Our Tech M&A Tracker rounds up all the mergers and acquisition activity within both the local and international technology industry this past three weeks. Send your M&A news to editors@techpartner.news
For our sister series covering local people movements, click here.
Evergreen buys WA-based MSP OSIT, marks largest ANZ acquisition
Founded in 1996 and headquartered in Western Australia, OSIT supports 1,000 small and midsize businesses and more than 20,000 users across Perth, Sydney, and Melbourne.
First Focus continues NZ M&A focus, buys MSP OneHQ
Built over more than 20 years, OneHQ supports small and midsize New Zealand businesses with managed support, cyber security, cloud, connectivity and technology services.
iCatalyst acquires Brisbane-based Beyond CRM
Founded in Brisbane, Beyond CRM has built a reputation in the market for delivering highly specialised solutions built on the Microsoft Dynamics and Power Apps platform.
Accenture takes majority stake in Dragos
The Dragos' Platform will expand to cover the extended environment that controls physical processes, as well as be enhanced through Accenture's acquisitions of runZero and NetRise.
Engineering services provider Tasmea to purchase electrical contractor for $254m
Maxim Group is a specialist electrical contractor headquartered in Victoria, with a focus on the data centres, major government infrastructure and BESS and renewable energy markets.
XPON to offload Google business Datisan to Incubeta Australia
Datisan is an Australian digital marketing technology company and one of a select group of certified GMP and GCP reseller and managed services businesses in the Asia-Pacific region, according to XPON, delivering data analytics, marketing technology, and GMP services to enterprise clients across Australia and New Zealand.
The company also announced it had entered into a binding agreement to divest 100% of the shares in Alpha Digital to Coopers Shield, a company associated with Alpha Digital's founder Matthew Cooper. Completion is expected in June 2026.
Dragos acquires Phosphorus
Adding Phosphorus aims to extends Dragos capabilities to secure connected devices across the full xOT environment, delivering deeper device visibility, automated remediation, and continuous risk reduction.
Phosphorus offers a discovery and remediation platform for connected devices, which integrates with customers' existing infrastructure without requiring disruptive architectural changes. The platform actively discovers and provides deep visibility into devices across OT and enterprise environments, delivering detailed risk context and continuous situational awareness across the extended device landscape.
Phosphorus automates remediation workflows, including password rotations, firmware updates, certificate management, and configuration hardening, while helping organisations address compliance and reduce risk at scale.
Dragos claimed customers will gain expanded asset visibility and integrated device intelligence in the near term, with automated remediation workflows and a unified platform experience to follow. Phosphorus customers will continue to be fully supported, with expanded access to Dragos offerings as integration progresses. Sonu Shankar will continue to lead the Phosphorus business as a General Manager within Dragos, through a structured, phased integration.
The acquisition builds on Dragos' October 2024 acquisition of Network Perception, which added expanded OT network visibility, segmentation validation, and compliance to the Dragos platform. Where Network Perception maps and secures the network architecture, Phosphorus secures the devices running on it.
Zscaler to acquire Symmetry Systems
Zscaler has announced the intent to acquire Symmetry Systems, a company specialising in identity mapping and data access for AI security.
Symmetry Systems’ access graph maps how human and non-human identities, applications, and data connect across the enterprise — the foundational visibility security teams need to govern how AI agents communicate with applications, data, and each other at scale.
The access graph works by ingesting enterprise-wide access logs from SaaS applications, public cloud services, data stores, and AI systems, using AI to correlate them into an access graph displaying which identities are accessing which data and how.
Combined with the Zscaler Zero Trust Exchange platform, this visibility will become the foundation security teams use to build and enforce the policies governing how AI agents communicate with applications, data, and one another.
Symmetry Systems will reveal which identities are communicating with which applications and data, and the Zscaler Zero Trust Exchange will use those relationships as the foundation for policy: who can communicate with what, under what conditions.
