Our Tech M&A Tracker rounds up all the mergers and acquisition activity within both the local and international technology industry this past month. Send your M&A news to editors@techpartner.news
For our sister series covering local people movements, click here.
Dicker Data to acquire Sektor Group for NZ$138m
Sektor was established in 2009 and employs approximately 230 people across Australia, New Zealand, Thailand and Malaysia.
Ctrl:cyber to acquire cybersecurity consultancy Razilio
The deal follows ctrl:cyber's acquisition of elevenM, a Sydney-based cyber advisory, privacy, AI and data governance consultancy, at the start of 2026
Axelo acquires Melbourne-based cybersecurity provider Cynch
Melbourne-based Cynch provides a cyber risk assessment and guidance platform for small businesses, enterprises and technology partners, delivering tailored remediation plans and coaching among other services.
Avocado Consulting acquires AI Consulting Group to launch data and AI practice
The acquisition brings a team of 20 across from AICG, which has spent more than eight years delivering AI solutions across retail, finance, government and mining for clients including BHP, the NRL, Fremantle Ports, Downer Group and the Department of Education.
CRMIT Solutions acquires Brooke Global to expand public sector consulting
The acquisition is the company's stated step toward becoming what it described as a leading transformation partner for ANZ organisations seeking to modernise customer experiences and unlock AI-driven decision-making.
Swoop to sell Sydney fibre assets to Xenith for $4.5m
The sale forms part of what Swoop described as an ongoing strategy to realise value from non-core assets and concentrate on its core consumer telecommunications businesses.
Melbourne MSP listed for sale after going into administration
Currently trading under administrators and established in 2015, CTM Professional Services serves enterprise, government and commercial customers across Australia, with revenue of approximately $7.49 million in FY26.
Proofpoint to acquire Varonis in US$6.3 billion deal
The combined company will serve more than 16,000 enterprises and millions of organisations globally, creating "one of the world’s leading pure-play cybersecurity companies and establishing the industry's largest data and AI cybersecurity organisation", the companies claimed.
Schneider Electric to buy US software firm PTC in $22.6 billion deal
The PTC acquisition would expand its industrial software and AI business by adding the Boston-based company's product-design and lifecycle-management software to its offering.
SAP to acquire TechWolf
SAP SE and TechWolf have entered into an agreement for SAP to acquire TechWolf, a provider of an AI work intelligence platform.
TechWolf gives enterprises a continuously updated view of the work their people do and the skills they have, using its proprietary data model called context graph for work.
The acquisition will bring this context graph, along with TechWolf’s AI models and applied AI research team, into SAP, establishing work intelligence as a strategic SAP asset. The deal is expected to close in Q4 2026, subject to usual closing conditions, including regulatory approval. Terms of the deal were not disclosed.
TechWolf works from existing HR and business systems that customers connect. It builds its model of the organisation at three levels: the work itself, down to the tasks inside a job; the skills people have and apply; and the external labour market. It maps that against the customer’s business strategy, so the leaders responsible for hiring, reskilling and redeployment are working from better information.
TechWolf is expected to become an intelligent core of the SAP SuccessFactors portfolio, supporting the company’s talent and work intelligence strategy. TechWolf will power workforce and talent strategies across SAP SuccessFactors, bringing skills mapping, workforce planning and organisational redesign informed by context from across the Autonomous Enterprise. Once the transaction closes, TechWolf and SAP will unify skills and work data to inform HR and business leaders to guide decisions about development, deployment and workforce transformation.
Joint SAP and TechWolf customers using the technology are seeing measurable results from the partnership the two companies have had. Building on that foundation, SAP and TechWolf will jointly co-innovate a concrete set of new AI-powered workforce and skills optimisation products to be designed and developed post-close. SAP plans to integrate TechWolf’s solutions to a greater degree, offering customers even better insights and work intelligence to help organisations plan reskilling, internal mobility and hiring.
SAP’s current plans are for TechWolf to remain as an independent entity under CEO Andreas De Neve in its Ghent headquarters, with offices in London, New York and San Francisco, and for its platform to remain available to both SAP and non-SAP customers.
11:11 Systems acquires select IBM VMware Cloud Service Provider enterprise customers
11:11 Systems, a managed infrastructure solutions provider, has completed the acquisition of select IBM VMware Cloud Service Provider enterprise customers.
Broadcom has recently optimised its VMware Cloud Service Provider (VCSP) partners program to improve customer outcomes; 11:11 Systems is the largest, private, global VCSP.
The acquisition further expands 11:11 Systems’ global reach across North America, EMEA, APAC and South America and expands its ability to support complex enterprise migrations through an integrated portfolio of cloud infrastructure, connectivity, cyber resilience and recovery services.
