Technology, media and telecommunications is at the centre of modern life. According to ACMA, 99% of Australian adults accessed the internet in the six months to June 2020.

In 2021 Australia ranked seventh in terms of video streaming penetration. Our data centre market in estimated to grow 4.5% (compound annual growth rate) between 2021 and 2026, in part due to increasing cloud computing and cyber security requirements. This is all enabled by our telecommunications sector – the backbone that connects everything.

This is an exciting environment, fast paced, changeable and disruptive. We work with our clients to navigate traditional complexities and take advantage of shifting trends.

Top trends in Technology, Media & Telecommunications

  • Emerging trends prove tantalising close
    Emerging trends prove tantalising close
    The digital economy is coming to the forefront as all business embrace the shift to online. But it pays to do your research before jumping onto the latest band wagon.
  • Technology always disrupting itself
    Technology always disrupting itself
    With WiFi, cloud computing and Software-as-a-Service (SaaS) proliferating the business environment, the opportunities for disruption has grown exponentially. All companies must continue to innovate or perish.
  • Movers and shakers in a changeable market
    Movers and shakers in a changeable market
    Tech enabled companies are hot property for investors, while the technology, media and telecommunications sector itself looks to consolidate, build scale and differentiate themselves in the market.

Issues impacting businesses in Technology, Media & Telecommunications


Tech enabled businesses high in M&A demand

Technology companies and tech enabled companies have been doing well in the M&A and IPO space for a number of years. The COVID-19 pandemic has exacerbated this, and all kinds of investors – from the institutional to the private – are cherry picking opportunities that have already made the shift towards tech enablement.

Read more about M&A trends

Telecommunications and media in the throws of acquisitions and divestments

It’s not just technology experiencing activity, we’re seeing a lot of movement in the telecommunications and media space as well. Telecommunications in particular is looking to consolidate to build scale and market share. Media companies on the other hand, are facing challenges to traditional forms of media, like outdoor advertising or print press, and investing more in streaming services, social media and audio to tap into increasingly transient (and homebound) consumers.

Learn more about our approach to deals

The endless cycle of innovation in the tech sector

Disrupt or be disrupted is the mantra for the technology, media and telecommunications sector – and with WiFi, cloud computing and Software-as-a-Service (SaaS) proliferating the business environment, the opportunities for disruption has grown exponentially. Innovation is a competitive game, it’s not just about accessing the right incentives, it’s also ensuring you have a genuinely unique premise, protecting your IP and commercialising successfully. There are new grants and incentives being released to support research & development, collaboration and innovation – are you eligible for support?

Listen as we talk about how to commercialise that great idea

Tech as a tax write-off?

In early 2020 the Federal Government introduced the Early Stage Innovation Companies (ESIC) incentive, providing short- and long-term tax incentives to investors that acquire shares directly from ESICs – a real boon to early stage technology companies looking to attract funding and investment. Also, in a clear indication that tech is an area of policy opportunity, the Federal Government introduced a surprise 30% Digital Games Tax Offset during the 2021-22 Federal Budget, which will come into effect from 1 July 2022. We’re sure there will be more to come and this is an area to watch.

Read more about how we simplify tax

Employee Share Schemes can help protect your IP

The technology sector has fully embraced employee share schemes as a way of attracting and retaining talent but also to protect IP. However, not all employee share schemes are created equal, and it’s important to match the kind of scheme you adopt with your business aspirations and the people outcomes you’re looking to achieve.

Listen as we talk about some of the different employee share scheme options available

Monetising your data

Google receives nearly 85% of its revenue from user data insights. But you don’t need to be the size of Google to apply some their same thinking. It’s one thing most companies don’t do well – commercialising their customer data, often for fear of breaching privacy. However, there is a quid pro quo relationship between customer and consumer; people are prepared to give up a certain amount of data in return for a better and ‘contextualised’ user experience.

Listen as we explore current and future trends in data analytics

Taking advantage of the digital economy

Technology is the common theme amongst many of the Government’s policies. Technology to drive down emissions. Technology to deliver modern manufacturing. Technology to connect businesses to communities and regions. In fact, we can expect to hear more about how Australia will invest in becoming a world-leading digital economy. The Government is leading by example, investing in their own digital projects such as RegTech to streamline compliance, and creating apps as the ultimate gateway between citizens and government.

Read more about how technology underpins it all

Tracking emerging trends

There is always a latest and greatest technology trend in the media – but just because it’s getting airtime, doesn’t mean it’s worth investing in. And when you do make embrace a new trend, it’s important to understand the implications for you and your business. Some trends and new entrants have not only stood the test of time, but have come to dominate the market. People used to question the security of cloud computing, now it’s embraced by big business. The ones to watch now include cryptocurrency, blockchain and AI – all at work in the marketplace but with as yet, untapped potential.

Are you considering crypto as payment? We’re not there yet

We cut through the complexity of compliance

Technology moves faster than regulation, but it’s still subject to requirements and obligations at both Federal and State levels. There is change happening all over the world to help create systems that better align with intangible transactions and services, until then it’s a balancing act to both remain compliant and respond to change when it eventually happens. Whether it’s tax, audit or risk, we cut through the compliance and complexity.

For instance, the recent IFRIC agenda decision on accounting for cloud computing and SaaS arrangements has impacted all entities that comply with Australian Accounting Standards.

Watch On-Demand as we discuss how this impacts your accounting policies

Our Technology, Media &Telecommunications services


Grant Thornton’s expert audit approach will help you comply with regulations, and improve business strategies and internal processes.


We work with clients at all stages of their business lifecycle – and through all their organisation’s major events – to navigate tax obligations.

Finance and funding

Our finance and funding team works to access sources of finance, present your case to potential funders and negotiate a long-term sustainable relationship.


We work with clients to implement risk management processes and strategies to reduce risk and identify opportunity to extract commercial value.

Cyber security on the Board agenda

Cyber security and Board responsibility is not a new discussion. Heavily regulated industries – e.g. banks under APRA – are no stranger to cyber risk management as a key director duty. However, with the Cyber Security Strategy recommending changes to directors’ duties under the Corporations Act, directors across all sectors are likely to come under scrutiny – with the ASX 200 first cab off the rank.


Listen to our experts talk about trends and issues facing the technology, media & telecommunications sector right now.

Sale of Box+Dice

Client challenge
Client challenge
Client challenge
Founded in Melbourne in 2005, Box+Dice has grown to become one of Australia's most successful real estate customer relationship management companies, servicing over 1,150 offices across Australia and New Zealand. Once Travis Williams, owner and CEO of Box+Dice, decided he was interested in selling the business, he wanted to ensure he received a premium price for his years of hard work, whilst also ensuring Box+Dice and its people would continue to be supported in the future.
The solution
The solution
The solution
Through initial discussions with Travis, Grant Thornton was able to determine the best way to present the business through the creation of an Information Brief to send to interested parties. Grant Thornton contacted a number of potential buyers in the early stages of the process, as part of a targeted buyer list focusing on companies with complementary strategies. Through a series of discussions, a shortlist of buyers was established, with negotiations held with parties to determine the most suitable buyer for Box+Dice. After a period of consideration and negotiation, the most suitable buyer was selected as they best satisfied Travis’ criteria.
The outcome
The outcome
The outcome
The acquirer, MRI Software, is a global property software company looking to expand their operations in the Asia-Pacific region. From a strategic point of view, the purchase of Box+Dice integrates nicely with their current product offering, and will enhance synergies within the company. MRI was able to pay the premium price, and also detail a clear plan of how Box+Dice will be part of MRI’s strategy going forward, and how they intend to continue to support Box+Dice’s product.
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