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.
Grant Thornton Australia eyes potential cyber M&A activity
Grant Thornton Australia is set to join the Grant Thornton Advisors multinational platform in a move that will unlock the potential to ramp up M&A activity in the technology space.
Fuse Technology acquires WA-based MSP
Infinitum provides a range of solutions, including consulting, integration, security, managed services, cloud, unified communications, print, connectivity, hardware and licensing.
Integris' acquisition of First Focus cleared by Foreign Investment Review Board
Once the transaction is complete, the combined group will serve more than 4,000 businesses across Australia, New Zealand and the United States, with more than 1,200 staff.
Affinity MSP acquires VIC-based MSSP Evolve Cyber
The acquisition advances Affinity MSP's strategy to build a dedicated, in-house cybersecurity capability for its clients, giving them direct access to a specialist team focused exclusively on managing and reducing cyber risk.
Fujitsu to sell Australian data centre business to PE firm
Fujitsu said the transaction enables it to further invest in the technology services where customer demand is growing fastest - in Australia, that means helping organisations modernise critical systems, strengthen cyber resilience, adopt sovereign AI, and access the high-performance and quantum computing capabilities needed for their next phase of transformation.
Firmus to acquire Benmax's fabrication, design and projects businesses
The acquisition strengthens Firmus' vertically integrated AI Factory Platform, bringing design, fabrication, construction, and operations together within a single operating model.
Nexifi merges with CRM and CX specialists Idea Science
With more than 100 specialists across Australia and the Philippines, the group is set to combine expertise in CX, digital and product, cloud and DevOps, CRM, and data and AI.
Singtel 'in discussions' around possible sale of Optus stake
The company, however, cautioned that "there is no certainty or assurance that any transaction will occur".
NetApp acquires JetStream Software
NetApp has acquired JetStream Software, a company specialising in VMware disaster recovery and migration.
By adding JetStream’s technology to NetApp, customers will be able to protect VMware environments running on virtually any storage platform and recover them on NetApp first-party storage offerings such as Azure NetApp Files.
JetStream complements NetApp’s existing SnapMirror technology, which remains the preferred replication solution for NetApp environments. Together, the combined portfolio enables NetApp to protect both existing NetApp deployments, and the much broader VMware installed base running on third-party storage.
Electric joins Databricks to bring WASM Postgres to AI agent sandboxes
Electric is building data primitives purpose-built for agents: its WASM Postgres build PGlite gives every agent its own lightweight Postgres right where it runs, providing ultra-low latency access to local context, and Electric’s real-time sync engine synchronises distributed state back to a central Lakebase, enabling teams of agents to collaborate without losing track of shared context.
That vision now continues at Databricks as it brings WASM Postgres to AI agent sandboxes, extending Databricks’ Postgres capabilities from the lakehouse to the edge.
Electric created PGlite to push Postgres to the edge, creating a WASM Postgres database small enough to run inside the application or agent itself - in an agent sandbox, browser tab, or user’s device - rather than on a separate server. PGlite has grown from 1M to 13M weekly downloads in just twelve months, enabling developers to build a new class of distributed Postgres applications and agents.
Electric’s real-time sync engine continuously synchronises data between distributed agents and centralised Lakebase infrastructure, enabling agents to securely share information with the definitive record in the cloud while keeping fast local context. The real-time sync architecture powers collaborative apps like Google Docs, Figma and Notion.
Both Electric and Lakebase are built on Postgres, the open-source database technology that has become the default foundation for AI agents. PGlite was built on the foundational WASM Postgres work of Stas Kelvich, who co-founded Neon. Electric took that proof of concept and turned it into the embeddable Postgres that millions of projects run every week.
Databricks Lakebase delivers Postgres at production scale. PGlite brings WASM Postgres into the agent's own sandbox. Sync keeps the two consistent. By combining the power of Lakebase Postgres with the local execution of PGlite, agents get the lightweight databases they need to move fast and the infrastructure required to deploy at any scale.
For developers, this means building collaborative, agentic applications on a single Postgres standard; running Postgres directly inside the agent sandbox, giving each agent a lightweight database it needs to move fast; and keeping teams of agents in sync to instantly share context and act on fresh data, while centralising control in Lakebase Postgres on cheap, durable object storage.
