Our Tech M&A Tracker rounds up all the mergers and acquisition activity within both the local and international technology industry this past fortnight. Send your M&A news to editors@techpartner.news
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ASI Solutions buys NSW schools tech partner JTC Technology
JTC Technology provides IT support services to 100 schools across the Sydney metropolitan, Central Coast, Newcastle and Lower Hunter regions, with a mix of NSW Department of Education and Independent schools.
NEC Australia acquires Melbourne-based Exco Partners
Specialising in Microsoft Dynamics 365, Power Platform, Copilot and AI technology, the company counts the Fair Work Commission, ASIC, Red Cross Lifeblood and Bendigo Bank among its customers.
OpenAI to acquire Astral
OpenAI will acquire Astral, bringing open source developer tools into its Codex ecosystem.
Astral has built some of the most widely used open source Python tools, including uv, Ruff, and ty. OpenAI plans to support Astral’s open source products and by bringing Astral’s tooling and engineering expertise to OpenAI, the company aims to accelerate its work on Codex and expand what AI can do across the software development lifecycle.
Codex has already seen 3x user growth and 5x usage increase since the start of the year, and has over 2 million weekly active users, the company claims.
OpenAI's goal with Codex is to move beyond AI that simply generates code and toward systems that can participate in the entire development workflow - helping plan changes, modify codebases, run tools, verify results, and maintain software over time. Astral’s developer tools sit directly in that workflow and by integrating these systems with Codex, the company aims to enable AI agents to work more directly with the tools developers already rely on every day.
The closing of the acquisition is subject to customary closing conditions, including receipt of regulatory approval. Until the closing, OpenAI and Astral will remain separate and independent companies and after closing, the Astral team will join the Codex team at OpenAI.
Infosys to acquire Stratus and Optimum Healthcare IT
Infosys has announced a definitive agreement to acquire Stratus, a technology solutions provider for the property & casualty (P&C) insurance industry.
Headquartered in the United States, Stratus brings a team of over 450. The company is a Guidewire Software partner offering transformation solutions to P&C insurers. With a global delivery footprint that spans across the U.S., Canada, and India, Stratus delivers end-to-end Guidewire InsuranceSuite capabilities across PolicyCenter, ClaimCenter, BillingCenter, integrations, upgrades, cloud migrations, and application managed services.
Stratus has a dedicated data practice with capabilities across Guidewire CDA, Data Studio, DataHub and InfoCenter, Databricks, and Microsoft Fabric.
By integrating Stratus’ Guidewire and P&C insurance platform consulting expertise with Infosys’ global reach, Infosys Topaz AI offerings, and Infosys Cobalt cloud offerings, Infosys aims to be well-equipped to support insurers in core modernisation, cloud adoption, data-driven transformation, and enhancing customer experience. The collaboration also expands Infosys’ presence with new insurance customers and key buying centers globally.
The transaction is expected to close during the first quarter of FY 2027, subject to completion of closing conditions.
Infosys also announced a definitive agreement to acquire Optimum Healthcare IT, a hhealthcare digital transformation and consulting firm.
This investment aims to enhance Infosys’ presence in the provider segment, adding new clients and relationships, expanding technology capabilities, and creating synergies across new buying centers. Healthcare providers served by Optimum Healthcare IT will now have access to Infosys’ broader offerings across Infosys Topaz AI offerings, Infosys Cobalt cloud offerings, cloud engineering, infrastructure services, cybersecurity and application transformation.
Optimum Healthcare is an Elite ServiceNow partner, and received the 2026 ServiceNow Partner of the Year Award, is a Premier AWS partner, Workday Services partner and a Microsoft Azure partner.
The transaction is expected to close during the first quarter of FY 2027, subject to regulatory approvals and completion of closing conditions.
Submer acquires Radian Arc to provide full-stack AI infrastructure
AI infrastructure provider Submer will acquire Radian Arc Operations Pty Ltd, a provider of an infrastructure-as-a-service (IaaS) platform for running sovereign, telco-focused GPU cloud services.
The acquisition completes Submer’s full-stack cloud offering, bringing together InferX, Submer’s NVIDIA Cloud Partner (NCP) platform launched earlier this year, with Radian Arc’s carrier-embedded GPU edge computing platform. With Radian Arc deployed across 70+ telecom and edge compute customers globally and thousands of GPUs in operation, Submer’s combined footprint spans North America, Europe, the UK, India, the Middle East, and Asia-Pacific.
Radian Arc’s platform is used by telecoms companies inside their networks, to support cloud gaming and AI workloads, which demand both high performance and low latency. The platform’s ability to embed AI infrastructure delivers data sovereignty, processing data in-country, within local infrastructure, over telco billing and data systems.
Ecolab to acquire CoolIT Systems
Ecolab, a company specialising in water, hygiene and infection prevention solutions and services, has entered into a definitive agreement to acquire CoolIT Systems, a company specialising in liquid cooling technology for next-gen AI data centers.
CoolIT is expected to generate approximately $550 million in sales over the next 12 months.
