Latest Managed Services News

Prime Financial Group has acquired Lincoln Indicators, significantly expanding its wealth management platform and client base. The deal is expected to boost recurring revenue and contribute to Prime’s ambitious growth targets.

Prime Financial Group has agreed to acquire Lincoln Indicators, a leading Australian investment research and funds management firm, significantly boosting its wealth management capabilities and client base.

Corporate Travel Management Limited reported strong half-year results for the period ending December 31, 2024, with significant EBITDA growth and effective capital management, returning $52.3 million to shareholders. The company sets ambitious FY25 and FY26 targets focused on sustainable profit growth and market share expansion.

AUCyber Limited reported a substantial $19.5 million net loss for the half-year ended December 2024, driven by a $14.7 million impairment following underperformance post-merger. The company has since received and recommended a takeover bid from 5G Networks Limited.

Smart Parking Limited has reported a robust half-year performance with a 20% increase in revenue and a 70% rise in net profit, driven by international expansion and operational growth across multiple markets.

St George Mining has forged a strategic partnership with global EPC leader Xinhai, securing an A$8 million investment and a pathway to fast-track the Araxá niobium-REE project in Brazil.

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.

WhiteHawk Limited reports solid Q4 2024 results with $718K revenue and a major $2.4 million contract renewal, while advancing new partnerships and managing costs amid a modest operational cash loss.

ASF Group Limited reported a $1.58 million cash balance for the December 2024 quarter, highlighting ongoing investments and a director retirement that could influence its strategic direction.

FirstWave reports a stable Q2 FY25 with no cash burn for the second consecutive quarter, maintaining cash reserves at $1.68 million while securing key client contract renewals and launching a promising new product.

SSH Group Ltd reports a strong Q2 FY25 with a 89% increase in operating cash flow and a significant 19% reduction in equipment-backed debt, while securing a preferred tender notice for a major gold mining project.

Quantum Graphite has lodged its final US$300 million financing application with the US EXIM Bank for Project Utile, alongside securing a new exploration license EL7019 in South Australia. The company is poised to release updated JORC 2012 exploration targets soon, underpinning its growth strategy.