11:11 Systems has acquired seven major VMware-based businesses - iland Cloud, Green Cloud Defense, Unitas Global, Sungard Availability Services, Faction, Ntirety and Digital Sense - and the acquisition of select IBM VMware Cloud Service Provider enterprise customers will mark 11:11’s eighth purchase of a VMware CSP business and eleventh acquisition overall.
Quorum Cyber announces intent to acquire Ontinue
Quorum Cyber, a Microsoft-centric cybersecurity services provider, has signed a definitive agreement to acquire Ontinue, a managed extended detection and response (MXDR) provider delivering non-stop managed security through its Agentic Security Operations Center (SOC).
The proposed transaction would unite two Microsoft-focused companies with complementary strengths in managed detection and response, proactive risk reduction, incident response, professional services and AI-first security operations.
Following closing, the combined company is expected to deliver a broader, full-lifecycle approach to cyber resilience, spanning secure AI adoption, proactive security improvement and 24/7 threat detection through incident response and recovery.
The transaction would also extend the organisations’ reach across North America, the UK and the DACH region, strengthening support for customers operating across borders and navigating regional regulatory, compliance, and data-governance requirements.
Quorum Cyber is a Microsoft Solutions Partner for Security holding all Microsoft Security specializations, a member of the Microsoft Intelligent Security Association (MISA) and the 2025 Microsoft Security MSSP of the Year.
Ontinue is also a first wave MISA member, five-time Microsoft Gold Partner, and recipient of several key Microsoft awards, including MSSP Partner of the Year.
The intended portfolio evolution would deepen support for Microsoft Azure, Defender XDR, Sentinel, Entra, Purview, Microsoft 365 Copilot, Microsoft Security Copilot, Microsoft Scout, Agent 365 and emerging agentic security capabilities.
Eterna Growth Partners, a private investment firm and current majority investor of Quorum Cyber will be the majority investor of the combined company.
The transaction is expected to close after customary closing conditions and any required approvals. Until then, Quorum Cyber and Ontinue will continue to operate as independent companies. Financial terms were not disclosed.
Salesforce signs definitive agreement to acquire Braze
Salesforce has entered into a definitive agreement to acquire Braze, a customer engagement platform, for approximately US$5.66 billion in enterprise value.
Braze helps marketers build deeper customer relationships by responding to customer behavior in real time, coordinating personalised experiences across mobile apps, websites, email, SMS, WhatsApp, and more.
Its cloud-native, event-streaming architecture is optimised for high-volume, real-time B2C engagement, continuously updating customer profiles and adapting customer journeys while powering trillions of messages and journey actions each year.
BrazeAI extends these capabilities with AI-powered optimization across content, offers, channels, and timing, helping marketers make each interaction more relevant.
Following the close of the transaction, Braze’s real-time engagement and AI decisioning capabilities are expected to complement all four layers of Salesforce’s architecture - Data 360, Customer 360, Agentforce, and SIForce.
Within Customer 360, Braze is expected to strengthen Marketing Cloud’s cross-channel personalisation, helping brands turn a deeper view of each customer into richer experiences, optimised in real time at the scale needed to reach hundreds of millions of people.
Braze serves approximately 2,770 customers, including Canva, Dairy Queen, Equinox, Instacart, Urban Outfitters, and Venmo. Led by co-founders Bill Magnuson and Jon Hyman, Braze would also bring deep expertise in mobile experiences, data engineering, and customer engagement to Salesforce Marketing Cloud.
The transaction is expected to close in Salesforce’s fiscal year 2028, subject to customary closing conditions, including approval by Braze’s shareholders and receipt of required regulatory approvals.
Freshworks to acquire Torii
Freshworks has signed a definitive agreement to acquire Torii, extending Freshservice into software management and AI spend governance.
The company stated that it believes the combination of Freshservice and Torii can bring the full picture of a company's technology inventory, usage, and spend into one place: visibility into every application, license, and identity running across the organization; clarity on what it costs and what it's worth; and faster access for employees with fewer tickets for IT.
Torii tracks AI consumption to the token, attributes it to the people and teams driving it, and forecasts where it's heading, so IT can charge it back, set limits, and catch a spike while it's still small.
The acquisition is expected to close in Freshworks' fourth fiscal quarter of 2026, subject to customary closing conditions.
Inseego to acquire Nokia's Fixed Wireless Access business
Inseego and Nokia announced have signed an agreement in which Inseego will acquire Nokia’s Fixed Wireless Access (FWA) CPE business.