For example, when an AI agent accesses a customer record, Symmetry Systems will immediately reveal what triggered the agent, the identity it used, and the systems it touched. If the behavior is risky, the Zero Trust Exchange will dynamically enforce the appropriate response.
Computacenter announces acquisition of Government Acquisitions Inc.
Computacenter, an independent technology and services provider, has acquired Government Acquisitions Inc. (‘GAI’), a Value-Added Reseller focused on the US federal government market.
GAI, headquartered in Cincinnati, Ohio, is an IT solutions partner for federal agencies and employs approximately 90 people. GAI reported gross invoiced income in 2025 of approximately US$390m with adjusted EBITDA of approximately US$8m.
The existing GAI leadership will remain in their roles to run the business which will operate as a specialist federal government focused unit and part of Computacenter's North American operations.
Asana acquires StackAI
Asana has completed the acquisition of StackAI, a no-code AI workflow platform that enables companies to design, test, deploy and govern custom AI agents and intelligent automation of business-critical workflows.
The platform connects workflows, data, and actions across enterprise systems such as ERP, CRM and ITSM, to automate operational processes like customer support, IT service requests, compliance workflows, and broader cross-functional business operations.
Bringing StackAI and Asana together pairs cross-system execution with the platform where teams already plan and run their work alongside the context, ownership, and history of every project. AI Teammates serve as the bridge, pulling context from the Work Graph into StackAI workflows and sending resulting actions and data back into Asana.
The StackAI team is led by co-founders Tony Rosinol and Bernard Aceituno, both MIT PhDs. They are joining Asana as part of the acquisition.
Motorola Solutions to acquire D-Fend Solutions
Motorola Solutions has entered into a definitive agreement to acquire D-Fend Solutions, a company specialising in counter-drone technology, for a purchase price of US$1.5 billion.
D-Fend’s field technology is trusted by government, public safety and enterprise organisations, with thousands of deployments across more than 30 countries, with annual revenue growth of over 50% over the last three years and expected full year 2026 revenues of US$185M.
D-Fend’s solution supports operational continuity for authorised drones to perform their assigned tasks, by isolating and safely removing rogue drones from the airspace. This helps avoid collateral damage and costly area-wide shutdowns.
The transaction is expected to close in the fourth quarter of 2026, subject to required regulatory approvals and satisfaction of other customary closing conditions.
UniSea acquires AI-powered frontline intelligence company Kaiko Systems
UniSea has completed the acquisition of German maritime software company Kaiko Systems to further expand its Fleet Management System (FMS) with AI-powered pre-inspection tools, establishing a new international maritime tech group.
The combination brings together two complementary specialist software businesses serving the global maritime industry, with the combined group supporting over 4,000 vessels worldwide.
UniSea’s HSEQ, maintenance, procurement, and drydocking platform supports more than 3,000 vessels. Kaiko Systems delivers specialized, AI-powered tools for vessel inspections, SIRE 2.0 self-assessments, port state control preparation, and more used on over 1,000 vessels with leading ship managers – including Columbia Group and OSM Thome – across tanker, bulk, container and mixed fleets.
Kaiko Systems' mobile-first SaaS platform helps maritime crews prepare for and improve their score on mandatory inspections, offering end-to-end coverage for SIRE 2.0, visual inspections of hull and equipment, and AI-enabled features across the inspection workflow. Complementary modules let crews track vessel health and standardise reporting, reducing manual workload onboard.
Kaiko Systems will continue to operate as a distinct product with its own roadmap and team. Customers using either product today are not required to change how they work, but the combined group will offer seamless integration points so data can flow between Kaiko and UniSea modules.
Kaiko brings strong AI capability to UniSea, with its platform applying AI and proprietary computer vision across inspection workflows, including document detection, image verification and corrosion detection.
VoidZero is joining Cloudflare
VoidZero, the company behind Vite, Vitest, Rolldown, Oxc, and Vite+, is joining Cloudflare. As part of this change, all team members of VoidZero are joining Cloudflare, too.
