Latest It Services News

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K2 Asset Management has decided to wind down its K2 Australian Small Cap Hedge Fund Complex ETF after a strategic review found it unlikely to meet profitability targets. The closure paves the way for reallocating capital to higher-growth areas and streamlining product offerings.
Claire Turing
Claire Turing
17 Apr 2026
Proteomics International Laboratories has slashed a quarter of its workforce and appointed a new CFO amid a strategic pivot to commercial diagnostics, aiming to save over $1 million annually and sharpen execution.
Ada Torres
Ada Torres
17 Apr 2026
The ACCC has escalated its scrutiny of Insurance Australia Group’s proposed takeover of RAC Insurance, citing potential substantial lessening of competition in Western Australia’s motor and home insurance markets.
Claire Turing
Claire Turing
17 Apr 2026
The ACCC has escalated its review of Insurance Australia Group’s proposed takeover of RAC Insurance, flagging significant competition concerns in Western Australia’s motor and home insurance markets.
Victor Sage
Victor Sage
17 Apr 2026
Predictive Discovery Limited has finalized its acquisition of Robex Resources, creating a combined entity aiming for over 400,000 ounces of gold production annually by 2029. The merger consolidates two key West African gold projects under one ASX and TSX-listed company.
Maxwell Dee
Maxwell Dee
17 Apr 2026
HITIQ Limited has drawn down a $1 million loan from a major shareholder associate, with plans to convert the debt into convertible notes subject to shareholder approval. The initial tranche aims to bolster working capital amid ongoing capital market challenges.
Sophie Babbage
Sophie Babbage
16 Apr 2026
The Federal Court has approved the acquisition scheme for Insignia Financial by CC Capital Partners, setting the stage for a $4.80 per share cash payout and imminent ASX suspension.
Claire Turing
Claire Turing
16 Apr 2026
Kinatico Ltd has reported a 30% year-on-year rise in SaaS revenue to $5.2 million for Q3 FY26, with EBITDA up 27% amid extended sales cycles and economic uncertainty. The company’s AI-native compliance platform is well positioned for regulatory tailwinds starting July 2026.
Sophie Babbage
Sophie Babbage
16 Apr 2026
Connexion Mobility reported a record $3 million quarterly revenue, boosted by exclusive software deployment for GM Canada’s Enhanced Exposure Program, while net profit before tax fell 31% due to higher expenses.
Sophie Babbage
Sophie Babbage
16 Apr 2026
Botanix Pharmaceuticals has agreed to terms with Piramal to establish an alternate supplier for the active ingredient in Sofdra, aiming to reduce costs by up to 40% and strengthen its supply chain.
Ada Torres
Ada Torres
16 Apr 2026
PPK Group’s majority-owned PowerPlus Energy has won a $2.3 million ARENA grant to scale up its Melbourne battery pack manufacturing, aiming to triple production capacity to 150 MWh annually over two years.
Maxwell Dee
Maxwell Dee
16 Apr 2026
DGL Group reported a 5.8% revenue decline to $225.2 million in H1 FY26, weighed down by audit qualifications, ERP rollout delays, and one-off impairments. Despite these headwinds, the company cut net debt by $16.4 million and advanced strategic site consolidations and new facility investments.
Victor Sage
Victor Sage
16 Apr 2026