Latest It Services News

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.

Life360, Inc. reported robust Q3 2025 financial results driven by subscription and partnership revenue growth, alongside a leadership transition and strategic capital moves. The company also announced a major acquisition to bolster its advertising platform.

Etherstack plc reports a record-breaking FY25 with revenues up 62%, driven by major US and UK contracts, and projects continued strong growth into FY26 and beyond.

Jumbo Interactive’s 2025 AGM highlighted solid early FY26 growth across its core segments alongside transformative acquisitions in the UK and US, prompting a cautious dividend policy revision to balance growth and debt reduction.

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.

Tolu Minerals has appointed Dr Chris Muller as Managing Director and CEO, signaling a strategic push towards ramped-up exploration and resource development in Papua New Guinea.

Downer EDI Limited has landed a substantial $750 million contract with Chevron Australia to provide maintenance and support services at key Western Australian energy facilities over up to 15 years.

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.

Optiscan Imaging has entered a three-year strategic collaboration with Australian Clinical Labs to validate and deploy its InForm™ digital pathology platform, aiming to transform diagnostic workflows with real-time tissue analysis.

SSH Group has completed a $2.53 million strategic placement with Xinhai Mining Services, welcoming the global EPC+M+O leader as a 15.5% cornerstone shareholder and setting the stage for accelerated growth.

Stealth Group Holdings has acquired Hardware & Building Traders for $22 million, creating Australia’s largest integrated hardware and industrial distribution platform and upgrading its FY28 financial outlook.