ASX-listed software security company IXUP is buying Data Republic’s $50 million tech platform for $3m Simon Thomsen - June 7, 2021 2 MIN READ Paul McCarney, co-founder of the failed tech startup Data Republic. ASX-listed data security company IXUP Ltd (ASX:IXU) has scored a software bargain from the administrators of failed tech startup Data Republic, buying the data exchange’s intellectual property and IT for just $3 million. The purchase price represents a 94% discount to the almost $50 million Data Republic spent building the platform. The acquisition came from a rapid-fire, contested sale process commenced by the administrators just three weeks ago. Data Republic was placed in voluntary administration in early May after failing to find an additional $21-35 million from institutional investors to keep the tech startup, founded in 2014, afloat.