Latest Managed It Services News

Comms Group Limited announces a strategic $10 million acquisition of TasmaNet and select assets from Field Solutions Holdings, alongside a $7 million capital raise, targeting a proforma FY25 revenue of approximately $75 million.

Comms Group Limited has inked a binding agreement to acquire TasmaNet, a leading Tasmanian communications provider, significantly expanding its network assets and customer base. This strategic move is expected to lift Comms Group’s proforma revenue to around $75 million and EBITDA to $9-10 million annually.

AJ Lucas Group has extended and increased its senior debt facility to $50 million, fully repaid its junior loan, and secured a shareholder loan extension with lower interest rates, positioning the company for reduced financing costs and future growth.

AJ Lucas Group Limited has secured a short-term extension on its debt maturities as it advances refinancing negotiations, signaling cautious optimism for its financial restructuring.

Urbanise.com Limited reported steady Q3 FY2025 revenue with recurring income dominating, resolved a key contract dispute, and maintained positive operating cash flow for the third consecutive quarter.

Energy Action Limited has posted a positive net operating cash flow of A$59,000 for the quarter ending March 31, 2025, while maintaining a robust cash balance of A$1.61 million. The company’s latest cash flow report reveals steady financing activity and prudent investment spending.

Resonance Health reports record $14.9M cash receipts over 12 months and completes cost-cutting measures while advancing two major pharma clinical trials on schedule.

5G Networks Limited has closed its on-market takeover offer for AuCyber Limited, acquiring an 89.685% stake but falling short of the 90% threshold needed for compulsory acquisition.

5G Networks Limited has automatically extended its takeover offer for AuCyber Limited after increasing its voting power to over 50%, signaling a decisive step toward full control.

RocketBoots Limited has secured a contract extension with a major Australian retailer and raised $1.5 million to accelerate its international expansion, while advancing multiple multinational trials of its AI-powered SaaS platform.

Excite Technology Services has achieved positive EBITDA in December 2024, driven by strong revenue growth and record customer receipts, notably from its Digital Forensics division and the integration of CDFS.

Prophecy International has inked a three-year global reseller agreement with US SIEM leader Securonix, aiming to generate over $1 million in new annual recurring revenue within the first year.