THE CHART: Big winners from NZ tech takeovers

THE CHART: Big winners from NZ tech takeovers
Vend founder Vaughan Fergusson.
Andy Fyers
Two Kiwi tech companies were subject to takeovers last week. Retail tech firm Vend was sold to competitor Lightspeed for $480 million, while geoscience software Seequent firm became NZ's newest $1 billion company, selling for $1.46b to Nasdaq-listed Bentley Systems.The Vend deal was worth $US192.5m and another US$157.5m in Lightspeed shares – about $484m in NZ dollars.As the largest holder of Vend shares, Square Peg Capital benefitted to the tune of about $61m from the sale.Founders Vaughan Fergusson and Mark de Freitas will have thei...

More Markets

Gamification – it’s coming for you
Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 01 Nov 2025
NZ stocks end firm after Sky, Vulcan, annual meetings
Markets Market Close

NZ stocks end firm after Sky, Vulcan, annual meetings

There were 84 rises and 54 falls on the main board.

Jamie Gray 31 Oct 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 31 Oct 2025