Ironbridge to Privatise IT Financial Services Firm Bravura, at 48% > 3 month VWAP

28th June 2013. ASX-listed IT financial services firm Bravura (ASX:BVA) has announced the receipt of an indicative, non-binding, conditional proposal from its majority shareholder, private equity firm Ironbridge Capital to acquire all outstanding shares and options in the Company. Under the Scheme Proposal, Ironbridge has offered $0.28 cash per Bravura share less the amount of […]

Dimension Data acquires Sydney managed IT security services firm Earthwave

10th May 2013. NTT subsidiary Dimension Data today announced that it is has fully acquired Earthwave Corporation Pty Limited (‘earthwave’), a privately owned Australian Managed Security Services Provider (MSSP). The value of the acquisition has not been disclosed but has been described as in the “tens of millions”. The acquisition is in line with South […]

Telecom NZ acquires NZ cloud data centre and infrastructure services firm Revera for NZ$96.5m, est 6.43*2013 EBITDA

29th Apr 2013. Telecom Corp of New Zealand (NZE:TEL, “Telecom”) has announced it has signed a conditional agreement to acquire 100% of the ordinary shares of privately-owned New Zealand IT infrastructure and data centre company Revera Limited for NZ$96.5m, including debt. For the year ended 31 March 2013 Revera earned total revenues of approximately NZ$50m […]

TA Associates and Updata Partners To Acquire Melbourne Workflow Firm Nintex for US$220m, 14*2012 EBITDA

28th March 2013. Melbourne-based Micorosft Sharepoint value added solutions provider Nintex has announced it has received an offer for the business from two leading US private equity firms, TA Associates, a leading global growth private equity firm, and Updata Partners, a leading technology-focused growth equity firm. This follows an investment by Macquarie Capital in October […]

Hansen Corporation acquires energy market software firm Utilisoft Australia from Bglobal for A$3.5m, est .8*TTR

4th March 2013. Hansen Technologies (ASX: HSN) has announced the acquisition of Utilisoft Pty Ltd, the Australian energy market software solutions subsidiary of the UK-based Utiligroup Ltd, which is being divested by Bglobal plc, a UK smart grid solutions provider listed on the London’s AIM stock exchange (AIM: BGBL). The acquisition is for a cash […]

JB Hi-Fi acquires 51% of IT services firm Network Neighborhood

28th Feb 2013. Leading electronics and whitegoods discount retailer JB Hi-Fi (ASX:JBH) has announced the acquisition of a 51% majority shareholding in Network Neighborhood (“NN”), an education and corporate IT services business, with an option to acquire the remaining shares in 2014. Terms have not been disclosed. Network Neighborhood was founded in Melbourne in 1999 […]

Datasquirt Relists on the NSX as Enprise Group in A$1.74m IPO

1st Feb 2013. Former ASX-listed New Zealand company Datasquirt has relisted on Australia’s “second board”, the NSX, in a $1.74m IPO, named Enprise Group (NSX:ENS). This follows: the sale of Datasquirts business interests to American call centre provider LiveOps in Novermber 2011 for A$12.5m A distribution to Datasquirts shareholders of A$10m The delisting of Datasquirt from […]

Industrial distributor The Coventry Group Acquires WA-based IT services firm Multipro IT

1st Feb 2013. Western Australia-based industrial distribution group The Coventry Group Limited (ASX:CGL) has announced the acquisition of IT services firm Multiprogramming Pty Ltd (Multipro IT) for cash on an asset purchase basis through its IT services subsidiary Managed System Services (MSS). Terms have not been disclosed. West Perth based Multipro IT provides IT managed […]

Euronet acquires Sydney multi-currency payments firm Pure Commerce

8th Jan 2013. Euronet Worldwide, Inc. (Nasdaq:EEFT), a leading global electronic payments provider and distributor, today announced the acquisition of Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Terms have not been disclosed. Pure Commerce is head quartered in Sydney, Australia, and provides […]

NTT DATA Acquires Sydney SAP BI Firm Innogence for est. A$26m

12th Dec 2012. Tokyo-listed NTT Data Corp has announced the acquisition of Sydney-based SAP Business Intelligence services firm Innogence, through its SAP services subsidiary NTT DATA Business Solutions APAC, creating the largest SAP Business Analytics and SAP Database and Technology practice in Asia Pacific. The acquisition is believed to be mainly a cash transaction in […]

