It was supposed to be a triumphant stock exchange debut for Australia’s leading online shop but not so. Shares in online discount retailer Kogan crashed by more than 16% in their first day of trading on the ASX on Thursday, plunging from the IPO price of $1.80 to just $1.50 when the market closed.

A decline in communications spending has been forecast to drag down Australasian and global IT spending for 2016, while IT services will be a growth area, according to a new report from analysts at Gartner. Despite this the forecast spend in Australia has been revised upwards due to the weaker Aussie dollar.

Medibank has assured its customers it is working around the clock to fix a problem with its systems, but has warned the problems are likely to prevent it providing annual tax statements to a majority of its customers by 15 July.

Queensland-based property industry construction, engineering and support services company, FKG Group, has engaged Schneider Electric to provide expertise for the development of its new Tier 3, 10 megawatt regional data centre to be built in Toowoomba.

There are more than one million Australian standards, a vast amount of government legislation (red tape), and a mountain of risk management guides. What if you could get them online in one place?

Flight Centre, Helloworld, Booking.com, Expedia, Wotif, and Avis have partnered with serko.travel to power a new travel management application for SMEs.

Australian company Nuix made quite a splash in the Panama papers scandal, enabling extremely accurate machine analysis of 11.5 million documents in a fraction of the time. It has now partnered with FRONTEO USA to support high-end eDiscovery and digital evidence processing.

There are plenty more fresh stories below, and we also have all the important breaking news for the past 24 hours.

So for all the news please visit www.itwire.com

Have a great day!

Stan Beer, Editor in Chief, iTWire


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