Afternoon Coffee: Amazon Goes Live in Australia, Anaplan Raises $60 Million in Series F Round

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Amazon launched a version of its site in Australia Tuesday, adding a new player to the retail mix in a competitive market worth hundreds of billions of dollars. Local retailers in Australia breathed a sigh of relief, as prices were not as aggressively low as anticipated, according to the Sydney Morning Herald.

Anaplan Funding

Anaplan, a provider that offers an analytics and planning platform, announced Tuesday it had raised $60 million in a Series F funding round led by PremjiInvest, according to a press release. The company plans to use the funding to scale its sales and customer success organizations, as well as expand internationally, focus on key lines of business and “grow the development team to accelerate product evolution and innovation.”

UPS Acquisition

Logistics provider UPS has acquired Sandler & Travis Trade Advisory Services, the world’s largest dedicated global trade compliance management firm, American Shipper reports.

The acquisition will “enhance existing UPS solutions and add industry-leading trade management services to UPS’s global portfolio, forming a foundation the company will continue to build upon,” UPS said in a statement. “Some of these solutions include: duty drawback; regulatory compliance; rules of origin determination; harmonized tariff schedule (HS) classification; export control classification; order management and free trade agreement qualification and verification, and more.”

UK Manufacturing

And finally, a Brexit update: British factories are set to increase investment this year at the strongest rate in four years, Manufacturing Global reports. Increased industrial confidence could support the potentially stagnant UK economy in 2018.

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