Santiago in Chile. 

Edge Impact’s clients span all levels of Australian government, contributing to regulation and legislation, as well as multinational industry leaders across sectors including infrastructure, manufacturing, retail, travel and fast moving consumer goods (FMCG).

What RSK brings to the table

RSK is a global leader in the delivery of sustainable solutions. Its 2030 global strategy will see the business nearly quadruple its turnover from £1.2 billion at the end of FY23 to more than £5 billion in 2030.

The strategy will see RSK doubling its family of environmental and engineering businesses from 200 to 400 and increasing its headcount from 15,000 employees in 40 countries today to 40,000 people over the next six years. 

Australia is a key growth market for RSK. Within six years, RSK Australia is expected to increase its turnover from $240 million to $1.4 billion, with its Australian workforce growing from 450 to 5000.

RSK chief executive officer Alan Ryder said the decision to welcome Edge Impact into the group represented clear evidence of RSK acting on its intention to significantly expand its Australian operations.

“RSK will continue to invest in Australian businesses that are playing their part in delivering sustainable solutions,” Mr Ryder said.

“Edge Impact specifically is an excellent fit for RSK with its impressive track record of supporting blue-chip companies to develop and implement ESG strategies. We see countless opportunities for revenue synergies across the RSK Group and, in particular, with our businesses in Australia and the wider Asia Pacific region.”  

Edge more impactful

RSK Australia managing director Mark Haydock said, “With RSK’s global reputation for leading on sustainability, RSK Australia’s investment in Edge Impact makes perfect sense.

“RSK has a range of global businesses delivering for clients across the sustainability, ecology and biodiversity, waste and resources management sectors. We understand how crucial this work is to support businesses and governments and to drive the economies that support them.

“At RSK Australia, everything we do stems from a clearly defined purpose – to help our clients progress towards a resilient, future-ready Australia. Embedding sustainability within the heart of every business is essential and we are very clear about how we can support all our clients with bespoke science-backed guidance designed to meet their specific, strategic needs.

“We are confident that investing in Edge Impact will add great value to this commitment,” Mr Haydock said. 

Edge Impact chief executive officer Alison Rowe said joining RSK Australia offered the business the unique opportunity to achieve its full growth potential while remaining true to its core values.

“Within RSK Australia, we can realise the innovative growth we strive for while enjoying the support of a group that shares our values,” Ms Rowe said. “Achieving lasting sustainability impact is so important to the business that we have all worked so hard to create.”

The company’s founders, Jonas Bengtsson and Tom Davies said, “Since founding Edge in 2008, we’ve pursued a singular mission to catalyse sustainable economies for future generations. While we’ve steadily expanded our services and impact, we recognise that the climate crisis demands unprecedented scale and speed.

“This critical decade requires more than organic growth – it calls for bold collaboration and exponential impact. We believe that this is something we can achieve by joining forces with RSK’s ecosystem.”

About RSK Australia

RSK Australia’s multidisciplinary companies are engaged in a range of large environmental and infrastructure projects in Australia and New Zealand. The businesses are:

ADENCO – specialising in dewatering, water management and civil engineering.

Binnies Australia – an established name in the water sector, providing innovative solutions to complex engineering and environmental challenges.

EDP Australia – delivering health and safety, asbestos, property compliance, environment, sustainability and security services.

Extent Heritage – national heritage management and archaeological business.

Pensar – infrastructure solutions provider servicing a range of industry sectors.

Projence – an integrated project management and commercial services business.

SJA – advisory services, planning and programming, project management and quantity surveying for the construction industry

Western Project Services – project management services business specialising in the transport sector, primarily roads.

www.edgeimpact.global

www.rskgroup.com

 

ends

Secrets of property understood by buyers’ agents

By Leon Gettler, Talking Business >>

A BUYERS’ AGENT knows the property market better than most.

Sydney-based buyers' agent, Michelle May, principal from Michelle May Buyers Agents, said buyers’ agents had the advantage of understanding people, including what was driving vendors and agents. Property buyers have no idea about this sort of stuff.

She said the property market is not one market.  It’s many micro-markets.

Unless you understand what’s going on in particular suburbs and the types of property you are after, she said, you could be wasting a lot of time. That’s where a buyers’ agent comes in.

