Tech M&A Tracker - Centorrino Technologies, Akamai, Qualtrics 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

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Centorrino Technologies acquires Centauri 

The acquisition sees the Centauri team formally join CT’s Data Services division, expanding the organisation’s end-to-end capability across managed IT services, cyber security, cloud, data, AI and now Microsoft Dynamics 365.

Informotion acquires InTouch product suite

The suite is a purpose-built web and mobile interface, designed to extend OpenText Content Manager by enhancing the user experience.

LTM to acquire Randstad’s technology and consulting services business

The proposed acquisition would expand LTM’s presence in key markets, primarily across the areas of aerospace and defence, automotive, utilities and BFS.

LayerX joins Akamai to scale up AI usage control

LayerX, an agentless AI and browser security platform, aims to help complete Akamai’s offering with real-time security guardrails deployed directly at the point of interaction, ensuring that every AI, agent, and web interaction is immediately protected.

Moreover, combined with Akamai’s existing zero-trust capabilities, edge security, AI firewall, and threat intelligence, it will intend to help Akamai to put forward an end-to-end AI and interaction security platform, covering every facet of cybersecurity across any channel.

Once the acquisition is complete, LayerX and the LayerX teams will become a part of Akamai’s Enterprise Security organisation. 

Qualtrics acquires Press Ganey Forsta for US$6.75 billion

Adding Press Ganey Forsta - a provider of experience technology, data analytics and insights - to the Qualtrics XM dataset combines decades of proprietary healthcare data and regulatory systems with the company's Experience Management (XM) AI & data platform with the aim to supercharge human experience management for all industries.

More than 41,000 healthcare facilities rely on Press Ganey Forsta measurement systems, including the majority of U.S. hospitals. This proprietary advantage is based on decades of patient voice data, deep relationships with provider, payer, and post-acute leaders.

The combination of Qualtrics and Press Ganey Forsta enables healthcare providers and payers to benefit from the most robust and complete human experience set of experiential data in the world, Qualtrics claims.

This dataset creates the engine for a new generation of Al-driven synthetic experience intelligence systems capable of simulating outcomes, predicting human needs and behaviours, and orchestrating more personalised experiences.

Ivy Technology acquires ISP Tek Services

Ivy Technology, a portfolio company of Staple Street Capital that provides technology lifecycle services and infrastructure solutions, has acquired ISP Tek Services LLC, an IT asset disposition provider, from ASX-listed Close the Loop.

This strategic acquisition expands Ivy’s IT asset disposition capabilities, adding secure asset recovery, refurbishment, and resale services while extending Ivy’s operational footprint into Mexico.

Ivy Technology is a global provider of aftermarket services and lifecycle solutions for technology companies. The company supports OEMs and enterprises across industries including telecommunications, data center and hyperscale, enterprise technology, industrials, and healthcare by helping them build, deploy, manage, and sustain critical technology infrastructure. 

ISP Tek Services, LLC is an IT asset disposition (ITAD) and remarketing services provider specialising in high volume processing, testing, grading, refurbishment, and resale of end user technology including laptops, printers, and accessories. The company supports enterprise and consumer technology programs through established e-commerce and partner channels and delivers OEM-aligned, certified refurbished workflows that help maximize recovery value while enabling trusted reuse outcomes.

Close the Loop Group USA, Inc. is the owner of ISP Tek and is selling ISP Tek to Ivy Technology.

Staple Street Capital is a private equity firm.

Cohere acquires Reliant AI

Cohere, a security-first enterprise AI company, is acquiring Reliant AI, a biopharma AI company with operations in Montreal and Berlin.

This acquisition brings Reliant AI’s research team, proprietary biomedical datasets, and domain-optimised technology into Cohere's enterprise-grade sovereign AI platform, with the aims to expand Cohere's footprint in the global healthcare and life sciences sectors and build on existing partnerships across administrative, clinical, and revenue cycle workflows.

Together, Cohere and Reliant AI will equip healthcare and life sciences enterprises with a combination of AI technology, secure deployment options for highly regulated environments and deep domain expertise to improve processes and bring projects to market faster.

