Latest Managed Services News

DUG Technology has resolved a US$2.1 million legal dispute with a supplier by agreeing to a US$1.5 million settlement, avoiding further court action without admitting liability.

Clime Investment Management has entered a strategic partnership to combine its advice business with a leading Australian financial advice group, retaining a significant equity stake and vendor financing role.

The Supreme Court of New South Wales has approved the convening of meetings for National Storage REIT securityholders to vote on a $2.86 per security acquisition offer by a Brookfield-GIC consortium. The independent expert report supports the transaction as fair and reasonable, with the NSR Board unanimously recommending approval.

Hubify has provided detailed terms of its $250,000 equity investment in Australian AI firm HubLab, reinforcing its AI-first growth ambitions targeting enterprise and government sectors.

MCS Services Limited reported a 32% revenue decline for the half-year ending December 2025, alongside improved EBITDA and no significant impairments. The company is moving forward with a proposed sale of its Highways Traffic business, though an auditor’s going concern warning casts a shadow over its near-term outlook.

SOCO Corporation reports a 12% revenue drop to $9.7 million for H1 FY26, weighed down by a $4.6 million goodwill impairment linked to AxSym. Despite growth in core consulting, the company posted a significant net loss and undertook restructuring to align costs.

Hubify has completed a strategic $250,000 placement at a striking 425% premium to fund its AI-first growth strategy, including a key partnership with HubLab to deliver AI-powered ICT and cybersecurity services.

Aland Equity Group reported a sharp revenue decline and an 85% increase in losses for the half-year ending December 2025, while completing a major capital raise and reshuffling its board.

AVADA Group Limited reported an 11% revenue increase to $101.5 million in H1 FY26, driven by strong growth in Queensland and New South Wales and early gains from its business transformation. Despite a statutory loss, adjusted EBITDA improved, setting the stage for a stronger second half.

Atturra Limited reported a $4 million loss for the half-year ending December 2025, even as revenue jumped nearly 28%. The company’s recent acquisition of Blue Connections adds complexity to its financial outlook.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

DUG Technology’s US subsidiary has been ordered to pay over US$2 million following a breach of contract ruling, but the company is gearing up to contest the judgment through appeals.