Vite, Vitest, Rolldown, Oxc, and Vite+ will also stay open source, vendor-agnostic, and community-driven. Nothing about that changes.
Vite's roadmap continues to be driven by the broader Vite team and community, and continues to be developed in the open.
Vite is the foundation underlying Vue, SvelteKit, Nuxt, Astro, Solid, Qwik, Angular, React Router, TanStack Start. Even Next.js now has a Vite-based implementation in vinext.
Cloudflare is committing US$1 million to a Vite ecosystem fund to support maintainers and contributors, administered by the Vite core team.
The Vite and Cloudflare teams have been collaborating before this announcement, starting in 2024 with the Vite Environment API. The Environment API lets Vite run server code in something other than Node.js during development.
Salesforce signs definitive agreement to Acquire Fin
Salesforce has signed a definitive agreement to acquire Fin, formerly Intercom, a customer agent company. Under the terms of the agreement, Salesforce will acquire Fin for approximately US$3.6 billion, subject to customary purchase price adjustments.
Fin’s core offering, its AI Agent, resolves complex customer queries end-to-end, across every channel, including live chat, email, WhatsApp, SMS, phone, and Slack. The AI Agent is powered by the company’s proprietary AI model, Apex, that is purpose-built for customer support and has demonstrated resolution rates that outperform top commercially available frontier models.
Fin’s packaged offerings and proprietary models will complement Agentforce’s customisable platform with additional fast-to-value deployment options for service organisations.
Upon close, Salesforce and Fin will give customers more ways to deploy AI agents across their customer service operations, with fast time-to-value options especially well-suited for SMB and some commercial organisations that need to launch quickly, integrate with existing systems, and deliver measurable outcomes.
Together, Salesforce and Fin will support customers at every stage of AI adoption, from rapidly deployable support agents to more tailored, enterprise-scale transformations built on trusted data, security, governance, and integration.
Fin’s AI agent technology will also help organisations improve autonomous resolution, reduce cost-to-serve, and accelerate AI adoption across their service organisations. The acquisition will also bring a long-tenured technical AI team and an established global customer base of more than 30,000 companies to Salesforce.
The transaction is expected to close in the fourth quarter of Salesforce’s fiscal year 2027, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory clearances.
Neo4j acquires GraphAware
Neo4j has announced an agreement to acquire GraphAware, an intelligence analysis software company for government agencies, aiming to launch a new generation of AI-powered, graph technology solutions based on open standards as an alternative to Palantir Gotham.
This marks a key milestone in Neo4j’s $100 million AI investment roadmap, accelerating the development and delivery of autonomous, context-aware agents that turn raw, siloed data into explainable, actionable intelligence.
Bringing GraphAware’s intelligence analysis capabilities into Neo4j’s graph intelligence platform will give government agencies a sovereign alternative for collaborative investigation and explainable decision intelligence across complex, connected data. This will put customers in control of their deployment, data, and exit path, not the vendors who build the systems.
GraphAware Hume is a graph-powered intelligence analysis platform for mission-critical environments that helps organizations work with complex, fragmented information. It brings data and context together into a connected intelligence picture, enabling analysts to investigate relationships, build contextual understanding, and collaborate across teams. Designed for the operational needs of law enforcement, defense organizations, and tax authorities, GraphAware Hume supports analyst-led investigation in complex intelligence environments.
Mobix Labs to Acquire U.S.-Built Drone Manufacturer Vision Aerial
Mobix Labs has signed a binding Letter of Intent to acquire Vision Aerial, a Montana-based manufacturer of American-built drones.
Founded in 2013, Vision Aerial designs, manufactures, and supports rugged drone systems built for the most demanding field operations. Each aircraft can carry swappable cameras and sensors—from high-resolution and heat-sensing thermal cameras to laser-based 3-D mapping and gas-leak detection—allowing one platform to support multiple mission profiles across demanding field operations.
