Latest Enterprise It News

HMC Digital Infrastructure Ltd’s DigiCo REIT has surpassed its IPO guidance with strong growth in contracted IT capacity and accelerated development projects in Australia and the US, positioning itself for a $180 million EBITDA run-rate by July 2026.

DigiCo Infrastructure REIT has reported a strong inaugural year, exceeding EBITDA guidance and accelerating capacity expansions in Australia and the US, positioning itself to capitalise on surging AI-driven data centre demand.

Tamawood Limited reports a robust 39% sales increase and stronger cash reserves following new project management software implementation, but a glitch in Work in Progress reporting has triggered a trading blackout as auditors investigate.

Gathid Limited reported a 178% jump in Annual Recurring Revenue for FY25 alongside a major platform upgrade, but ongoing legal disputes over a business sale and a dip in early FY26 revenue raise fresh questions.

Vection Technologies has announced the acquisition of Monogic Limited, a digital marketing agency based in Hong Kong and Singapore, marking a significant step in its Asia Pacific expansion strategy. The deal enhances Vection’s AI and XR capabilities while adding immediate revenue and earnings contributions.

RocketBoots Limited has renewed its pivotal contract with a major Australian retailer, extending an eight-year partnership and securing upfront cash payments. The company also anticipates additional inflows from banking sector pilots and R&D tax incentives, underpinning its growth trajectory.

Megaport Limited has announced a fully underwritten A$200 million equity raising to fund its acquisition of Latitude.sh, a global Compute-as-a-Service platform, alongside a strategic investment to accelerate network expansion in India. The acquisition is expected to significantly enhance Megaport’s revenue and EBITDA on a pro forma basis for FY25.

Megaport Limited has launched a A$200 million equity raising to fund the acquisition of Latitude.sh, a high-growth Compute-as-a-Service platform, and accelerate its network expansion in India. This strategic move aims to unify network and compute services, enhancing Megaport’s position in the hybrid cloud and AI markets.

OFX Group reports a modest decline in revenue for 1H26 but highlights strong progress in its OFX 2.0 platform rollout and client acquisition, setting the stage for future growth.

OFX Group reported a 5.6% decline in net operating income for 1H26 amid macroeconomic challenges but showcased strong progress in its OFX 2.0 platform transition and strategic investments aimed at long-term growth.

Activeport Group launches the Middle East and North Africa’s inaugural AI-powered Network-to-Network Interconnect Exchange, aiming to tap into the region’s booming A$112 billion telecom market driven by hyperscale AI data centre growth.

Intelligent Monitoring Group (IMG) reported robust FY25 results with $38.4m EBITDA and an 8.2% earnings rise, while projecting up to 24% EBITDA growth in FY26 fueled by AI innovations and key acquisitions.