Featured IT News

Comsol power banks recalled over fire risk

26 January 2021 in Mobility

Several models of power banks sold by Officeworks under the Comsol brand have been recalled due to the risk of…

AIIA Launches Skills Hub to boost Australia’s ICT Industry

25 January 2021 in Education

The Australian Information Industry Association (AIIA) has officially launched its Skills Hub, creating a digital skills platform that connects ICT…

Coalition of health, tech experts want big tech to reveal ‘true’ extent of ‘misinformation ’ on COVID-19

25 January 2021 in Health

A newly formed coalition of health and technology experts is calling on the Australian Parliament to force big tech companies…

AMTA reminds Aussies about privacy on 28 January, International Data Privacy Day, with six top tips

25 January 2021 in Telecoms & NBN

The Australian Mobile Telecommunications Association (AMTA) has taken the opportunity to remind Australians about the importance of mobile phone data…

Local search marketing firm urges compromise over news media code

25 January 2021 in Technology Regulation

Digital marketing solutions provider Localsearch has urged the government and Google to reach a compromise on the proposed news media…

NBN retailer questions need for Enterprise Ethernet in fibre areas

25 January 2021 in Telecoms & NBN

An NBN retail service provider has questioned the need for a service like the NBN Co' Enterprise Ethernet in places…

Memo to Google and Facebook: please pack your bags and go

23 January 2021 in Open Sauce

It will be interesting to see who blinks first in the tussle between the digital platforms and the Australian Government:…

Reset Australia says 'Google’s egregious threats prove regulation is long overdue'

22 January 2021 in Technology Regulation

Although Google has come to a deal to pay French publishers for news. Google Australia is threatening to withdraw Google…

Global organisations ‘struggle’ to maintain consistent application security, claims Radware

22 January 2021 in Security

Global organisations are struggling to maintain consistent application security across multiple platforms, and they are also losing visibility with the…

2021 - as a Service

21 January 2021 in Cloud

Do Industry executives think our lives will improve in 2021? Or will it be Groundhog Year again, again, again?

Perth stadium goes 5G with Optus

21 January 2021 in Telecoms & NBN

Optus has switched on 5G at Perth’s Optus stadium, giving sports and concert viewing fans 5G connectivity throughout key areas…

Sitecore aims for growth with US$1.2 billion investment plan

21 January 2021 in Strategy

Global digital experience management software provider Sirecore has secured backing for a large-scale growth plan fuelled by US $1.2 billion…

Review: 13 iPhone 12 mini cases

20 January 2021 in Mobile devices

If you've bought a shiny new iPhone 12 mini, you'll probably want a case to go with it. Here's our…

'World first': 5Gbps download speed over 5G achieved by Telstra, Ericsson and Qualcomm

20 January 2021 in Telecoms & NBN

Over at Telstra's 5G Innovation Centre on the Gold Coast, Telstra, Ericsson and Qualcomm have “announced the successful completion of…

ACMA says Kogan breached Australian spam laws and pays $310,000 fine

20 January 2021 in Technology Regulation

The Australian Communications and Media Authority (ACMA) has investigated Australia e-tail giant Kogan and found the company sent more than…

Mobile roaming recovery to take three years: analyst

20 January 2021 in Telecoms & NBN

Analyst firm Juniper Research has predicted it will take three years for mobile roaming activity to recover from the effects…

NSW Government issues tender for regional digital connectivity network build

20 January 2021 in Government Tech Policy

The NSW Government has announced an open Request for Tender to build network infrastructure for the communities of Wamboin, Bywong…

US asks Australia to scrap news media code law

19 January 2021 in Technology Regulation

The US Government has asked Australia to drop its move for a news media code to make it compulsory for…

Breaking IT News

Apple encourages users to walk more with new Fitness+ 'Time to Walk' experience

26 January 2021 in Home Tech

Promising an inspiring audio walking experience with its new "Time to Walk" feature within the subscription Apple Fitness+ service, Apple…

ASIC sic'd by sickening cyber security incident

26 January 2021 in Security

On the 25th of January, ten days after ASIC became aware of a cyber security incident affecting a server used…

AARNet's Hancock gets a gong

26 January 2021 in Telecoms & NBN

Chris Hancock, CEO of AARNet, has been made a Member of the Order of Australia (AM) in the 2021 Australia…

Sheedy looks after OT at Fortinet

26 January 2021 in People Moves

Fortinet has appointed Andrew Sheedy as director of operational technology solutions.

NEC claims a mmWave MIMO first

26 January 2021 in Telecoms & NBN

NEC claims it has achieved the first demonstration of a distributed-MIMO 5G system in the millimetre-wave frequency band in an…

PoC exploit available for SAP Solution Manager flaw

25 January 2021 in Security

A serious vulnerability in SAP Solution Manager would allow an attacker can authenticate to vulnerable systems by simply trying to…

realme claims it has right devices for students returning to school

25 January 2021 in Mobility

Chinese smartphone vendor realme is pushing models that are suitable for students who need a smartphone for their use, pointing…

AFP executes search warrants in QLD after the takedown of the world's largest illegal dark web marketplace

24 January 2021 in Government Tech

The Australian Federal Police (AFP) has executed a series of search warrants across Brisbane and the Gold Coast over two…

Lightstorm Telecom Ventures reports building ‘high-capacity network’ with Ciena for India’s OTT ecosystem

24 January 2021 in Telecoms & NBN

The high-capacity, automated network “supports surging demand for gaming, video and cloud experiences”

Telerik R1 2021 brings Blazor support

22 January 2021 in Business Software

The R1 2021 release of .Net software development tool collection Progress Telerik includes more than 65 native UI components and…

Pluralsight acquires Next Tech

22 January 2021 in Deals

Technology workforce development company Pluralsight has acquired Next Tech, a provider of cloud-based computing environments for tech education.

