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. 

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

Communications, networking, and cloud solutions provider Alcatel-Lucent Enterprise (ALE) has partnered with systems integrator Vitalis to provide customers access to dedicated solutions on the market, offer expert advice on solving their specific challenges, and focus on achieving the best possible outcomes in the healthcare and education industries.

American telecommunications company Motorola Solutions will open a new research and development (R&D) centre in Cork, Ireland that is expected to generate 200 highly-skilled jobs.

Video technology company Milestone Systems has merged with cloud-based video surveillance solutions provider Arcules last 1 July.