Sydney-based Cloudwerx raises $7 million in CVC led funding round
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The Sydney-based IT company was founded by Roger Burgess and Miha Remec and is currently led by CEO Toby Wilcock and CTO Chris Baldock.

Tech innovation is enabling businesses to empower people and connect with them beyond geographies and acting as a key pillar for driving better business outcomes. Stay ahead of the curve with insights on the future of HR technology.
TechnologyHR TechnologyFunding & Investment
The Sydney-based IT company was founded by Roger Burgess and Miha Remec and is currently led by CEO Toby Wilcock and CTO Chris Baldock.
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The deal is an asset acquisition, but the two firms have not disclosed the amounts involved.
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The funding, led by Georgian, makes Oyster the world's fastest-growing global employment platform and a unicorn less than two years after launch.
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The new funding from Battery will help Compt reach and support more global companies who demand an inclusive approach to employee perks and benefits for their teams.
Despite often having smaller technology footprints, small and midsize businesses are finding creative ways to keep up with the demands of consumers today, and cloud has played a critical role in their innovation.