Under the terms of the agreement, Ecolab will pay approximately US$4.75 billion in cash.. This represents 29x and 24x estimated next 12-month and 2027 adjusted EBITDA for CoolIT.
CoolIT is a pure-play data center liquid cooling company with end-to-end capabilities that designs and manufactures high-performance liquid cooling systems, including coolant distribution units (CDUs), cold plates and direct-to-chip cooling technologies.
The acquisition enables Ecolab to rapidly accelerate its recurring, high-margin data center cooling business, by adding mission-critical anchor technologies including CDUs, cold plates, liquid loops and rack manifolds, with substantial cross-selling opportunities.
The acquisition is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions.
Datavault AI enters into definitive agreement to Acquire NYIAX
Datavault AI, a provider of data monetisation, credentialing, digital engagement, and real-world asset ('RWA') tokenisation technologies, has signed a definitive agreement to acquire NYIAX Inc.
The acquisition will bring NYIAX's intellectual property portfolio and blockchain-powered trading platform built on a financial market infrastructure platform into Datavault AI's organisation. The combined company is expected to make institutional-grade, transparent trading infrastructure available to customers and accelerate the planned commercial launches of specialised exchanges.
The transaction builds upon an October 2025 letter of intent between Datavault AI and NYIAX, as well as prior multi-year commercial and intellectual property licensing agreements, including Datavault AI's patented ADIO ultrasonic technology, and a strategic technology alliance between the companies.
The combined company is anticipated to support the following launches:
- Information Data Exchange - Datavault AI's flagship patented marketplace for secure, privacy-preserving tokenisation, valuation, and trading of corporate data, experiential media, digital twins, and RWAs using Datavault AI's proprietary DataScore, DataValue, and Data Vault AI agents.
- International Elements Exchange - A global platform designed for tokenising and trading critical materials, commodities, research assets, and industrial elements as RWAs with full transparency and liquidity.
- American Political Exchange - A compliant marketplace enabling transparent trading of political data, advertising inventory, and related information assets.
- Sports-Centered NIL Exchange - As previously announced on January 28, 2026, Datavault AI and Sports Illustrated entered into an agreement to explore a potential collaboration for the development of a digital asset exchange enabling athletes to securely monetize and trade name, image, and likeness ("NIL") rights, fan engagement assets, advertising, and related digital collectibles.
- NYIAX Advertising Exchange - A next-generation marketplace enabling media companies and advertisers to buy and sell guaranteed advertising inventory through a transparent, technology-driven marketplace.
Yimutian Inc. to acquire Ningbo Xunxi Technology
Yimutian Inc. has reached a binding acquisition agreement with Ningbo Xunxi Technology Co., Ltd. ("Xunxi"), a Zhejiang-based enterprise e-commerce and digital procurement platform, to acquire 100% of the equity interests in Xunxi.
The total consideration is RMB 50 million, comprising RMB 40 million in cash payable to Xunxi's exiting shareholders and RMB 10 million in stock options awarded to the retained management team. The closing remains subject to customary conditions.
Xunxi was founded by a team of former senior executives from NetEase and Alibaba and has spent the past several years building what is now a scaled enterprise procurement and employee benefits platform. Its online marketplace lists more than 250,000 SKUs and serves close to 200 institutional clients — banks, government agencies, schools, and large corporates — that rely on the platform to manage employee benefits spending, marketing procurement, and bulk purchasing. The registered member base has grown to over 2 million users.
Xunxi's 2025 audited financials show RMB 340 million in top-line and RMB 5.8 million in net profit.
Yimutian has spent over a decade digitising China's agricultural supply chain and building the infrastructure to move goods efficiently from farm to buyer. Xunxi operates on the demand side of a related problem: it aggregates institutional purchasing power and routes it through a managed digital channel. Bringing the two together aims to create a more complete picture of China's B2B commerce stack — sourcing and supply chain on one side, enterprise procurement and distribution on the other.
Post-closing, Xunxi's management and key employees will join Yimutian and operate the business as a dedicated unit. The transaction includes a multi-year earnout arrangement through 2028 that ties a meaningful portion of total consideration to Xunxi's audited net profit performance.
For 2026, if Xunxi achieves audited net profit of RMB 15 million, RMB 22.5 million, or RMB 30 million, the earnout payout will equal 2x, 4x, or 6x of the respective net profit achieved. If 2026 net profit falls below RMB 12 million, Xunxi's founders are obligated to pay a cash compensation to the Company per the binding acquisition agreement.
If 2026 net profit falls between RMB 12 million and RMB 15 million, no earnout award is triggered and no compensation is owed. Equivalent earnout mechanics apply for 2027 and 2028, with specific targets and multipliers to be finalised and disclosed in the company's forthcoming SEC filings.
Miro acquires Reforge
Miro has acquired (subject to customary closing conditions) Reforge, an AI platform for product teams. The deal includes Reforge's team, learning platform, and AI-powered product development tools.
Reforge Learning will continue to operate as a separate entity at Reforge.com. Investment in new courses will continue, and the Reforge learning platform will maintain independent, vendor-neutral courseware.
Brian Balfour, Reforge’s current CEO, will join Miro as the company’s new Chief Growth Officer.
