Tech M&A Tracker - Bastion, ctrl: cyber, Mac Centre and more

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

For our sister series covering local people movements, click here.

Bastion Security Group to acquire Phronesis

This marks Bastion's third acquisition in Australia, following the recent acquisitions and integrations of Melbourne-based managed services provider Cythera and Perth-based Seamless Intelligence.

Cybersecurity provider ctrl:cyber acquires Sydney-based consultancy elevenM

The acquisition follows the recent addition of talent to Ctrl, with former Shelde founders joining to lead a specialist cyber engineering team, whose experience includes delivering capability at scale to Australia’s largest enterprise organisations operating in critical environments.

Mac Centre spins out Rhubarb into its own Apple-led MSP

Mac Centre’s current chief executive and director Danny Moore told techpartner.news that the new brand and company will allow for better differentiation, helping the managed services offerings stand out from the hardware and software provision that Mac Centre is known for.

WiseTech to divest Expedient following ACCC investigation

WiseTech acquired Expedient as part of its acquisition of e2open Parent Holdings, Inc. which completed in August 2025.

CrowdStrike to acquire Seraphic

CrowdStrike has signed a definitive agreement to acquire Seraphic Security, a browser runtime security company, integrating Seraphic’s browser-native protection with the Falcon platform’s endpoint telemetry and threat intelligence and SGNL’s continuous authorisation technology.

With Seraphic, CrowdStrike transforms the SOC by correlating trillions of endpoint signals with deep, in-session browser telemetry, allowing the Falcon platform to understand user intent, application context, and data flow in real time. Permissions are dynamically granted per session and per risk signal – and immediately revoked as needed – stopping attacks before impact.

The acquisition will allow businesses to secure how GenAI applications and agents are accessed, preventing shadow AI from scraping or exfiltrating sensitive corporate data; move beyond the login screen with continuous, identity-driven verification and dynamic policy controls that follow the user through every tab; prevent the copying, uploading, or screen-grabbing of sensitive data using AI-based content filtering and granular execution-layer controls; stop session hijacking, sophisticated phishing, and man-in-the-browser attacks at the point of execution by randomising the browser's JavaScript engine; and provide "agentless-style" protection for contractors and third parties by securing the browser session without requiring a full endpoint agent.

The purchase price is contemplated to be paid predominantly in cash and includes a portion to be delivered in the form of stock subject to vesting conditions. The proposed acquisition is expected to close during CrowdStrike’s first quarter of FY’27, subject to customary closing conditions.

DoiT acquires SELECT to eliminate Snowflake waste

DoiT, a company specialising in enterprise-grade FinOps and CloudOps solutions, has acquired SELECT, a data optimisation company purpose-built to help organisations gain visibility and control over data platform spend, starting with Snowflake.

The acquisition represents a strategic milestone within DoiT’s previously announced $250 million AI investment strategy and builds on recent acquisitions, including LiveDiagrams, PerfectScale and CloudWize. Together, these investments aim to position DoiT as the most comprehensive platform for managing cost, performance and governance across the modern cloud stack.

For SELECT customers, there is no change. Contracts, pricing, support channels, and product functionality remain the same, and the SELECT team will continue to build and operate the platform. Over time, customers will gain access to broader DoiT capabilities and integrations while maintaining continuity in service, reliability and roadmap execution.

For DoiT customers, SELECT’s technology will be integrated into the DoiT Cloud Intelligence platform as PerfectScale for Snowflake, extending FinOps automation into the data layer. PerfectScale for Snowflake delivers deep visibility into Snowflake usage and applies policy-driven automation to safely reduce waste without compromising performance or data quality.

Founded by data engineers, SELECT automatically detects inefficiencies such as misconfigured compute resources, inefficient queries and misaligned resource usage. Unlike traditional reporting tools, the platform continuously enforces optimisation policies in real time, translating detailed query and resource telemetry into clear, actionable business outcomes.

Under DoiT, PerfectScale for Snowflake will become a core pillar of the DoiT Cloud Intelligence platform, unifying data platform optimisation with budgets, cost allocation, anomaly detection and automated workflows. Customers will benefit from AI-assisted recommendations that analyse cloud and data telemetry together to execute safe, high-impact optimisation actions.

The SELECT team will join DoiT and lead the continued development of PerfectScale for Snowflake, playing a central role in DoiT’s long-term roadmap for automated data platform optimisation.

Micron signs letter of intent to purchase Tongluo site

Micron Technology, an American producer of computer memory and computer data storage, has signed an exclusive Letter of Intent (LOI) to acquire Powerchip Semiconductor Manufacturing Corporation’s (PSMC) P5 fabrication site in Tongluo, Miaoli County, Taiwan, for a total cash consideration of US$1.8 billion.

The acquisition includes an existing 300mm fab cleanroom of 300,000 square feet and will further position Micron to address growing global demand for memory solutions. The LOI also aims to establish a long-term relationship between Micron and PSMC for Micron’s post-wafer assembly processing and to support PSMC in its legacy DRAM portfolio.

The transaction is anticipated to close by calendar Q2 2026, following the closure of deal agreements and the required regulatory approvals. Upon closing the transaction, Micron will assume ownership and control of the P5 site to equip and ramp up DRAM production in phases, with PSMC relocating its Tongluo operations over a specific time. Micron expects this acquisition to contribute to meaningful DRAM wafer output beginning in the second half of calendar 2027.

Cloudflare acquires Astro to accelerate the future of high-performance web development

Cloudflare has announced that The Astro Technology Company team, the creators of the Astro web framework, will be joining Cloudflare.

Astro is a popular JavaScript web framework used by major brands like Unilever, Visa, and NBC News, as well as hundreds of thousands of developers, to build fast, content-driven websites.

Astro will remain open source to ensure the long-term growth and development of the project under Cloudflare’s stewardship. 

Astro is already the backbone for successful platforms like Webflow and Wix that run on Cloudflare. Astro recently introduced the beta release of Astro 6, which brings support for additional JavaScript runtimes, improves performance and speeds up build times.

Cloudflare is also committed to continuing to support open-source contributions, via the Astro Ecosystem Fund, alongside industry partners including Webflow, Netlify, Wix and Sentry.