IBM to acquire HRL Laboratories
IBM has signed a definitive agreement to acquire HRL Laboratories, LLC, a research and development institution. HRL is a private company jointly owned by Boeing and General Motors.
Both Boeing and GM will continue to partner with IBM on quantum applications and advanced technology development following the transaction.
HRL's advanced expertise in silicon-spin qubit engineering will complement and extend IBM’s long-term mission to scale increasingly powerful quantum computers and accelerate its quantum vision. Superconducting qubits and spin qubits both leverage state-of-the art silicon fabrication. This shared foundation is amongst the reasons why these two modalities offer credible paths to scaling quantum technologies.
HRL will also enable IBM to innovate in and industrialise promising technologies such as quantum sensing and drive new research into quantum materials. This includes ultra precise quantum sensors capable of detecting subtle physical phenomena and capturing finely tuned measurements for life sciences, navigation, defense, and scientific applications. Combined with additional capabilities in cryogenics, control electronics, qubit interconnects, and packaging, IBM anticipates that HRL’s technical breakthroughs will help fuel its quantum program for decades to come.
Additionally, HRL has developed innovations in novel quantum materials that have the potential to unlock better semiconductors and more sensitive sensors – all of which can optimise the performance and scalability of a wide range of quantum technologies.
HRL also brings expertise in advanced sensors, high-speed and high-power communications, electronics, advanced manufacturing, and materials science, developed through decades of research and development for both commercial and U.S. government customers.
Financial details of the transaction were not disclosed, and IBM's acquisition of HRL is subject to customary closing conditions and regulatory approvals. The transaction is anticipated to close by the end of the third quarter of 2026.
WiseTech Global to acquire FRDM.ai
WiseTech has entered into a binding agreement to acquire FRDM.ai, a developer of AI-powered supply chain risk and compliance intelligence technology that maps supplier networks, manages human rights risks, and regulatory compliance across many tiers of the supply chain.
The transaction is for an upfront consideration of US$10 million in cash and WTC shares. The maximum payable under the all-cash earn-outs is $14.31 million.
FRDM.ai enables a streamlined level of supplier data to map, monitor, and mitigate trade risks including modern slavery, geopolitical, human rights, and many other supply chain risks.
FRDM.ai’s risk intelligence capabilities will combine with several existing WiseTech solutions, including BorderWise, Denied Party Screening, and Global Knowledge, and other data and capabilities, to create VerifyWise – a data driven, AI-enabled solution that will use the deep datasets WiseTech and FRDM.ai have developed, accumulated or licensed to verify identity, create trust and validate trade data across the supply chain creating a verified responsible sourcing model for suppliers and buyers alike.
The transaction directly supports WiseTech’s vision of being the operating system for global trade and logistics, and is expected to create value in three ways: extending WiseTech’s compliance capabilities from transaction-level screening to network-level, multi-tier supply chain verification; creating significant cross-sell opportunities across WiseTech’s global network of more than 22,000 logistics providers and over 500,000 connected enterprises, embedding FRDM.ai’s capabilities directly; and strengthening the data and network that underpins VerifyWise as each participant verifies and enriches the datasets, increasing the value of the network for all.
Progress Software to acquire Domo’s AI and data platform business
Progress Software, an AI infrastructure software company, has entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform.
The acquisition aligns with Progress’ strategy to deliver the context and control for AI so customers can achieve their business goals with confidence. Domo’s agentic platform for the intelligent enterprise complements and significantly broadens Progress’ data platform offerings, creating synergies to deliver secure and scalable AI data readiness solutions worldwide.
Domo will add a customer base of over 2,400 businesses, as well as a global and strategic ecosystem of cloud data warehouse technology partnerships.
The transaction is structured as an asset purchase where Progress intends to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of US$400 million. The acquisition is currently expected to close within Progress’ fiscal year, ending November 30, 2026, subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions as set forth in the definitive agreement.
