Menu
Wellington-based developer acquires web agency in Melbourne

Wellington-based developer acquires web agency in Melbourne

Rabid Technologies expands into Australia

Wellington-based application developer Rabid Technologies has expanded into Australia following an acquisition of specialist agency Squareweave in Melbourne.

Rabid builds web and mobile organisations across New Zealand, with key customers including NZ Post, PledgeMe and Oranga Tamariki.

Meanwhile, Squareweave specialises in digital strategy, web development and consultancy, working with Yarra Valley Water, State Library of Victoria and easyACCESS among others.

“We have worked overseas before, but with this acquisition we will have a permanent home in Australia, and we can leverage our experience on both sides of the Tasman,” said Breccan McLeod-Lundy, CEO of Rabid.

From a logistics perspective, the acquisition adds 10 staff members from Squareweave to Rabid’s team across the Tasman, with the combined entity now having offices in Auckland, Wellington and Melbourne.

The acquisition - for an undisclosed sum - also includes minority shareholding roles for Squareweave founders Will Dayble and Luke Giuliani, who will remain involved in the “strategic direction” of the company.

“Breccan and I have known each other for many years,” Dayble added.

“He has built a stable technology company with strong values and I believe that this acquisition by Rabid will give us the scale we need to grow and address the bigger technical challenges faced by government and non-profit organisations in Australia.”

The buyout represents the second acquisition in four years for Rabid, following the purchase of Auckland-based Resistor in 2015.

“Acquisition, both on and offshore, is definitely part of our long-term growth strategy,” McLeod-Lundy added.

“We would love to have company in this strategy of growing New Zealand businesses, rather than the traditional pattern of selling out for the bach, the boat and the BMW. We believe it’s a real option for many New Zealand businesses.”

In a New Zealand technology market contributing more than $16.2 billion to the national GDP - employing more than 120,000 people in the process - Rabid reported 300 per cent year-on-year increased revenue, placing 25th in the Deloitte Fast 50 in 2017.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags SquareweaveRabid Technologies

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments