After receiving a $270 million investment in 2014 from Telstra, Ooyala will sell its online video platform business to video cloud services provider Brightcove.
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In a bid to make it easier for companies to adopt a hybrid approach to their workloads.
A new division, called HCL Software, has also been created by the company to push out the software products.
432,000 subscribers were added to Xero's total subscriber base during the year.
One of the courses will provide an RMIT credential.
This is despite revenue increasing by almost AU$20 million year on year.
The service will send copies rather than rely on synced files.
Baidu posted net income of 27.6 billion yuan ($4 billion) for the 12 month period, an increase of 51 percent year over year.