Growing up in North Africa due to her parent’s job, Michelle travelled the world from an early age. Moving to the UK at the age of 20 she held down a ‘normal’ job for 12 years, while also renovating and ‘flipping’ properties, starting with her first project at the age of 22. That’s when she discovered she had a passion for the property market. 

Landing in Australia in 2007 gave her the opportunity to transform her property passion into the well-respected business it is today. She educates her clients into making better property purchasing decisions, through her business.

She claims to have an 80 percent success rate at auctions.

“Going into auctions, people assume the people with the most money will get the job done and there is a certain truth to that,” Ms May told Talking Business.

“But I do think going in with an action plan will actually serve you very well and hiring someone like me who is not emotionally involved and who does this every weekend almost multiple times year in year out, I can certainly teach my clients a thing or two.”

Ms May said the property market was now 24/7 – “I don’t really have a life” – and more sales agents are putting properties on the market on Sundays because buyers are free, as there is no work or sport going on.

She said these days people had “an emotional connection with property” particularly owner-occupiers who happen to be most of her clientele.

“We do joke in the office that we are part buyers’ agents, part-psychologists/marriage counsellors,” Ms May said.

“There is a reason why people are reaching out to buyers’ agents like us because they realise it’s not a simple transaction. It’s not like walking into a Volkswagen dealership and saying okay, I’m going to have that one.

“Funnily enough, people do more research into what kind of car they’re going to buy than what kind of property they’re going to buy.

“So we can break it down and also tell them some hard truths. We cut through the wishful thinking, the bad advice they’ve received from the hairdresser’s brother’s cousin’s sister, and also all the headlines in the media as well.”

Ms May said buyers’ agents offer different types of services.

“We could be just the hired gun for the day,” she said. “You give me your budget, I show up at the properties, I use my strategies and bid on your behalf.

“It’s all the way through to a fully comprehensive service where we sit down with you, and if there’s a partner involved, we sit down and break down your needs and wants list.

“And we project manage it from there. We take you by the hand, we search off market properties, with what’s on the market, we inspect, we evaluate, we do a lot of due diligence.

“We co-ordinate all the different parties involved. We talk to your broker, we talk to your solicitor, we put you in touch with the right people as well.” 

www.michellemay.com.au

www.leongettler.com

 

Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

https://shows.acast.com/talkingbusiness/episodes/talking-business-40-interview-with-michelle-may-from-michell

ends

Health span is as important as life span – enter FutureLab

By Leon Gettler, Talking Business >>

SINCE Covid-19, the big focus everywhere has been on human ‘health span’ as well as life span.

To respond to questions being raised about potential health and life spans, Melrose Heath has set up FutureLab, creating Australia’s first over-the-counter range of longevity supplements.

Melrose Health CEO Nathan Cheong said the lab had essentially developed supplements addressing four health problems as we age: cardiovascular disease, cancer, neurodegenerative disease and metabolic health issues. 

The supplements have been launched with one of Melrose’s pharmacy partners, Chemist Warehouse, and also across other pharmacies and health food outlets, as well as online. People can buy these product anywhere through the Melrose Health’s online shop.

“I saw an opportunity to elevate a product range that hasn’t really been focused on in the Australian market,” Mr Cheong told Talking Business.

“As it happens, longevity is hot right now. Everyone is talking about health span versus life span, which ultimately means how you can function and do the things you do today in the later years of your life, so that you’re not living with disease, you’re not living with debilitation that stops you from doing the things you like to do,” he said.

“What we did was, we formulated a product range around those four drivers of disease and we’re probably Australia’s first brand to do that.

“The products that we launched are around cellular longevity which is the cornerstone of how we age, our DNA replication.”

The products include NAD Plus, or DNA Repair, to focus heart health and vascular health, as well as products pertaining to inflammation – which is a big factor in chronic disease – and a product around cellular health which is about the clearing of dead cells out of our systems.

Supplementing de-stress

There are also products addressing stress, people’s sleep and muscle health because “we know as we age our muscles catabolise (break down instead of grow).”

There are also products that address cognition and memory. There is another product around immunity.

The company also has another 10-15 products it intends to launch over the next 12 months.