Reliant AI’s flagship product is an intelligent research workbench used by global biopharma organisations to automate systemic literature reviews, competitive landscaping, and extraction of unstructured scientific and regulatory data. The platform also enables rapid identification of therapeutic precedents and modelling of market viability, dramatically accelerating decision-making and time to market.

By integrating these capabilities, Cohere will accelerate the development of North for Pharma, an agentic AI system purpose-built to enhance productivity and efficiency for teams in the biopharma sector working across R&D, clinical development, and scientific analytics.

North for Pharma extends Cohere’s growing suite of North offerings for regulated industries, including finance and telecoms.

Reliant AI co‑founder and CEO Karl Moritz Hermann will join Cohere as VP of AI Verticalizations in Berlin, while fellow co‑founder Marc Bellemare will serve as VP of Modelling from Montreal.

As part of the agreement, Cohere will assume Reliant AI’s customer relationships, including GSK, Medicus Pharma, and Kyowa Kirin, and will continue on advancing Reliant AI’s ongoing engagements with major pharmaceutical companies.

EOS to acquire MARSS 

ASX-listed Electro Optic Systems Holdings Limited (EOS) has entered into an agreement to acquire the MARSS group business (MARSS), a Europe-based provider of command and control (C2) systems.

Established in 2006, MARSS is a defence and security technology provider focused on developing and marketing sensor-fusion technology and AI-enabled C2 systems primarily for counter-drone use

The acquisition includes MARSS’ NiDAR C2 technology, sensor-fusion and AI software platform and hardware offering, along with associated customer contracts, intellectual property and personnel

The acquisition intends to create an integrated, end-to-end solution for countering drones, allowing EOS to act as a true counter-drone system provider and to compete for larger, higher-value programs as a Prime Contractor. This includes the delivery and operation of turn-key solutions for the protection of critical infrastructure in the military, homeland security and civil domain, such as airports or power plants

It also expands EOS’ geographic footprint and broadens its end market presence, with scope to leverage MARSS’ defence, homeland security and civil relationships, as well as strengthens EOS’ in-house AI/software development capability.

EOS plans to embed the AI-enabled NiDAR technology into its existing remote weapon system product range. It is envisaged that this will create the ability for the systems to form a mesh-network, providing the client’s vehicle fleet hemispherical coverage against drone attacks – a new feature in today’s market, the company claims.

The transaction is structured as an asset acquisition, with consideration consisting of an upfront cash payment and an earnout, being additional contingent consideration tied to new MARSS sales.

This comprises of an upfront cash payment of US$36m (~A$54m); plus a potential earnout amount of up to €20m for each €100m (or part thereof) of certain new MARSS third party contract orders (up to €500m) secured prior to the end of the earnout period. The earnout payment is capped at €100m (~A$174m), subject to adjustments and is payable in a combination of cash (capped at €20m) and EOS shares. 

The acquisition is anticipated to be broadly neutral for earnings and operating cashflow in 2026,6 with completion expected in 2026, subject to customer, regulator and other approvals.

Red Cat closes acquisition of Quaze Technologies

Red Cat, a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, has acquired Quaze Technologies Inc., a Québec-based developer of wireless power transfer technology for unmanned systems, drones and autonomous machines.

Quaze will operate as an independent Red Cat business unit, continuing to develop and scale its wireless power architecture for integration across Red Cat’s Family of Systems, while maintaining its platform-agnostic model supporting third-party OEMs across air, ground and maritime domains.

At the core of Quaze’s platform is its QU6 electronic architecture, which enables large surfaces to function as wireless energy access points and can be embedded across a wide range of platforms and environments. Unlike traditional charging approaches, the system does not require precise alignment, physical connectors or direct contact between transmitter and receiver, allowing systems to access power even in the presence of debris, sand, ice or snow. By eliminating moving mechanical parts, the architecture reduces failure points and enables reliable operation in real-world field conditions where conventional solutions often break down.

Quaze’s technology can be deployed across a wide range of environments and platforms, including vehicle-mounted systems, drone-in-a-box solutions, uncrewed surface vessels, fixed infrastructure and underwater charging stations. This enables new operational concepts such as vehicle-based “mothership” deployments, distributed charging networks and persistent operations across complex terrain, borders, infrastructure corridors and maritime environments.

