Photo: 123RF
Why do so many New Zealand technology companies end up bought by overseas investors and does our economy suffer as a consequence? Last week Dunedin's booking software firm Timely was bought by Denver-based EverCommerce - the fourth this year. In March, Kumeu mobile game developer Ninja Kiwi sold to Sweden's MTG; retail software firm Vend sold to Lightspeed for $450m, and Christchurch geologic 3D modelling company Seequent was acquired by Nasdaq-listed Bentley Systems for $1.45 billion.
Kathryn discusses the situation with investor and director of a number of local software companies, Serge van Dam; CEO of the Kiwisaver provider Simplicity Sam Stubbs and PWC tax partner, Geof Nightingale.
