ACAC backs Lawcadia for legal biz disruption
ACAC Innovation made a $500,000 investment in Brisbane-based legal tech startup Lawcadia, which provides web-based procurement tools to help companies manage their outsourced legal work. The firm is now the 19th startup to receive investment from ACAC in just over 12 months.
Based in Queensland, ACAC gives support including seed money for startup development, advice and mentoring, and even a place to work for home-grown entrepreneurs.
ACAC founder and senior director Andy Greig cited Lawcadia has an innovative approach to solving the big issues in the commercial legal industry.
Lawcadia CEO and founder Warwick Walsh said, companies and government need accurate, transparent pricing for legal services without compromising service or quality. Among Lawcadia’s main global coverage are Singapore, Hong Kong, UK, USA, and Australia. Walsh said Lawcadia has over 25 top-tier, mid-tier, international and a boutique law firms already registered.
Atlassian acquires top status communication platform StatusPage
Enterprise software firm Atlassian has acquired fellow Australia-based company StatusPage, the country’s leading status and incident communication platform, for an undisclosed sum.
Atlassian co-founder and CEO Scott Farquhar said, “StatusPage lets any company create a hosted status page for communicating up-to-the-minute status on the health of their technology services with their internal and external customers.” It counts as its clients startups and cloud leaders like Intercom, Venmo, and New Relic to enterprises like Intuit and Citrix.
Farquhar and co-founder Mike Cannon-Brookes founded Atlassian in 2002 and the firm has grown to over 1,400 Atlasians in six locations, such as Sydney, San Francisco, Austin, Amsterdam, Manila, and Yokohama.