Posts Tagged ‘Mexico’

Brisbane businessman turns disaster into dollars

Monday, September 30th, 2013

Brisbane businessman Michael French turned the raging floods in that city in 2011 into a successful online business by filling a niche that so many people don’t know they need until it’s too late.

Photo credit; johndal on Flickr

Photo credit; johndal on Flickr

While he watched flood waters near his home, French worried about the state of his office, which held his digital marketing company only a few kilometres away. That’s when the idea for his Bizeo app hit him.

Essentially a dashboard app, Bizeo monitors all available data from servers to engines on key machinery, to temperature to exchange rates and social media for a business that is experiencing an emergency like a flood.

“Business owners spend a lot of their time running around checking on things, but this does it for them, and gives them a single indicator that everything is alright,” French says. “Bizeo monitors the status and data across your whole enterprise, and watches everything at once.”

As many Brisbane businesses struggled in the aftermath of the floods, French realized he could add even more functionality to the app.

“Our cashflow was struggling as our debtors blew out and our sales pipeline struggled as many Brisbane groups went under,” French says. “Bizeo now plugs into your CRM, accounting and social media systems.”

Bizeo received a $200,000 grant from Commercialisation Australia last year and French used those funds to hire a business development manager, and file for intellectual property protections such as trademarks and patents and is currently working with clients in Brisbane, Sydney, Melbourne, Mexico and London.

To read more on this story, click here.

Jumbo Interactive celebrates successful expansion to Germany

Thursday, July 18th, 2013

Brisbane-based Jumbo Interactive saw its stock price jump by 15% recently on news that it has been granted licenses to sell lottery tickets via web and mobile throughout Germany.

The company estimates the online lottery ticket market in Germany will be worth $2 billion in five years.

Jumbo also operates the popular gambling site OzLotteries.com, among other lottery and game sites, where customers buy lottery tickets with Jumbo acting as an agent and earning a portion of sales. This online lotto-agent business has high margins and may still grow following the incredible success of the last 10 years, in which net profits grew from a net loss to nearly $7 million for the 2012 financial year.

Jumbo Interactive also has business interests in Mexico and the USA.

To read more about this story, click here.