Latest Software Sector News

Dropsuite Limited’s shareholders have overwhelmingly endorsed the proposed acquisition by NinjaOne Australia, voting in favour of the scheme at a hybrid meeting. The deal, valued at A$5.90 per share, now awaits final Federal Court approval.

WiseTech Global has confirmed its participation in the strategic review process initiated by US-based e2open, amid media speculation of a potential acquisition. While discussions remain preliminary with no certainty of a deal, the move aligns with WiseTech’s ongoing acquisition-driven growth strategy.

Energy Action Ltd reported a robust 22.7% increase in revenue to $2.7 million for Q3 FY25, alongside positive operating cash flow and continued investment in its AI-driven Utilibox platform, signaling strong momentum in energy management innovation.

ikeGPS Group Limited reported a robust 48% increase in annual subscription revenue exit run rate for FY25, driven by major U.S. utility contracts, while declining a non-binding $170 million acquisition offer due to shareholder resistance.

Bravura Solutions Limited has announced an ordinary and special dividend totaling AUD 0.1052 per share for the financial year ending December 2024, signaling steady shareholder returns despite an unfranked payout.

Pro Medicus Limited has reported a robust half-year financial performance for the period ending December 31, 2024, with net profit soaring 42.7% and an increased interim dividend declared.

Hansen Technologies has secured a pivotal five-year, A$50 million contract with Virgin Media Limited (VMO2), licensing its cloud-native software suite to enhance VMO2’s operational platforms and customer engagement.

Simble Solutions reports a robust Q4 FY24 with a 117% jump in customer receipts and a strategic $280k capital placement, underpinning its growth in energy and sustainability software.

Connexion Mobility reports a robust half-year performance with 15% revenue growth and a 43% jump in net profit, driven by product innovation and expanding dealership engagement.

Cape Range Ltd reports a robust 23% revenue increase in its Biztrak software business for the December 2024 quarter, alongside a 68% surge in cash receipts, while investing in strategic corporate initiatives to fuel future growth.

Nuix projects solid growth in Annualised Contract Value and revenue for the first half of FY25, despite elongated procurement timelines and increased contract complexity.

Dropsuite Limited posted a standout quarter with a 37% rise in annual recurring revenue and a 42% jump in paid users, underscoring the strength of its partner ecosystem and product innovation.