Red Cat expects Quaze to play an important role in expanding its all-domain capabilities, particularly as the company advances further into maritime systems and multi-platform autonomy. The ability to integrate wireless charging into uncrewed surface vessels and other mobile platforms creates new opportunities for persistent drone operations, including swarming, extended ISR missions and autonomous deployment cycles.

The acquisition also expands Red Cat’s addressable market by introducing a new revenue channel beyond its own platforms. Quaze’s technology is designed for integration into third-party systems as an embedded power capability, enabling adoption across a broad range of robotics platforms. This platform-agnostic approach positions Quaze as a potential standard for wireless power across the unmanned systems ecosystem, allowing Red Cat to generate revenue from systems it does not manufacture while accelerating adoption of autonomous technologies.

Mobix Labs to acquire U.S. rare earth and critical minerals company

Mobix Labs, a fabless semiconductor company that designs, develops, and supplies advanced connectivity and sensing solutions, has signed a non-binding Letter of Intent to acquire Special Project Delivery LLC (SPD), a strategic infrastructure platform building sovereign U.S. supply chains for rare earth elements, critical minerals, and energy storage.

The proposed acquisition would expand Mobix Labs - already a supplier to advanced U.S. and allied defense and aerospace systems - directly into one of the world's most strategically important industrial sectors.

Founded in 2019, SPD has assembled a U.S. critical-minerals and energy platform aligned with the major US federal initiatives reshaping the Western industrial base - including Project Vault, the recently announced $12 billion U.S. Export-Import Bank public-private partnership for critical-resource resilience, the Defense Production Act, and the DOE Loan Programs Office.

SPD's work includes recovery of rare earth elements from underutilised domestic feedstock - including legacy U.S. coal ash - using extraction technologies validated by U.S. defense-research partners. SPD is publicly aligned with the U.S. Departments of Energy and Defense, Lawrence Berkeley National Laboratory, two of the largest U.S. utility participants, and three institutional financial partners.

Moore Nanotechnology Systems to be acquired by Shibaura Machine Group

Moore Nanotechnology Systems is being acquired by an affiliate of Shibaura Machine Group, an industrial machine-tool manufacturer headquartered in Japan.

Founded nearly 30 years ago by Len Chaloux and Newman Marsilius III as a standalone subsidiary of the Moore Tool Company, Inc., Nanotech specialises in the design, development and manufacture of state-of-the-art ultra-precision machine tools and associated processes for the production of advanced optical and reflective components.

Shibaura Machine is a publicly-traded company based in Japan and is currently developing its business in 3 segments, with molding machines as its mainstay. Metal & Plastics Industrial Machine business unit has injection molding machines, die casting machines, and extrusion machines; Machine Tools business unit has machine tools and high-precision machine tools; and Control Systems business unit has engineering solutions, industrial robots and electronic control systems.

The transaction is expected to close within a few months, subject to receipt of regulatory approvals and satisfaction of certain other conditions.

Axion Semiconductor acquires Moov Technologies 

Axion Semiconductor, a semiconductor platform company focused on supply chain operations and services, has acquired Moov Technologies, an Austin, Texas-based semiconductor equipment marketplace and asset management platform serving customers in more than 55 countries.

Moov Technologies is a platform for the buying, selling and management of semiconductor manufacturing equipment and parts. Moov developed an interactive equipment marketplace and asset management platform, built on a technology stack designed to support global semiconductor manufacturing operations. 

Moov's platform supports the sourcing and sale of semiconductor fabrication, packaging, test, EMS and SMT equipment, as well as surplus, idle and scrap tools. In addition to marketplace services, the company provides logistics, de-installation, rigging, crating, refurbishment, installation and live shipment tracking capabilities for customers operating in multiple regions. Moov's platform combines digital marketplace functionality with operational services that support complex semiconductor equipment transactions from initial listing through delivery and installation.

Based in Colorado, Axion acquires and integrates semiconductor businesses into a unified operating platform 

Jim O'Reilly will serve as CEO of Moov Technologies, while Jeff Kielty will continue in his role as managing director. 

Moov Technologies will continue operating from its hubs in Austin, Texas, and New York, New York, while supporting customers across North America, Asia and Europe. The company also maintains operations in Tempe, Arizona and Taipei, Taiwan as part of Axion Semiconductor's broader platform.