Latest It Services News

Heartland Group Holdings has agreed to acquire TSB Bank for NZD 620 million, merging the two into a challenger bank with $18 billion in assets and expected 20% EPS accretion.

Corporate Travel Management reports progress on UK customer remediation with funding plans underway and final agreements near completion. The company maintains strong client retention above 97% and aims to release audited FY25 and reviewed 1H26 financials by end of June, eyeing a swift return to ASX trading.

Intelligent Monitoring Group (ASX:IMB) has finalized its A$37 million purchase of Wormald NZ and Red Wolf, expanding its New Zealand footprint and projecting a 20.9% accretion in earnings per share.

ASF Group has divested its non-core coking coal subsidiary for A$3.08 million, aiming to refocus capital towards growth and working capital enhancement.

Strata Minerals has secured a binding agreement with BML Ventures to fund and manage mining at its Zelica Gold Project, paving a capital-light path to production and profit sharing.

ARC Funds Limited has secured $600,000 through a share placement priced at a 33% premium to its last traded price, aiming to strengthen its working capital and support growth initiatives.

Raiz Invest announces a leadership change with Brendan Malone stepping down as CEO and Craig Keary taking over, signalling a new chapter for the fintech amid steady growth.

Straker Limited uncovers approximately US$4 million in fraudulent transactions at its US subsidiary, prompting forensic investigations and share trading suspension.

Ventia Services Group has secured a $133 million, five-year extension to manage the Australian Marine Complex-Common User Facility in Henderson, reinforcing its strategic role in maritime and defence infrastructure.

Centrepoint Alliance has agreed to acquire client books from Cairns Wealth and Pinnacle Wealth, expanding its salaried advice business and Queensland presence. The $3 million deal is expected to add $0.6 million in EBIT and be earnings accretive in FY27, supported by a new $10 million NAB acquisition facility.

Vection Technologies secures a $3.3 million order from Media Comunicazione for its Accessibility Kiosk platform, adding a third profitable revenue stream to its FY26 momentum alongside defence and AI businesses.

Findi Limited surged revenue by 36% to $83 million for FY26 but posted a hefty $52.6 million net loss, weighed down by integration costs and capital delays. The company completed a major consolidation of its Indian financial infrastructure assets and secured $25 million in fresh capital to support growth and liquidity.