Russell gets a seat on SAP board

22 January 2021 in People Moves

Business software vendor SAP has appointed Scott Russell to its executive board as head of the customer success organisation.

MYQ Strengthen Bearn Partnership to Target 1M Users

22 January 2021 in Health

Company News: Heathtech company MyFiziq Limited (ASX: MYQ) has developed a proprietary body dimensioning technology that enables its users to…

Spirit Tech reports big rise in revenue for both quarter and second half

22 January 2021 in Listed Tech

Listed tech provider Spirit Technology Solutions has reported a lift of 243% year-on-year in its revenue for the first half…

Google signs French deal to pay newspapers for snippets

22 January 2021 in Technology Regulation

French authorities have signed an agreement with Google for the search company to pay publishers for the use of news…

DocuSign and Unsplash update the imagery of agreements, finding it's out with the boardroom and in with the bedroom

22 January 2021 in Business Software

COVID-19 has wreaked horror and havoc but has also accelerated remote working to the fore. Electronic signature software, DocuSign, finds…

Sophos claims new cryptominer being managed by software firm in Iran

22 January 2021 in Security

Global cyber security vendor Sophos claims a cryptominer known as MrbMiner that infects database servers is being managed from a…

amaysim takeover by Optus set to be completed on 1 February

22 January 2021 in Mobility

Shareholders of amaysim have given the green light for the company to be taken over by Optus, a deal that…

Unisys researching use of AI and ML to detect deceitful and persuasive writing for Aussie defence and security communities

22 January 2021 in Business IT

Unisys has received funding from the "Artificial Intelligence for Decision Making Initiative" to detect when an author has intentionally exaggerated…

BIGO Awards Gala 2021 celebrated overnight the resilience and creativity of live streaming broadcasters

22 January 2021 in Entertainment

BIGO Live - it's a live video streaming app with over 400 million users in 150 countries, and at its…

Alcatel and TCL's affordable smartphones for the back to school set

22 January 2021 in Fuzzy Logic

With the ACMA's December 2020 study showing 46% of Australian children age 6 to 13 already using mobile phones, its…

 

Reviews

 

Opinion

 

Telecommunications

 

Popular News

Subscribe to Newsletter

*  Enter the security code shown:

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments

Tuesday, 20 May 2008 18:33

International student team places second in melbourne uni's entrepreneurship competition

By Charanjit Singh
3 international students at Melbourne University have placed second in the university's prestigious entrepreneurship competition, for their online technology software, TeamDraw.

The competition is sponsored by Australia's prestigious Melbourne Business School and KPMG and has been running for over 8 years. Over 60 000 Australian dollars was handed out in prize money.

26 year old Chandika Jayasundara from Sri Lanka, 27 year old Nick Foster from the UK, and 34 year old Charanjit Singh Dhaliwal from Singapore designed and built the software that they say will revolutionise the way businesses model complex products and processes.

The software helps to design a wide range of products - from computer networks to architectural plans. The three partners formed a company, Cinergix, earlier this year. The company currently has a team of engineers developing the product, which is in the process of being patented in Australia.

Their product will operate in the modelling software market that will be worth 5 billion US dollars by 2011. As a Software as a Service application provider (SaaS) Cinergix will be part of a software delivery trend that will deliver 11 billion dollars worth of software by 2011, a market which is growing at 96% annually according to Gartner, a leading technology research firm.

"Being recognised with an award like this is a real honour", says Chandika Jayasundara, the company's chief executive officer. Jayasundara originally conceptualised the idea, and has been the driving force behind the success of Cinergix.

"As an international student in Australia, learning and operating in the business environment here has been a fantastic experience. Australia's transparent business environment, positive investment climate and highly efficient infrastructure were all huge factors when we made the decision to base our business here."

The company's chief operating officer, British national Nick Foster hails from Basingstoke in the UK. He's worked in the IT industry in both the UK and Australia during the past 8 years. The challenge of getting involved in a start-up was what prompted him to join Cinergix in November 2007.

"The team is young, dynamic, and raring to go," he says. "In my previous roles, I have worked with large numbers of people and have created many software solutions – all focused on networking and the Internet. But what we have here is truly revolutionary – a disruptive technology - and could change the way companies design and create visual models forever."

Chief marketing officer, Charanjit Singh Dhaliwal from Singapore was very clear when asked why he decided to start a technology business - it's a personal passion: "Technology is all about solving problems - and we have identified a crucial problem in the market place.  Let me give you an example - you can write documents in Word - but if you didn't have the spell check function, you would have to manually check every single word to ensure it was spelt correctly. That's what we're doing - but in the design space. It's truly a great leap forward in the design technology space."

Previous winners in this competition have raised over 2 million Australian dollars from venture funds at the onset. Attracting venture capitalists and angel investors to invest funds into their project was one of the reasons that the Cinergix team entered the competition.

"Melbourne Business School and KPMG's entrepreneurship competition is viewed very positively by Australian venture capitalists," the team's CEO Jayasundara adds. "For a group of international students from all parts of the world, it's a real coup to place in this competition - so it really feels like a huge victory for us. We're in the process of meeting with interested parties, and I am feeling very positive about the future."

Cinergix has set up a research & development centre for the software in Colombo, Sri Lanka, where one of the three founders is from. While Australia will remain Cinergix's officially registered headquarters, the company is looking to expand  in South Asia and the Asia Pacific regions, as well as the United States next year.

Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Share News tips for the iTWire Journalists? Your tip will be anonymous