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Straker’s $28M IBM Deal Validates Bold AI Pivot Amid Revenue Dip
8:37am on Wednesday 26th of November, 2025 AEDT
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Technology
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Straker’s $28M IBM Deal Validates Bold AI Pivot Amid Revenue Dip
8:37am on Wednesday 26th of November, 2025 AEDT
Key Points
15% revenue decline due to transition from legacy services
$28 million, 3-year AI partnership with IBM validates new model
Positive adjusted EBITDA of $0.53 million despite softer demand
Heavy R&D investment in Tiri platform and AI applications
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