Latest Enterprise It News

NEXTDC has inked a Memorandum of Understanding with OpenAI to develop a cutting-edge sovereign AI infrastructure in Sydney, marking a major step in Australia’s digital sovereignty ambitions.

Identitii Limited has announced a pro rata non-renounceable rights issue to raise approximately $2.88 million, partially underwritten by Beauvais Capital Pty Ltd. The funds will support the development and commercialisation of its BNDRY platform amid ongoing patent litigation risks.

Nuix Limited has announced its acquisition of Paris-based graph intelligence firm Linkurious for up to €20 million, aiming to enhance its AI-driven data analytics capabilities and expand its global footprint.

The Australian Taxation Office has issued a final Class Ruling clarifying the tax treatment of TPG Telecom’s recent $3 billion capital return and special dividend, confirming no part of the capital return is taxable as a dividend.

Swoop Holdings has announced a $10 million entitlement offer to fund its Melbourne Fibre Project, following a strong FY25 performance marked by 20% revenue growth and positive free cash flow. The company is sharpening its strategic focus on mobile, nbn, and fibre services amid board changes and divestments.

Swoop Holdings launches a $10 million entitlement offer to fund its Melbourne Fibre Project, while initiating a board renewal following shareholder feedback and upcoming EGM challenges.

Mach7 Technologies has inked a five-year subscription agreement with UnityPoint Health, marking the first commercial deployment of its new Flamingo Architecture and setting the stage for significant recurring revenue growth.

Kelly Partners Group Holdings has completed its latest partnership acquisition in Narrandera, NSW, adding $0.8 million in annual revenue and reinforcing its growth strategy through its Partner-Owner-Driver® model.

Ava Risk Group’s BQT Solutions has inked a five-year supply and co-development agreement with US-based UniKey Technologies, targeting the booming mobile credential access market with new NFC/BLE readers.

Tuas Limited reported a robust FY25 with significant revenue and earnings growth, driven by subscriber gains in mobile and fibre broadband. The company is poised for a transformative leap pending regulatory approval of its acquisition of M1 Limited.

NEXTDC has reported a significant 29% increase in contracted utilisation to 316MW, prompting a $400 million rise in FY26 capital expenditure guidance to support accelerated capacity expansion.

Genmin Limited has received a pivotal Letter of Intent from Sino-Hunan International Engineering and Development Co., Ltd to finance and co-develop its flagship Baniaka Iron Ore Project in Gabon, marking a significant step towards production.