Spirit Super members to benefit from purchase of Intsaclustr

SPIRIT SUPER has welcomed the purchase of Intsaclustr by NetApp, a NASDAQ listed company. Intsaclustr is an industry-leading platform for deploying and managing open-source data and workflow applications as a service.

Intsaclustr was founded within the Australian National University and received capital from ANUConnect Ventures, a partnership between ANU and MTAA Super (now Spirit Super).

Spirit Super chief investment officer, Ross Barry said, “Not only has this been a very successful financial investment, but it is also part of our 'impact investing' platform and so Spirit Super members can feel proud that their investment is driving home-grown technology and job creation right here in Australia.

“Spirit has the ability to look to opportunities some of the larger super funds may pass over. Our direct investment in ANUConnect Ventures is a great example," Dr Barry said.

“More generally, Spirit Super is committed to investment in regional Australia and restoring our domestic industrial fabric. The ecosystem created in Canberra with the collaboration of ANU, ANUConnect Ventures and the ACT Government has extensive multiplier effects on local employment.

“Spirit Super congratulates the founders and management of Intsaclustr, the CEO and team at ANUConnect Ventures and the ANU. It's a great testament in the ability of Australians to create value and grow businesses in the technology sector.” Dr Barry said.

 

About ANU Connect Ventures

ANUConnect Ventures is a 50/50 joint venture between the ANU and Spirit Super. Incorporated in 2005 the $47 million fund was established to invest in unique ideas, discoveries and inventions coming out of the ANU and ACT. The joint fund was supported by a $10 million commitment from the ACT Government. Investments were aimed at early-stage ventures within the Canberra region, with exceptional commercial potential, and economic and societal benefit to the ACT. Now, 16 years later, the returns on these investments are flowing into the ACT, with two of Canberra’s high-growth tech companies long term beneficiaries of the joint fund. This could not have been possible without the on-going support of Spirit Super (formerly MTAA Super), the Australian National University, and the ACT Government. The fund is closed to new investments but continues to support portfolio companies as they grow.

About Spirit Super

Spirit Super is multi-industry fund built for hard working Australians with support they can count on, low fees and a history of strong returns. It has 325,000 members (as at June 2021) and representatives around the country.

 

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