Latest Enterprise Technology News

Metcash Limited posted a modest rise in FY26 revenue and EBITDA, driven by strong Food segment growth and strategic acquisitions, while facing pressure in Hardware margins and suspending its Dividend Reinvestment Plan.

Swift TV Ltd has secured $2.33 million through a $1.9 million placement and a $430,000 debt conversion, boosting its capacity to deliver contracted deployments and expand recurring revenue streams.

Prophecy International has appointed Jonathan Drake as CEO effective July 2026, aiming to strengthen leadership after a period of interim management and strategic recalibration.

ION Video has trimmed its monthly cash burn to $148,000, beating management’s forecast, and expects to maintain sufficient funding until at least mid-2027. Meanwhile, early-stage discussions with tech giants Meta and Alphabet remain active but non-binding.

ION Video Ltd has responded to ASX inquiries by confirming its recent discussions with Meta Platforms and Alphabet remain preliminary, with no binding agreements or commercial terms agreed. The company emphasised that the engagements are exploratory and non-binding, explaining why earlier disclosure was not required.

ION Video has entered substantive early-stage discussions with Meta and Alphabet, exploring potential applications of its patented video virtualization technology. These talks are part of a broader engagement with major global tech players, though no formal deals have yet been struck.

WhiteHawk (ASX: WHK) has acquired Quixxi, gaining the Clarity AI platform to extend its cybersecurity services into the burgeoning global AI governance sector. The deal positions WhiteHawk at the convergence of cybersecurity, data governance, and AI risk management amid rapid market growth and regulatory momentum.

Vection Technologies has secured approximately $4 million in new orders for its Algho AI platform, spanning 10 diverse industry verticals and reinforcing its strong momentum following a record half-year performance.

Swift TV has secured its first contract to supply hardware and engineering services for a Walk to Work vessel linked to a major offshore Oil and Gas operator, marking a strategic entry into a key sector.

Swift TV Limited has reported robust Q2 activity with over 4,300 devices pre-sold, including a significant 2,000-device order from Chevron, positioning the company for a commercial rollout in Q3 FY26.

Stakk Ltd aims to nearly double its annual recurring revenue to $15 million by mid-2026, driven by a strong enterprise pipeline and a flagship deployment of its new Mobile IQ SDK with Robinhood. This move underscores Stakk’s growing footprint in embedded finance security.

Vection Technologies has secured a $0.5 million follow-on purchase order from KIOSK Embedded Systems, expanding its AI kiosk portfolio and reinforcing its recurring revenue streams in Central Europe’s hospitality sector.