The transaction will strengthen Inseego’s position as a global wireless broadband company with a broader portfolio spanning fixed wireless, mobile broadband, and cloud-managed connectivity for consumer and business markets, and is expected to approximately double the company’s revenue, and give it a global footprint.
The transaction includes plans for joint go-to-market initiatives between the two companies in 6G and wireless edge to capture the opportunities in AI and to further advance the FWA business. The collaboration will also explore joint innovation and carrier 5G monetization opportunities, as well as consumer and enterprise growth opportunities at the wireless edge.
Under the agreement, at the closing of the transaction, Nokia will receive approximately a 7% equity stake in Inseego in the form of common stock and warrants, representing a value of US$20 million. At the close of the agreement, Nokia will make an additional $10 million investment in Inseego in the form of common stock and warrants, to further strengthen the commercial collaboration, that will bring its total ownership interest to approximately 11%.
The transaction is expected to close in Q4 2026, subject to certain terms and conditions.
Unit4 to acquire Napta
Unit4, a provider of enterprise cloud applications for service-centric organisations, is acquiring Napta, the Paris-based resource management and skills-intelligence platform for professional and business services firms.
Napta will continue to operate under its existing leadership, brand and open ecosystem model, serving both existing and new customers including many of the world's consulting, audit, IT and engineering firms.
Together the companies will cover the full professional services lifecycle, with Unit4 and Napta already sharing a number of customers who run the platforms side by side.
Napta has grown rapidly from its headquarters in France to serve a customer base in 70 countries around the world. Following the acquisition, Napta will continue to be led by co-founder and CEO Arnaud Caldichoury, with all three co-founders remaining with the business.
The companies plan to connect Napta's skills and resource capacity data with Unit4's project, financial and people data, so that firms can plan projects and staff them with the right skills, while seeing the financial impact in one connected flow. Additionally, Napta and Unit4 will continue to invest in integrations with all the major ERP, PSA and HCM platforms for customers running any ERP or PSA suite.
Unit4 has laid out plans to grow the company through deeper penetration of its core verticals in professional and business services organisations, public service, nonprofit, and education, alongside innovation in AI tools and an accelerated migration of customers to its cloud-native ERPx platform.
Dayforce to acquire Ribbon AI
Dayforce has signed an agreement to acquire Ribbon AI Inc. (“Ribbon”), an AI-native recruiting technology company that helps organisations source, screen, and engage qualified talent.
The acquisition will add specialised agentic recruiting capabilities to Dayforce, including Ribbon’s conversational voice and video AI technology, helping organisations conduct high-quality candidate interviews at scale.
Ribbon’s voice AI interviewer conducts conversational, two-way interviews around the clock; starting with a job description, it can automatically generate interview questions and a scoring rubric from relevant past interviews.
Ribbon evaluates candidates based on interview transcripts, helping create a more structured and job-relevant assessment process. Video and other built-in integrity checks can detect unusual audio, gaze, and response-timing patterns.
Beyond interviewing, Ribbon provides AI-powered sourcing and talent rediscovery capabilities that help employers uncover qualified candidates within their existing talent pools. The technology has been tested across as many as 30 million candidates within a single applicant tracking system and supports candidate outreach through SMS, WhatsApp, and email.
Ribbon is also nearing completion of an AI scheduling agent designed to further streamline the hiring workflow.
Following the close of the transaction, Ribbon’s technology will be integrated natively into the new Dayforce Agentic Recruiting experience. The combined capabilities will help Dayforce customers source, screen, evaluate, and engage talent through a more connected, agentic recruiting experience.
Keystone invests in Australia, expands footprint with Sydney office
Keystone, a global advisory firm that guides technology and science-based platforms and ecosystems, has announced a permanent office in Sydney, expanding its global presence and long-standing commitment to Australia.
Keystone’s integrated global team already works regularly with Australian businesses and law firms and the Sydney office is the firm’s second in Asia-Pacific following its recent launch in Bengaluru.
The Australian operation opens with around a dozen employees combining local hires with secondees from Keystone’s established offices in the United States and the United Kingdom. Keystone aims to roughly triple the team within two years.
Since its founding in 2003, Keystone has studied how technology ecosystems develop, how digital platforms compete and how transformative innovations change markets. Its economists, technologists and strategists work together with an Expert Field of the world’s leading academics and industry leaders to understand how technology operates and assess its commercial, economic and legal consequences.
The firm’s Strategic Advisory AI Navigator practice, guided by Harvard Business School Professors Karim Lakhani and Marco Iansiti, also works with major Australian firms. Keystone’s September acquisition of Zero Gravitas adds hands-on executive AI education and capability development to AI Navigator, helping CEOs and boards build the practical understanding needed to lead AI transformation.
