Latest It Services News

NEXTDC has announced a significant 30% increase in its pro forma contracted utilisation to 412MW, driven by new customer wins, while its forward order book has expanded to 301MW, signaling strong growth prospects.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.

Ariana Resources has locked in a strategic A$11 million investment from Hongkong Xinhai Mining Services to accelerate development at its Dokwe Gold Project in Zimbabwe. This deal includes equity funding, technical services, and a board appointment, marking a significant milestone for the company.

RemSense Technologies has secured a follow-up contract with ExxonMobil to deliver advanced digital twin solutions at the Bass Strait facility, reinforcing its role in the energy sector’s digital transformation.

Spark New Zealand has teamed up with Challenger Limited to offload $240 million in interest free payment receivables, reducing net debt and fueling mobile growth.

Swift TV Ltd has ceased its decade-long monthly subscription services with Mineral Resources, pivoting to a hardware-enabled SaaS model with its flagship Swift TV product. The company is set to deploy over 4,300 screens across 11 sites by March 2026, marking a significant strategic shift.

Star Minerals has secured court orders confirming the legitimacy of its auditor changes and share issuance notices, resolving prior compliance issues and lifting its ASX trading suspension.

Delorean Corporation faces a setback as Brickworks withdraws from the Horsley Park Bioenergy project, prompting a strategic pivot towards other developments and ongoing construction efforts.

Harvest Technology Group has drawn down an additional $1 million from its $6 million RiverFort funding facility, aiming to accelerate growth and strengthen its balance sheet.

Peppermint Innovation Ltd has raised A$500,000 to accelerate the rollout of its bizmoto digital wallet platform across the Philippine cooperative sector, targeting millions of members and aiming to boost transaction frequency and recurring revenue.

Burgundy Diamond Mines' subsidiary Arctic Canadian Diamond Company has secured a C$115 million senior secured loan from Canada's LETL facility to support operations amid US tariffs impacting diamond markets. The funding enables continued development and operational restructuring at the Ekati mine.

Downer EDI Limited has been named preferred contractor for four major New Zealand state highway maintenance contracts, securing an estimated NZD 870 million in revenue over initial contract periods starting May 2026.