Vision Aerial’s drones support national-security and public-safety operations, search-and-rescue, wildfire response, energy and infrastructure inspection, environmental monitoring, agriculture, and advanced aerial sensing. Its customer and end-user base includes the U.S. Air Force, the U.S. Navy, the USDA Forest Service, and L3Harris, alongside major energy and utility operators such as Marathon Oil, DTE Energy, and Northwestern Energy, and research universities.
AXON Networks acquires Greenwave Systems
AXON Networks, a company specialising in intelligent autonomous network and connectivity assurance platforms, has announced the acquisition of Greenwave Systems (Greenwave), a company specialising in end-to-end software-defined mobile network solutions.
The acquisition, which recently closed, strengthens the AXON Maestro platform's end-to-end focus while also expanding the company's expertise in emerging wireless technologies.
As part of the transaction, AXON will integrate Greenwave's software-defined connectivity and Network-as-a-Service (NaaS) orchestration technology portfolio (f.k.a WAVELY), including software-defined mobile network core, into the AI-native, cloud-agnostic AXON Maestro platform, purpose-built for telecom operators, institutions, and enterprise service providers.
AXON also gains from Greenwave a team of operational support system and business support system (OSS/BSS) experts with experience in mobile network deployments, enabling accelerated development of new OSS service management modules.
With the Greenwave and WAVELY portfolio acquisition, AXON can provide operators and enterprises with a unified architecture and platform that leverages real-time Digital Twin as a foundation for next-generation inventory management that is up-to-date, accurate, and complete, and that can accelerate services deployment.
Wesco enters into definitive agreement to acquire Newark Engineering Group
Wesco International, a provider of business-to-business distribution, logistics services, and supply chain solutions, today announced it has entered into a definitive agreement to acquire Newark Engineering Group, a Singapore-based provider of engineered cooling solutions and lifecycle services for data centers.
The acquisition expands Wesco's capabilities in data center cooling and lifecycle services and strengthens its presence in the Southeast Asia region.
Newark specialises in the design, supply, installation, commissioning and maintenance of advanced thermal management systems that are mission-critical to data center performance and reliability. The company serves customers across Southeast Asia, including Singapore, Malaysia, and Indonesia, delivering integrated solutions across the full data center lifecycle - from design and installation to ongoing maintenance and optimization.
Under the terms of the agreement, Wesco will acquire 100% of Newark for a cash-free, debt-free purchase price of 175 million Singapore dollars (approximately $136 million USD).
The combination creates commercial opportunities by bringing together Newark's established regional customer relationships with Wesco's global account coverage. Wesco expects to expand access to hyperscale, enterprise, and colocation data center customers while increasing share of wallet through cross-selling electrical, communications, and supply chain solutions across Newark's installed base.
Newark generated approximately USD$60 million in revenue in 2025 and is EBITDA margin accretive to the Wesco portfolio with a purchase multiple below Wesco's current trading multiple.
The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.
TDK to acquire Fabric8Labs, Inc. to accelerate data center initiatives
TDK Corporation has entered into a definitive agreement to acquire Fabric8Labs, Inc. for up to $US 400 million in cash, comprising of an upfront payment and a multi-year earnout.
Fabric8Labs is a manufacturing company with a proprietary and advanced metal 3D printing technology, Electrochemical Additive Manufacturing (ECAM). Upon closing, Fabric8Labs would become a wholly owned subsidiary of TDK.
The transaction will enable TDK to expand its current offering to deliver an integrated solution with mission-critical technologies, including thermal management components in data center cooling systems, which will facilitate rapid business scale-up within a few years.
Furthermore, by exploring applications for TDK’s passive components, the company aims to ensure that data centers can manage the escalating data volumes and massive energy consumption needed to enable the social transformation driven by AI.
Relativity acquires Gavel
Relativity, a legal data intelligence company, today announced its acquisition of Gavel, an AI-native legal technology company whose solutions are used by thousands of legal professionals to draft, review and automate work product directly in Microsoft Word and on the web.