Keystone has also appointed Dr. Lilla Csorgo as Partner and Senior Economic Advisor in its Sydney office. Csorgo previously served as Chief Economist of the Australian Competition and Consumer Commission, Chief Economist at the Canadian Competition Bureau and a Lay Member of the High Court of New Zealand.
Keystone’s founding Expert Field in Australia also includes Joshua Gans, Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at the University of Toronto’s Rotman School of Management. Until 2011, Gans was an economics professor at Melbourne Business School in Australia. His work connects AI, economics and business strategy, complementing the firm’s technical and competition capabilities.
Csorgo and Gans will be joined in Australia by Keystone Senior Partner Michael Cragg. Cragg is an economist focusing on strategy, antitrust, damages, finance and valuation disputes.
Through its Sydney office, Keystone will support Australian clients across AI strategy and implementation, governance and safety, economic analysis, investigations and litigation.
Freeway becomes part of Movement Software
Movement Software, the Northern European group of more than 20 niche software companies across transportation and logistics, vehicle digital solutions and public mobility, has acquired Freeway Fleet Systems, a UK fleet maintenance and asset management software specialist.
The acquisition adds proven fleet management expertise to the group and extends Movement’s global reach through Freeway’s presence in southern Africa, the Middle East and the Asia-Pacific region.
Freeway provides enterprise-level software, with a platform that covers the full maintenance cycle in one system: scheduling, defect management, workshop and supplier management, parts and stores, purchasing, fuel data and cost analysis. Its mobile apps cover driver checks, engineer inspections, electronic job cards and timesheets.
For Movement, Freeway is a core acquisition with genuine international reach. Freeway will continue to operate with its existing brand, team and products, while gaining access to the wider expertise, resources and investment of Movement Software.
ESCO announces agreement to acquire Megger Group
ESCO Technologies today announced that it has agreed to acquire the Megger Group Limited (Megger) business of TBG AG (TBG).
Under the terms of the definitive agreement ESCO will acquire Megger for total consideration of US$2.35 billion, consisting of US$0.9 billion in cash and ESCO equity valued at approximately US$1.4 billion.
Megger is a global provider of testing, monitoring, and data-driven solutions for utilities and critical electric infrastructure, including industrial, transportation, data center and renewable end markets. Megger has a presence across the globe with key hubs in the United Kingdom, Europe, North America, and Asia.
Megger will become part of ESCO’s Utility Solution Group (USG) segment. Their products and services include battery, cable, circuit breaker, relay, transformer, and motor test equipment, on-line monitoring solutions, and data analytics for grid and electric power assets.
Onside acquires workflow software company Assura
Onside has acquired Assura, bringing together two Christchurch-founded software businesses to expand its operational intelligence platform for agriculture.
The deal adds Assura's configurable workflow software to Onside's existing platform for contractor management, biosecurity, health and safety, and quality assurance.
Onside said the acquisition will help agricultural businesses connect operational data across the agriculture ecosystem giving them better visibility of risk, informed decision-making and an easier way to manage compliance. It also strengthens its ability to serve customers ranging from producers and service providers through to larger multi-site enterprises and processors globally.
The acquisition adds an experienced team and established enterprise customer relationships. Together, the combined business will support more than 60,000 users across six countries, including New Zealand, Australia, the United States, United Kingdom, Mexico and Fiji.
The acquisition comes as Onside enters its next phase of growth and begins a capital raising process to support its expansion and accelerate investment in its people, technology and international markets.
Hamish Howard, CEO of Assura, will join Onside's leadership team to support the company's growth.
Financial terms of the transaction are not being disclosed.
Austco Healthcare to acquire RTM Solutions
Austco Healthcare has entered into a binding share purchase agreement to acquire 100% of the shares in RTM Hold Co Pty Ltd, the holding company of Real Time Monitoring Solutions Pty Ltd and Real Time Monitoring Cloud Pty Ltd (together, “RTM”), a Brisbane-based provider of real-time monitoring, reporting and systems-integration software for healthcare and aged care facilities.
The acquisition, its first of a software technology company, is expected to grow Austco’s software and recurring service revenue, strengthen its proactive monitoring and maintenance capabilities, and broaden the integration functionality available across Austco’s global customer and installed base.
The acquisition is inter-conditional with Austco’s acquisition of CareTech Systems Pty Ltd.
RTM’s vendor-agnostic platform has a library of more than 300 system interfaces, including an interface with Austco’s Tacera platform, and is deployed at more than 600 sites across Australia.