Codan acquires Adaptive Dynamics
Codan, through its wholly owned subsidiary DTC Communications, Inc (DTC), has entered into a binding agreement to acquire the intellectual property of Adaptive Dynamics.
Adaptive Dynamics is a US-based engineering company specialising in the development of antijamming and interference mitigation technologies for mission-critical communications and Assured Positioning Navigation and Timing (APNT).
Adaptive Dynamics brings over two decades of experience in the development of advanced algorithms and Radio Frequency (RF) technologies designed to maintain communications performance in congested and contested electromagnetic environments.
Its capabilities include intentional and unintentional interference cancellation, signal enhancement, and adaptive filtering techniques applicable to defence and national security systems across land, maritime, and airborne domains.
The acquisition is expected to meaningfully enhance DTC’s US-based technical capabilities in unmanned systems. It will also strengthen DTC’s positioning for next-generation US and allied defence programs requiring resilient and secure communications, electronic warfare resilience and AI-enabled integration in contested electromagnetic environments.
The acquisition consideration comprises upfront and contingent consideration payments totalling approximately $21 million, subject to agreed technology development and integration milestones over the next two years. A tiered royalty payment funded out of operating cashflow will also be payable on the sale of Adaptive Dynamics’ technology licenses sold over the five-year period following completion.
The acquisition of 100% of US-based organisation Adaptive Dynamics Inc., completion is expected to occur in early H1 FY27, subject to regulatory conditions typical for transaction of this nature.
AlixPartners acquires agentic AI consulting firm Artium
AlixPartners, a global consulting firm, has acquired Artium, a agentic AI software consulting firm specialising in building and launching enterprise-grade agents, for clients including BNY Mellon, Mayo Clinic, and eBay.
Artium will operate as a distinct team within AlixPartners, as Artium by AlixPartners.
Its people (including its founders), methodology and lab relationships remain unchanged.
InVert Graphite announces acquisition of RapidGraphite
InVert Graphite, an Australian critical minerals company, has signed binding conditional agreements to acquire RapidGraphite Pty Ltd.
This acquisition secures an exclusive, royalty-free worldwide license for the RapidPulse technology, a catalytic graphitisation process developed at Curtin University that has the potential to convert natural graphite into battery-grade material within seconds.
The acquisition marks a major step in InVert’s strategy to rapidly build a vertically integrated graphite opportunity. By combining the RapidPulse technology with the company’s 100%-owned Morogoro high-grade natural graphite project in Tanzania, InVert aims to establish an efficient supply chain for the battery sector.
Initial laboratory testing using the RapidPulse technology on samples from the Morogoro project demonstrated highly positive results. The process achieved approximately 99% purity and materially improved crystallinity. This was achieved without the harsh, environmentally damaging acid purification and chemical washing required by conventional methods.
The transaction aligns InVert closely with Curtin University, which will become a shareholder in the Company. RapidGraphite expects to benefit from a A$439,664 AEA Ignite grant awarded by the Australian Government to Curtin University to further scale the technology. To fund ongoing R&D and pre-pilot production trials using a Centorr Furnace installed at the university, InVert has received firm commitments for a A$2.5 million placement to institutional and sophisticated investors.
Edge Defence Ltd acquires New Zealand Ocean Technology Ltd
Established more than four decades ago, NZOT is an underwater technology company, supplying and supporting underwater vehicles (UUVs), remotely operated vehicles (ROVs), autonomous systems, diving equipment and specialist maritime capability for the New Zealand Defence Force, New Zealand Police and other government agencies.
NZOT will continue to operate under its established brand, with its experienced technical support team remaining in place. The company will continue delivering through-life support, maintenance, engineering services and specialist capability from its workshops located on the Royal New Zealand Navy Base at Devonport, while supporting customers throughout New Zealand and on specialist deployments, including Antarctica.
As part of the acquisition John Gell has been appointed General Manager of NZOT and Director; Jack Towers has been promoted to Defence Services Manager; and Andrew Edwards, Co-Founder and shareholder of EDGE Defence, has been appointed Chairman of the Board.
While NZOT has built a reputation in underwater systems, sustainment and specialist maritime capability, EDGE Defence provides advanced defence technologies, systems integration, engineering and sovereign capability development.