RXP Services Acquires NSI Technology for A$6.42m

20th Nov 2012. RXP Services (ASX: RXP) has announced the acquisition of information technology service provider NSI Technology Pty Ltd for a total consideration of A$6.42m. Founded in 1999, NSI has provided technology services in Australia, South Africa, the Middle East and the UK, assisting SME and enterprise organisations by supplying experienced technology consultants, infrastructure experts, […]

Qanda Technology Sells WebSpy to Fastvue Inc for A$1m+ to Focus on Marketboomer

12th November 2012. Qanda Technology Limited (ASX:QNA) has announced that it has entered into a binding share sale agreement to divest its 100% interest in the WebSpy business unit to Fastvue Inc, a software development company headquartered in Cupertino, California USA (incorporated in Delaware), and specializing in the development of real-time monitoring and reporting software […]

Imdex Acquires Mining Technology Firm ioGlobal for A$8m and 4*FY13 EBIT

19th Oct 2012. WA-based mining services and drilling firm Imdex Limited (ASX:IMD) has announced the acquisition of specialist mining cloud-based data management company ioGlobal for A$8m. The consideration for the acquisition will be satisfied by payment of A$4.8 million in cash and A$3.2 million in Imdex shares at an issue price equal to the volume-weighted […]

ERP firm RIB Solutions acquires cloud construction software firm CADX/ProjectCentre for est A$17.4m

5th Oct 2012. Listed German construction industry ERP firm RIB AG (FRA:RSTA) has announced the acquisition of Sydney-based CADX Pty Ltd, producer of ProjectCentre, a cloud-based project collaboration solution for the construction industry. Under the agreement RIB Solutions (“RIB”) has acquired 75% of the company and as a 5 year option over the remaining 25%, […]

UXC Acquires Oracle Applications Integrator Tripoint

5th Sept 2012. UXC Limited (ASX:UXC) is pleased to announce that its wholly owned subsidiary Red Rock Consulting Pty Ltd has finalised the completion of the acquisition of the business of Oracle integrator Tripoint Online Pty Ltd, including 50 staff, cementing Red Rock as one of the leading local managed service providers covering the Oracle […]

UXC acquires SAP Netweaver consultancy firm Stream

21st Aug 2012. UXC Limited (ASX:UXC) has announced that Oxygen Business Solutions, its wholly owned SAP software and services integrator subsidiary, has completed an agreement to acquire 100% of the shares of Australian specialist SAP consulting firm, Stream Holdings Pty Ltd. Terms were not disclosed however UXC advised the consideration will be paid predominantly in […]

Hills Holdings Acquires IT Services and Distribution Firm Lan 1

14th Aug 2012. Diversified Australian company, Hills Holdings Limited (ASX: HIL) has announced it has reached agreement to buy Lan 1. Lan 1 is a leading solutions provider of IP Storage, IP Networking, IP Security and IP CCTV and Access Controls. Terms have not been disclosed. Lan 1 is expected to turnover in excess of […]

IT Services firm RXP Acquires Stonewell Consulting for A$4.1m 2.5*Future PBT

2nd Jul 2012. Recently IPO’d IT Services firm RXP Services (ASX:RXP) has announced the acquisition of “startup” Melbourne IT Services firm Stonewell Consulting. At the same time it announced the acquisition of PL Consulting in Hong Kong. Both acquisitions are of early stage IT Services businesses and are based on a forward calculation of Profit […]

Canada’s Enghouse Acquires Kiwi Unified Comms Firm Zeacom for US$30.6m, 1*TTR

31 May 2012. Enghouse Systems Limited (TSX:ESL) announced today that it has acquired Zeacom Group Limited for a purchase price of US$30.6m, subject to price adjustments. Zeacom’s annual revenues for fiscal 2012 were approximately US$29 million, indicating a price of approvimately 1 times 12 months trailing revenue (TTR). The acquisition provides a liquidity event for […]

NEC to Acquire IT Services Business of CSG for up to A$260m, 7.5*EV/EBITDA

30th May 2012. CSG Limited (ASX: CSV) has announced an agreement to sell its Technology Solutions business to NEC Australia, a wholly owned company of Tokyo-listed NEC Corporation(TYO:6701). The transaction, for CSG’s managed services, enterprise services and strategic consulting business, comprises a base consideration of A$227.5 million; and a potential earn-out payment of up to […]

Datatec / Logicalis Acquires Brisbane IT Service Provider Corpnet for A$3.3m

1 May 2012 – Datatec Limited (JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, has announced that its UK-based subsidiary Logicalis has agreed to acquire Corpnet, a Brisbane-based provider of IT solutions including data centre, cloud and managed services solutions, to the Queensland, Australia mid-sized and enterprise markets. Corpnet is the primary business […]