Through the acquisition, Relativity plans to extend its AI platform for legal data intelligence into Microsoft Word, helping keep work product connected to the data and context behind matters.
RelativityOne serves as the AI platform for legal data intelligence and the system of action where teams organise, analyse and act on the evidence at the heart of their most important matters. Yet the documents that follow from that work—motions, briefs and contracts—have historically remained in Microsoft Word, separate from the data and context that shaped them. With Relativity's integration of Gavel, that work should no longer need to leave the platform, deepening attorney engagement with RelativityOne across the full matter lifecycle.
Work product generated by Relativity aiR for Case Strategy, aiR Assist and more could become editable directly in Microsoft Word, enabling lawyers to refine, route for comments and redlines, and finalize documents within their natural workflow. Every change could sync back to the matter in RelativityOne, creating a more connected experience where legal intelligence and the work product it shapes move together.
Law firms and organizations across 28 countries use Gavel to draft, edit and automate legal work product with a combination of generative AI and rules-based workflows. Operating in Microsoft Word and on the web, Gavel supports drafting, contract review, redlining and analysis with contextual guidance grounded in legal norms and playbooks, helping work product stay consistent with firm standards and connected to the most relevant information.
The company intends to maintain Gavel's regular operations while bringing its capabilities into RelativityOne over time.
SailPoint announces intent to acquire Entro
SailPoint has announced its intent to acquire Tel Aviv-based Entro, a company specialising in non-human identity (NHI) and credentials security.
Upon completion, this acquisition will mark a strategic expansion and acceleration of the recently launched SailPoint Agentic Fabric, advancing SailPoint's vision to secure the modern enterprise with adaptive identity security across the entire digital ecosystem.
By integrating Entro’s specialised capabilities to directly address the unique challenges of the AI era, SailPoint expects to further expand how customers easily identify, govern, and protect these high-risk assets from a single, unified platform.
Upon closing, Entro will provide additive and highly complementary technology features that SailPoint plans to integrate with Agentic Fabric.
Entro provides frictionless, agentless visibility into the specific tools, APIs, and credentials that AI agents and machine identities use to execute tasks. This will expand SailPoint’s reach with out-of-the-box coverage for more than 1,000+ NHI/agent types and the discovery of over 1,200 credential types (including secrets and keys, tokens, and certificates) across 70+ critical enterprise sources—including cloud environments, developer tools, CI/CD pipelines, and SaaS/collaboration environments.
By exposing the tools agents use to complete work, SailPoint will further enforce even deeper, policy-driven governance over agent workflows and their active operational boundaries.
Complementing SailPoint’s native identity intelligence, Entro enriches discovered data with metadata to map exact relationships, permissions, usage, and "blast radius." This deep lineage mapping allows organisations to tie complex, non-human identities back to their human owners. Combined with SailPoint’s enterprise-grade access certification and lifecycle governance, customers will be able to drive automated, closed-loop remediation and enforce zero-standing privileges.
With proprietary Non-Human Identity Detection and Response (NHIDR™) capabilities, SailPoint customers will be able to continuously monitor AI agents and machine identities for behavioral anomalies in real time, allowing organisations to expose over-privileged access, enforce least privilege, and automate threat mitigation at machine speed.
These capabilities directly address the top security, privacy, and compliance risks that IT and business leaders face when deploying AI agents. After the deal closes, SailPoint customers will enjoy an even broader level of visibility, ownership attribution, and control—transforming identity from a static compliance measure into a dynamic, real-time enabler of their enterprise success.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of fiscal year 2027.
OpenAI to acquire Ona
OpenAI will acquire Ona, bringing its secure cloud execution and orchestration technology into its Codex ecosystem.
More than 5 million people use Codex each week to research, analyse, build, and automate their work - up 400% from earlier this year. Codex began as a tool for software developers and now helps a wider range of people do complex work from an initial request through to a finished result.