“Over the course of the last 12 to 18 months, we’ve been scouring the globe for the best ingredients, the most bio-available ingredients to bring them together in a form that really doesn’t have any competition in the Australian market at this point in time,” Mr Cheong said.

It’s all part of the bigger picture of people taking steps to stay healthy as they age. The supplements are just that – they are not magic pills.

Holistic approach: more to it than pills

“As a qualified practitioner, I think the most important things about health span and life span is exercise, a combination of strength training and cardiovascular training, you need to be doing that at least five times a week,” Mr Cheong said.

“The next part is around diet and ensuring you have a diet that is predominantly whole foods and you take processed foods out of your diet. You take seed oils out of your diet and you take sugar out of your diet. And you have a high-quality protein source so that you can retain your muscle mass.

“And then there’s sleep, and sleep is important because it impacts so many areas of your life.”

The other pillar is having strong connections with family, friends and neighbours.

“If you’re doing those things, you’re doing extremely well,” Mr Cheong said.

“The supplements that we bring to the market are the icing on the cake. They’re the extra levers you can pull to optimise your heath span.”

www.melrosefuturelab.com 

www.leongettler.com

    

Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

https://shows.acast.com/talkingbusiness/episodes/talking-business-36-nathan-cheong-from-melrose-health-group

ends

Aussie companies are M&A targets – and with good reason

By Leon Gettler, Talking Business>>

DESPITE a post-Covid slowdown in mergers and acquisitions (M&A) activity, partly in response to global economic conditions and political uncertainty, M&A deals are now on the rise in Australia.

Nexia Australia’s corporate advisory partner, Brent Goldman said Australia had a tendency to “punch above its weight” in global markets.        

“If you look at overseas companies coming here, the US always buys in Australia,” Mr Goldman told Talking Business.

“They’ve been a consistent purchaser of companies and a lot of times that’s in the software type services type industries. So there’s definitely an ongoing (interest in) businesses with skill sets, recognising the talent we do have in Australia,” he said. 

This ‘buy Australian’ activity also adds to the growth of the overseas businesses.

Why Australia is an M&A destination

But this, he said, was part of Australia’s strength and why it remains so attractive to offshore companies and private equity.

“We have limited resources in Australia so we’re always trying to find solutions to problems,” Mr Goldman said.

“And so we end up finding smaller companies with skill sets to solve problems that larger companies cannot do.

“That’s just the nature of our culture and also our education.”

Mr Goldman said some of the major M&As were going on in the construction and engineering space.

There was a reason for that.

“You can see that as being defensive,” he said. “That’s an industry that’s been struggling.”

The next biggest sector in M&As in Australia was in software services and, rather than the hot-button of the moment – artificial intelligence (AI) – it was actually more related to cyber security companies, Mr Goldman said.

The third biggest sector for Australian M&As was in the consumer discretionary area, notably around pubs.

US and UK companies know M&A value here

The consistent buyers of Australian businesses are US and UK companies.

Of these, 32 percent were US buyers and 17 percent were UK buyers. In other words, nearly half the M&As in Australia were from the US and UK.

Mr Goldman said many of the acquisitions were in software services or in media and entertainment.

“You can see the countries that thrive with the potential synergies there,” he said.

While many of the buyers were corporate, they were also often backed by private equity.

Looking ahead, he said the next few years would be a continuation of the current trend.

He said the transactions would take longer to finalise “as everyone tries to deal with the uncertainty in the background”.

However, entrepreneurs will want to “start moving forward again”.

“Once we get through these next six-to-12 months, and hopefully in the new year, we’ll see the activity pick up as we put a lot of the uncertainty behind us,” Mr Goldman said.

“Whether you like what will happen or not, at least you’ll know. You’ll be able to make decisions with some certainty or stronger views and then.”

Mr Goldman said while there were many different views about what lies ahead economically, politically and with business, that diversity of views will create transactions.

“It’s about the economy and people in jobs and creating that level of activity so that people will feel confident to start transacting again and building businesses and that create opportunities for all,” Mr Goldman said.

www.nexia.com.au

www.leongettler.com

 

Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

https://shows.acast.com/talkingbusiness/episodes/talking-business-29-interview-with-brent-goldman-from-nexia-

ends