Latest Managed It Services News

Comms Group Limited has finalized a new three-year debt refinancing agreement with Westpac, improving its financial flexibility and positioning for future acquisitions.

Adisyn Ltd has completed a strategic review, deciding to boost investment in its graphene-based semiconductor arm while exploring options to unlock value from its managed IT services business.

Bendigo and Adelaide Bank has been hit with a $50 million operational risk capital charge by APRA, while AUSTRAC launches an enforcement investigation into serious AML/CTF breaches. The bank commits to intensifying risk management efforts amid regulatory scrutiny.

FlexiRoam has launched Travel AI, the world’s first AI-powered eSIM agent integrated into WhatsApp, aiming to revolutionize how travellers and enterprises manage connectivity.

Magellan Investment Partners has launched the Magellan Global Opportunities Fund, an actively managed ETF targeting long-term outperformance of the MSCI World Index with a strong ESG focus and reduced management fees.

Magellan Asset Management has launched the Magellan Infrastructure Fund (Currency Hedged), an actively managed ETF trading on the ASX under ticker MICH, targeting global listed infrastructure with currency hedging and ESG integration.

MFF Capital Investments appoints Gerald Stack as CEO and Managing Director, signaling a strategic evolution with a proposed dividend increase to 10 cents per share.

Bell Financial Group reports a strong turnaround with a 17% rise in profit before tax for the 11 months to November 2025, driven by growth across key divisions and a robust second half.

Ryder Capital Limited has announced an on-market buy-back program targeting up to 7.56 million ordinary shares, signaling a strategic move in capital management starting December 2025.

Excite Technology Services Limited reported a remarkable 370% revenue increase to $13.54 million for H1 FY2026, driven by strong growth across its cybersecurity, digital forensics, and IT managed services divisions. However, losses widened 43% to $2.51 million, reflecting restructuring and scaling costs, while the company secured $2.1 million in convertible notes to support its growth ambitions.

Comms Group has secured a new $10.7 million refinancing package with improved terms, including additional funding capacity for acquisitions and equipment finance. This move aims to enhance financial flexibility and support future growth initiatives.

AVADA Group reported a 10.5% revenue decline in FY2025 amid operational consolidation and leadership changes, while conducting a strategic review of its New Zealand operations. Despite setbacks, the company remains cautiously optimistic about future growth.