Ona's technology provides secure, persistent environments where agents can access the tools, systems, and context they need to make progress over time. By bringing Ona to OpenAI, OpenAI will expand Codex beyond work tied to a single device or active session and help more organisations deploy agents securely in production.
Ona has spent years helping developers move software development from local machines into the cloud. The company has helped 2 million developers work in secure, reproducible cloud environments and supports multiple shared customers.
That experience is directly relevant to the next phase of Codex, enabling agents to continue working inside a customer’s cloud environment even when laptops are closed.
Scaling Codex across production workflows.
Ona’s customer-controlled execution model will allow agents to operate inside an organisation’s own cloud environment while OpenAI provides the intelligence and orchestration that power the experience. This gives organisations greater control over their infrastructure, data, and security boundaries without limiting what Codex can accomplish.
The acquisition is subject to customary closing conditions, including receipt of required regulatory approvals. Until closing, OpenAI and Ona will remain separate and independent companies.
After closing, the Ona team will join OpenAI and work with the Codex team to advance secure, persistent enterprise execution capabilities and help scale Codex to more enterprises worldwide.
EigenQ and Silicon Valley Acquisition Corp. announce business combination agreement
EigenQ, a quantum technology company, and Silicon Valley Acquisition Corp., a publicly traded blank check company, announced they have entered into a definitive Business Combination Agreement that is expected to result in EigenQ becoming a publicly traded company.
Upon closing of the proposed transaction, the combined company will operate under the name "EigenQ Inc." and is expected to trade on Nasdaq under the ticker symbol "EIGQ."
The proposed business combination is expected to support EigenQ's next phase of growth, including expansion of its quantum-proof trust infrastructure platform, hardware-rooted security technologies, AI security capabilities, strategic partnerships, global commercialisation efforts, and continued investment in high-performance computing and sovereign AI futures.
EigenQ develops quantum technologies designed to address critical challenges spanning cybersecurity, digital trust, AI infrastructure, communications, sensing, and advanced computing. Through a growing portfolio of intellectual property, strategic partnerships, and commercial products, EigenQ is building technologies intended to support multiple segments of the emerging quantum economy.
While the company's initial commercialisation efforts are focused on quantum-resilient security and trusted infrastructure, EigenQ's broader vision extends across a range of quantum-enabled technologies expected to shape future government, enterprise, industrial, and national-security systems.
Initial commercialisation efforts are focused on government, defense, and critical infrastructure markets, where regulatory requirements and security mandates are creating immediate demand. Subsequently, the Company expects to expand across enterprise infrastructure, artificial intelligence platforms, financial services, telecommunications, healthcare, industrial systems, and international markets.
The transaction values EigenQ at a pro forma enterprise value of approximately US$3 billion.
The proposed business combination is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including shareholder approval from SVAQ.
MDA Space announces agreement to acquire Blue Canyon Technologies LLC
MDA Space, a mission partner to the global space industry, has signed a definitive agreement to acquire 100% of the membership interests of Blue Canyon Technologies LLC in an all-cash transaction for a purchase price and enterprise value of US$620 million, subject to purchase price adjustments.
Blue Canyon Technologies (BCT) is a spacecraft and satellite component manufacturer and mission services provider, currently part of RTX's Raytheon business.
With more than 85 spacecraft launched and 3,500+ products on orbit, BCT has established flight heritage and mission success since the company was founded in 2008.
Once completed, the transaction is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalise on growing demand in the US government market for defence space missions. With over 400 highly skilled employees and two manufacturing facilities in the Denver, Colorado space and aerospace hub, BCT offers a product portfolio that enables a broad range of missions for the space economy.
.jpg&h=142&w=230&c=1&s=1)
.jpg&w=100&c=1&s=0)
.jpg&w=100&c=1&s=0){kind=logo}
.jpg&w=100&c=1&s=0)
