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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Efex sells majority stake to Advent Partners
Alceon Private Equity has sold its share in the business to fellow Australian private equity firm Advent Partners. Alceon took a 50 percent stake in efex for close to $30 million at the end of 2021, with efex founder and CEO Nick Sheehan retaining a 50 percent share. Advent Partners is taking a majority stake in the business.
Evergreen acquires Adelaide-based MSP Blackbird IT
Blackbird IT joins a portfolio of over 100 independent operating companies, including recent Australia and New Zealand acquisitions of Brisbane-based REDD, Perth-headquartered CT Group and Auckland’s Lancom Technology. Blackbird IT will continue operating independently under its current brand within Evergreen's operating company Lyra Technology Group.
Sekuro offers a suite of services designed to mitigate cyber risk, including 24/7 managed security services, governance, and risk & compliance (GRC) with a specialisation in Australian government IRAP assessments.Founded in 2021, the company has offices in five Australian capital cities and counts Canva, Atlassian, and Salesforce among its clients.
Novigi acquires Turning Point Advisory
The firm combines experience in strategy-led transformation with proprietary AI platforms that aim to change and accelerate how organisations prioritise opportunities, rapidly prototype solutions and scale successful AI-enabled initiatives. Turning Point Advisory has worked with clients across financial services, private equity portfolio companies, and other regulated sectors.
D6 Consulting integrated into Arinco brand
Arinco and D6 Consulting both operate under the Connetico brand, but as separate companies. As part of this integration, the D6 Consulting brand will be retired, with all team members and capabilities transitioning under the Arinco name.
MSSP LevelBlue to acquire cybersecurity firm Cybereason
Cybereason is a privately held company headquartered in Boston with customers in more than 30 countries, including the APAC region.
Earlier this year, LevelBlue agreed to acquire cybersecurity vendor Trustwave.
The acquisition of Cybereason aims to deliver several enhancements, including stronger endpoint security (XDR and MDR) and digital forensics and incident response (DFIR) capabilities.
LevelBlue provides end-to-end security, including penetration testing, risk assessments, detection engineering, and constant monitoring, and Cybereason’s strong presence in Japan, where it is among the largest providers, expands LevelBlue’s global footprint and regional delivery capabilities.
The move followed an announcement in late 2024 that Trustwave and Cybereason planned to merge, before that deal was terminated and the Cybereason CEO at the time stepped down, according to a report from Bloomberg.
As part of the transaction, SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital will become investors in LevelBlue,
Veeam to acquire Securiti AI for $1.725 billion
With the acquisition, Veeam is intending to eliminate the challenge of managing fragmented data across apps, clouds, SaaS, endpoints, and backups.
CIOs, CISOs, and CDOs will have a unified command center to control and understand all their data, as well as secure it with near-zero data loss or business downtime, recover and rollback data and AI, and safely unleash AI innovation.
This single control plane across production and secondary data enables enterprises to uniformly command their entire data estate – combining Veeam’s data resilience capabilities with Securiti AI’s Data Security Posture Management, data privacy and AI trust capabilities.
Following the close of the transaction, Securiti AI's president and CEO Rehan Jalil will join Veeam as president of security and AI.
The transaction is expected to close in the fourth quarter and is subject to customary closing conditions and regulatory approvals. Veeam will continue to offer Securiti AI’s Data Command Center alongside its existing product family and will announce new integrated capabilities.
NTT Data acquires Alchemy Technology Services
Alchemy Technology Services is a specialist insurance technology consultancy. NTT DATA’s insurance capabilities are driven by a network of more than 15,000 specialists operating in 26 countries worldwide. With over 300 clients worldwide, the company serves 6 of top 10 insurers by revenues..
Together, the companies will co-innovate around emerging technologies including AI, automation, sustainability and next-generation insurance products.
The acquisition aims to deliver enhanced value to insurance clients through expanded capabilities in core system implementation, digital transformation, testing and application management. It also strengthens NTT DATA’s regional presence in the UK and Ireland.
The Alchemy team will serve as a Global Centre of Excellence, helping shape and deliver complex transformation programs for insurers worldwide. Alchemy’s delivery model will be adopted internationally, with its academy training approach extended to support teams in other global locations.
CiTech to buy WA manufacturing company
Critical Infrastructure Technologies (CiTech), a developer of autonomous, high-capacity mobile communications and security platforms, has entered into a binding Term Sheet to acquire 100% of the issued shares in a Western Australian precision manufacturing company.
Under the agreement, CiTech will acquire the company from the founders for a total consideration of AUD $7.7 million, plus standard net debt and working capital adjustments.
The acquisition adds a profitable and well-established business to CiTech, with revenue exceeding AUD$7.4 million and EBITDA of more than AU $1.9 million. This provides an earnings base to support accelerated growth in sovereign defence manufacturing, enabling CiTech to scale production, strengthen supply chain control, and advance delivery of its Nexus 20 and future autonomous communication systems.
The business, founded in 1997 and based in Western Australia, has more than 25 years of experience delivering precision sheet-metal fabrication, CNC machining, and engineering solutions for the defence, mining, infrastructure, and government sectors.
The company is certified to ISO 9001 (Quality), ISO 14001 (Environment), and ISO 45001 (Safety) standards, and operates a fully equipped in-house manufacturing facility.
The business has successfully achieved DISP accreditation (Defence Industry Security Program), a critical credential administered by the Australian Department of Defence. DISP membership ensures that companies meet rigorous security, governance, and information protection standards required to work with Defence and its supply chain partners.
The founders will remain with the business through a structured transition and integration period.
The transaction remains subject to due diligence together with the finalisation of a Share Purchase Agreement (SPA) and standard completion conditions. It has been agreed to not name the company being acquired until after due diligence has concluded.
Completion is anticipated within 90 days of the Term Sheet’s execution.
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