The deal includes upfront cash consideration of approximately A$9.44 million, subject to customary completion adjustments, of which A$3.0 million is expected to be held in escrow pending renewal of a key customer contract, plus a performance-based cash earnout calculated by reference to RTM’s FY27 and FY28 EBITDA.
Based on current forecasts, the earnout is estimated at approximately A$5.82 million, implying estimated total consideration of approximately A$15.26 million. The earnout is uncapped, and the actual earnout consideration may be higher or lower depending on RTM’s performance.
RTM was established in 2012, is headquartered in Brisbane and has 27 staff.
The company's cloud-based platform covers nurse call, duress, access control, CCTV, building management and other systems.
Austco intends to offer RTM Cloud through its operations in North America, the United Kingdom, New Zealand and Asia, and through its global reseller network. Because the platform is vendor-agnostic, it can be sold into existing Austco sites and into facilities that use other vendors’ systems, widening Austco’s addressable market.
Each RTM installation creates ongoing software licence, maintenance and support revenue, which complements Austco’s existing hardware, software, service and maintenance offering.
RTM’s platform sits above individual systems, including Austco’s own, and monitors the health of the whole site. It positions Austco as a technology platform across the care environment, not only a provider of individual communication systems.
RTM will operate as a standalone business within Austco’s Australian operations during the earnout period to 30 June 2028, with key management and technical personnel remaining with the business under executive services agreements.
Completion is expected on or around 1 December 2026 and is subject to conditions precedent customary for a transaction of this nature.
Midea Group completes acquisition of Esaote
Esaote S.p.A., specialists in the medical imaging sector, has completed the controlling stake acquisition of its share capital by Midea – the Chinese global technology group headquartered in the district of Shunde, Foshan.
Esaote will be part of Midea Healthcare and will continue to operate as an independent global medical equipment company, headquartered in Genoa, Italy, with R&D and manufacturing facilities in Italy and the Netherlands.
Midea will accelerate Esaote’s growth through targeted investments in R&D, operations and manufacturing capabilities.
The new partnership will provide Esaote with enhanced access to a broader technology ecosystem, complementary imaging capabilities and a larger innovation platform. Esaote would be ideally positioned to leverage on product development, shorten innovation cycles and explore new applications and market segments.
The transaction will strengthen Midea’s positioning on the medical imaging business globally. Midea’s product portfolio - covering DR, high-field MRI, CT and DSA - complements Esaote’s premium brand and strengths in ultrasound, open and dedicated MRI systems, as well as medical IT solutions.
The company will continue to be led by Franco Fontana, who has been confirmed by the new shareholders in his role as CEO.
EVIDENT completes acquisition of CrestOptics S.p.A.
Evident has completed the acquisition of CrestOptics S.p.A., a Rome-based developer and manufacturer of advanced optical imaging systems for spinning disk confocal and super-resolution microscopy.
The acquisition broadens Evident's life science imaging portfolio and deepens its capability in high-speed, high-content 3D imaging for research, pharma, and biotech applications.
Founded in 2011, CrestOptics designs and manufactures confocal spinning disk and structured illumination microscopy (SIM) modules that integrate with microscope platforms from leading manufacturers worldwide.
Its portfolio includes the X-Light family of spinning disk confocal systems, featuring precise optical sectioning and uniform illumination across a class-leading field of view; the compact CICERO widefield and spinning disk solution, which brings highly capable entry-level confocal within reach of any lab; and DeepSIM, a Lattice SIM super-resolution module that delivers sub-diffraction imaging with the accessibility of a widefield system.
Evident and CrestOptics have collaborated as partners for several years, with CrestOptics spinning disk technology already integrated into Evident microscope configurations. The acquisition formalises and expands that relationship.
CrestOptics will continue to operate from its Rome headquarters and R&D and manufacturing facility and maintain its existing partner and distribution relationships.
Asurion completes acquisition of Domestic & General
Asurion, a specialist in technology care, support, and protection, has completed its acquisition of Domestic & General (D&G), a provider of appliance protection across the UK, Europe and beyond.
By combining Asurion’s technology care capabilities with D&G’s appliance expertise, partner relationships and international reach, the acquisition advances Asurion’s strategy to help customers manage and get more from the growing number of connected devices and appliances in their homes.
The combination also expands Asurion’s presence internationally and in the U.S. appliance market, strengthening its position in the US$150+ billion connected home devices market.
There are no immediate changes to how Asurion or D&G serve their customers or partners as a result of the acquisition. Domestic & General will continue to operate under its existing brand within Asurion.
Financial terms of the transaction were not disclosed.
.jpg&h=142&w=230&c=1&s=1)
.jpg&h=142&w=230&c=1&s=1)
