Displaying items by tag: acquisition

Residential infrastructure, Internet Service Provider and mobile virtual network operator Swoop has announced a 14 percent increase in revenue year-on-year to $88.9 million and an underlying EBITDA of $16.4 million - up 6.4 percent year-on-year within its core-business.

Corporate ICT, soft skills and digital skills training provider Lumify Group has acquired Wizard Corporate Training, a long-standing Australian training provider.

COMPANY NEWS: Tenable, the exposure management company, today announced that it has named Shai Morag to the role of chief product officer. Morag will focus on delivering increased momentum and scale across Tenable’s entire portfolio, driving the company’s next era of growth by building security products for a cloud-first world.

Advanced electronics design systems company Renesas Electronics Corporation has announced the successful completion of the acquisition of global software company Altium.

COMPANY NEWS: 

Key highlights: 

• Atturra Limited, through its subsidiary Atturra Advisory Pty Ltd ACN 117 643 240 (“Atturra Advisory”), to acquire Exent Holdings Pty Ltd ACN 667 230 328 (“Exent”).

• Upfront consideration for Exent is $6m in cash, with earn-out/post-completion consideration of up to $2m in cash, subject to Exent achieving first half FY25 performance hurdles.

• Strategically aligned acquisition of Exent helps Atturra extend its advisory and consulting capabilities outside of Canberra and Defence and expand the practice nationally.

• The purchase price, including upfront and deferred consideration, is calculated on a multiple of 6.5x forecast EBITDA contribution to Atturra in FY25. 

IT service provider OneTeam IT has announced the amalgamation of MSD Information Technology, into its operations.

Global Law firm Ashurst has advised AGL Energy Limited on its end-to-end contractual suite for the customisation of Kaluza Ltd's energy billing platform, the migration of AGL's customer base to the Kaluza platform, as well as the acquisition of a 20% equity interest in Kaluza. The cash consideration to be paid by AGL for the equity investment is ~AUD$150m, valuing Kaluza at ~AUD$750m.

Acquisition strengthens KnowBe4’s position as largest, advanced AI-driven cybersecurity platform for managing human risk

Transcosmos has announced that it has acquired Kubota Systems' IT system subsidiary in China which is says expands and enhances its system development business targeting Japan and China markets.

Accomplished executive brings the wealth of nearly 30 years of financial leadership to help guide company strategy and growth

COMPANY NEWS: BlueVoyant, a cybersecurity company that illuminates, validates, and mitigates internal and external risks, today, announced that Timothy (Tim) Yost has joined the company as Chief Financial Officer (CFO). Yost will focus on setting and managing the company’s financial and strategic plans and continue to build BlueVoyant’s world-class global finance organisation to enable continued scaling of the company.

COMPANY NEWS: Data and AI company Databricks today announced it has agreed to acquire Tabular, a data management company founded by Ryan Blue, Daniel Weeks, and Jason Reid.

IT ecosystem distributor and solutions aggregator Tech Data has acquired Orca Technology, an independent value-added distributor focused on the IT security marketplace in Australia & New Zealand.

Global technology company Insight Enterprises has acquired Infocenter, the 2024 ServiceNow Partner of the Year.

Business expansion combines almost 200 years of printing, coding and supply chain technology expertise

Nearly half of small and medium businesses in Australia (46 per cent) anticipate a decrease in turnover by the end of the year due to economic pressures, according to research from RFI Global, commissioned by Australia’s online small business lender Prospa.

Cybersecurity company Exclusive Networks has announced the signing of a binding agreement for the acquisition of 100% of the share capital of NEXTGEN Group, a hyper-growth channel services company focused on cybersecurity, data resiliency and digital enterprise in Australia and New Zealand.

COMPANY NEWS: 

• Accelerated recurring revenue to greater than 80% of total revenue while delivering profitable growth exceeding the "Rule of 40"
• Released advanced capabilities across the BeyondTrust Platform in 2023 to provide customers with unmatched visibility and control in their relentless battle against sophisticated cyber threats

Customer platform provider HubSpot and social media app TikTok have announced a partnership to make community-based customer acquisition “easier than ever for B2B brands”, and which they say supercharges lead generation.

Cloudwerx, an APAC Salesforce Summit partner, today announced the acquisition of Lightfold, a top-tier data analytics and artificial intelligence (AI) consultancy.

Australian-listed global semiconductor developer BluGlass Limited has completed its acquisition of contract manufacturer GaNWorks Foundry, Inc., following the successful installation and validation of core gallium nitride (GaN) wafer processing equipment at the company’s laser production fab in Silicon Valley.