Latest Technology Services News

333D Limited has confirmed a $1 million placement to fund significant upgrades to its digital asset management platform, explaining a recent sharp rise in its share price and trading volume.

Excite Technology Services has renewed a $2.14 million contract with Keyton Retirement Living to provide managed cyber security and IT services over two years, reinforcing a strong partnership in a critical sector.

NRW Holdings has agreed to acquire Fredon Industries for up to $200 million, significantly broadening its electrical, mechanical, infrastructure, and technology services. The deal is expected to boost NRW’s earnings and open new growth avenues tied to energy transition and digital innovation.

Atturra Limited has completed the acquisition of Blue Connections Pty Ltd for $18 million upfront, aiming to boost its managed services capabilities and establish a key Victorian hub. The deal includes performance-based earn-outs, signaling strategic growth in IT solutions.

Spenda Limited reported a 106% surge in revenue to $11.1 million for FY25, driven by acquisitions and expanded services, yet posted a substantial $24.3 million net loss largely due to goodwill impairment. The company’s strategic moves and funding needs highlight a pivotal phase ahead.

Victor Group Holdings has sharply reduced its FY25 loss to $275,449 from $3.53 million the prior year, while expanding its fintech presence through strategic stakes in LIT Technology and iRich Finance.

Hubify Limited reports a significant turnaround in FY25 with positive EBITDA and a robust cash position, despite a strategic revenue decline. The company’s focus on recurring managed services and cybersecurity positions it well for future growth.

Spirit Technology Solutions Ltd has reported a robust FY25 performance, driven by a 58% surge in Cyber Security revenue and a successful turnaround in its Secure Managed Technology segment. The company’s underlying EBITDA soared to $11 million, signaling strong momentum ahead.

Spirit Technology Solutions reported a 12.7% revenue increase and a 562% surge in underlying EBITDA for FY25, driven by strategic acquisitions that have positioned cyber security as its fastest growing segment.

Atturra Limited has become the first Australian Microsoft Solutions Partner to earn the Private Cloud Solution Partner designation, underscoring its leadership in sovereign and hybrid cloud services for critical sectors.

Swift Networks has renewed a $2.4 million contract to provide continuous technical support and entertainment services across three Chevron sites, reinforcing its foothold in the Oil and Gas sector.

NRW Holdings reported a 12.2% revenue increase to $3.27 billion in FY25, offset by a significant impairment linked to OneSteel receivables. The company declared a final fully franked dividend of 9.5 cents per share, underscoring confidence despite challenges.