Tom Willerer, Reforge’s current COO, will join Miro as the company’s Chief Strategy Officer.
Reforge has more than 100,000 Reforge Learning alumni, and its customers include Workday, Xero, SAP, Mastercard, and Netflix.
Vena completes Acterys acquisition
Vena, an AI-powered Orchestrated Performance Management platform purpose-built to fully amplify the Microsoft technology ecosystem, has completed its acquisition of Acterys, a Microsoft Power BI–based operational planning and app development platform.
The move aims to strengthen Vena’s Orchestrated Planning solution and begins a phased integration of the two platforms.
Vena provides a governed, finance-orchestrated planning engine designed from the ground up intended to unlock the full power of Microsoft Excel and harness its increasing accessibility and reach through emerging LLM tools such as Microsoft Copilot and Claude. The Vena Platform and Vena AI agents aim to help finance teams accelerate planning, analysis and execution with AI-driven decision-making in their natural flow of work within the tool they know and love.
Acterys extends Vena’s offerings into advanced operational planning and application development through proprietary Power BI write-back and multidimensional modeling aligned with Microsoft Fabric.
Acterys CEO Mike Zack will continue to lead Acterys as General Manager, focused on scaling enterprise operational planning. Acterys Chief Technology Officer Hesam Ziaei joins Vena as VP, R&D, partnering on a unified roadmap with agentic functionality embedded across the platforms.
Both Vena and Acterys remain available via the Microsoft Marketplace.
Rapid7 acquires Kenzo Security
Rapid7 has acquired Kenzo Security, an agentic AI security platform built to scale autonomous security investigations.
Kenzo Security integrates, normalises, and unifies security data in its entity-centric data mesh to power multi-agent analysis, enabling autonomous alert investigations with intelligent rule tuning and dynamic playbooks.
By using multiple AI agents that work together while specialising in different security operations tasks, Kenzo is able to drive high-impact outcomes supporting all SOC functions. An average customer reported a 94% reduction in investigation time, and their alert coverage increased from 12% to 100%.
By integrating Kenzo’s data mesh with Rapid7’s Command Platform and embedding Kenzo Security’s proprietary AI models across MDR operations, the companies claim that organisations will benefit from AI-led workflows that automatically investigate and correlate alerts at machine speed, compressing time to detection and response.
The platform also ingests, triages, and investigates new and evolving threats while correlating activity across endpoint, identity, cloud, SaaS, and third-party data to uncover anomalies without additional human effort.
Agentic workflows continuously identify and prioritise exposures across endpoint, identity, cloud, and SaaS environments, connecting risk signals to active threats to accelerate remediation and reduce attack surface.
Rapid7 does not anticipate a material impact to revenue, ARR, profitability, or free cash flows associated with this transaction.-
Datamine expands operational mine management capabilities
Datamine, a provider of technology to plan and manage mining operations across the mining value chain, has acquired Mineware Africa and Mineware Consulting.
With over forty years of experience and operations in twenty countries, Datamine provides solutions spanning exploration, resource modeling, mine planning, operations, logistics, fleet management and sustainability to over 6,000 companies worldwide.
Mineware Consulting is a South African software development and consulting firm specialising in operational mine management systems. The company’s solutions leverage digital data to streamline and optimise modern mining operations by integrating multiple operational functions into a single platform.
Mineware’s flagship software, Syncromine Core, is a web-based mine management suite that consolidates key mining disciplines, including production and planning, safety monitoring, human resources, time and attendance, bonus calculations, ore accounting and geological analysis, budgeting, stores and ordering, and equipment control, into one accessible interface.
Syncromine Core’s cloud-native architecture enables users to access the system remotely on any device, supports implementation with reduced on-premises setup, and integrates with other systems via APIs to create a digital ecosystem.
In addition to Syncromine Core, Mineware offers a range of specialised modules including production management, survey and evaluation, sampling, and mine safety solutions, all designed to solve specific operational challenges. These modules streamline daily, weekly and monthly planning, capture survey and sampling data, enhance safety controls, and support integrated reporting across departments.
accesso acquires Dexibit
accesso Technology Group, a technology provider to leisure, entertainment and cultural markets, has acquired Dexibit Limited, an AI and analytics platform purpose-built for the visitor attractions industry.
accesso Intelligence connects data across ticketing, eCommerce, food and retail, operations and guest feedback, giving venue operators a complete picture of their business through a conversational AI interface.
The acquisition launches accesso Intelligence, a new AI powered cross platform capability designed to help operators make smarter, faster decisions across their business, connecting data across accesso's own solutions, as well as across the third party systems operators rely on daily.
Dexibit brings a cross vendor intelligence platform, built across more than 100 systems and years of aggregated data and benchmarks, aiming to power smarter decisions through unified data, conversational insight and forecasting.
With accesso Intelligence, it's claimed by the company that ooperators will be able to unify all data into a single intelligence layer, including ticketing, food, retail, operations, weather, visitor reviews, local events and data from third party and external systems.
It will also introduce conversational AI, as well as feed updates directly into accesso ticketing, virtual queuing and retail systems..
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