Tech M&A Tracker - Fusion5, Atlassian, CrowdStrike 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.

Fusion5 buys QLD-based NetSuite partner Applejack

Fusion5 has acquired Applejack, a Queensland-based provider of NetSuite, Oracle’s Cloud ERP business management software suite.

Applejack customers include Mountain Bikes Direct, Scape Student Living, and Salary Packaging Australia.

Greenbox acquires EraseIT from Interactive

Australian sustainable technology lifecycle management firm Greenbox Group has acquired Melbourne-headquartered EraseIT from IT services provider Interactive.  

Part of Interactive since 2018, EraseIT (founded in 2009) is a provider of data cleansing and asset disposal services.  

SAP partners combine under PE-backed Libertas brand

Tambla Business Services, Libertas and Silfen have combined under the Libertas brand as a newly rebranded SAP services group, backed by Sydney private equity firm LVP.

Following Tambla Business Services' acquisition of Libertas in September 2025 and Silfen in August 2025, the businesses will subsequently be rebranded under the Libertas name.

Atlassian to acquire DX

Atlassian has entered into a definitive agreement to acquire DX, a company specialising in engineering intelligence, for the price of US$1 billion (AU$1.5 billion).

DX is a partner to more than 350 enterprises, aiming to help them measure, benchmark, and improve developer productivity through data-informed decisions.

The company offers measurement of AI adoption and impact; 360° visibility into developer experience, combining qualitative feedback and quantitative signals; and real-time insights into developer productivity and system health.

F5 to acquire CalypsoAI 

F5 has announced its intent to acquire enterprise AI security company CalypsoAI.

CalypsoAI’s platform, comprising of real-time threat defence, red teaming at scale and data security, will be integrated into the F5 Application Delivery and Security Platform (ADSP).

The acquisition is subject to customary closing conditions and is expected to close in F5’s fourth quarter fiscal year 2025, ending September 30, 2025. 

Foros Advisors LLC acted as financial advisor to F5 while Sullivan & Cromwell LLP acted as legal advisor. Cooley LLP provided legal counsel to CalypsoAI. 

CrowdStrike to acquire Pangea

CrowdStrike has signed a definitive agreement to acquire AI security company Pangea.

This acquisition will extend CrowdStrike's Falcon platform, aiming to deliver complete AI Detection and Response (AIDR) – securing data, models, agents, identities, infrastructure, and interactions from enterprise AI development through workforce usage. 

The Falcon platform already delivers the foundation to secure AI, protecting the environments and models where AI runs, preventing sensitive data from leaving endpoints and cloud workloads, and securing AI agents across the SaaS stack.

Pangea will extend this protection to the critical interaction layer – where AI is built and used across the enterprise – aiming to deliver complete protection across the AI lifecycle.

DigiCert acquires Valimail 

Digital trust solutions provider DigiCert has acquired Valimail, a provider of zero trust email authentication delivered as a service.

Valimail has more than 92,000 clients worldwide, and operates in the Domain-based Message Authentication, Reporting and Conformance (DMARC) segment, holding a "significant" portfolio of patents related to the technology.

DigiCert plans to combine Valimail’s DMARC capabilities with its business providing Mark Certificates (MCs) and Verified Mark Certificates (VMCs) for its enterprise customers, in a bid to prevent phishing and reinforce consumer trust in its customers’ brand identities.