ClanTect enters new growth phase following acquisition by 3DX-Ray
ClanTect has entered a new phase of growth following its acquisition by security technology specialist 3DX-Ray, creating opportunities to expand the deployment of its human presence detection technology across international markets.
The transaction brings together ClanTect’s proprietary vibration sensing and signal processing technology with 3DX-Ray‘s engineering capabilities, manufacturing expertise and extensive international customer network.
Originally developed from research undertaken at the Institute of Sound and Vibration Research at the University of Southampton, ClanTect’s technology enables the detection of concealed individuals within vehicles, containers and other enclosed spaces through the analysis of minute vibration signatures generated by human presence.
The technology has already demonstrated its value in operational environments including border security and prison applications and addresses growing global demand for effective tools to combat illegal migration, people smuggling and unauthorised access to secure locations.
The acquisition provides ClanTect with immediate access to a global distribution network operating across more than 85 countries and positions the company to reach new customers and markets that would previously have been difficult to access.
Astrobotic to join Voyager Technologies
Astrobotic Technology, Inc., a company specialising in commercial lunar delivery, lunar power, reusable rocketry, has entered into an agreement to be acquired by Voyager Technologies.
Under the agreement, Astrobotic will become a core pillar of Voyager’s strategic lunar initiative, providing the hardware, systems and operational capabilities required to land on the Moon, sustain life there, and perform critical work on the surface.
Voyager intends to accelerate investment to scale Astrobotic’s programs, including lunar and reusable rocket programs, key elements needed to support NASA’s Artemis program and Administrator Jared Isaacman’s goal of a permanent U.S. presence on the Moon by 2028.
With the acquisition, Voyager will become a lunar platform, with capabilities that span the full arc of lunar operations, including mission management, communications, and propulsion; surface delivery through Astrobotic’s Peregrine and Griffin landers; surface power via Astrobotic’s LunaGrid solar distribution system; long‑duration habitation through Voyager’s investment in Max Space; dust mitigation with Voyager’s clear‑dust repellent coating; and in‑situ resource utilisation technologies
Astrobotic’s Moon Base headquarters in Pittsburgh will become the center of Voyager’s strategic lunar initiative, ensuring continuity and momentum for upcoming missions. Griffin Mission One continues on schedule, and upon close, Astrobotic’s full portfolio will transition under Voyager while maintaining operational stability and leadership continuity.
Copeland Enters into exclusive negotiations to acquire Dickson
Copeland, a company specialising in compression technologies and controls solutions, has announced its entry into exclusive negotiations towards the purchase of Dickson, a portfolio company of May River Capital and provider of environmental monitoring and cloud-native software solutions for regulated life sciences and healthcare applications.
The proposed acquisition will strengthen Copeland’s strategy of enabling an efficient and effective cold chain, building on its existing stationary and in-transit monitoring capabilities to deliver an end-to-end solution that helps healthcare, pharmaceutical and life sciences customers safeguard product integrity, maintain compliance and reduce operational risk.
Dickson's cloud-native monitoring platform, deep compliance expertise and global footprint complement Copeland's established cold chain remote services business, broadening its reach across pharmaceutical manufacturing, biotechnology, medical devices, distribution, healthcare networks and hospital systems.
The proposed transaction is expected to close in the second half of the 2026 calendar year, subject to the finalisation of definitive agreements, consultation of the French work council of Oceasoft SAS and customary regulatory approvals. Terms of the transaction were not disclosed.
Visa to Acquire BioCatch
Visa has signed a definitive agreement to acquire BioCatch, a leading provider of behavioral-first, multi-signal fraud intelligence, from funds advised by Permira and other shareholders for US$2.4 billion in cash.
The acquisition of BioCatch complements Visa’s existing cyber, fraud, risk and security solutions and is expected to help clients better protect themselves and their customers from the growing threat of account takeovers, scams, money mules and application fraud.
BioCatch has developed AI and machine learning-based solutions that analyse thousands of application, behavioral, device, and network signals - such as keystrokes, touch gestures, and device handling - to detect fraud and distinguish legitimate users from fraudsters in real time.
BioCatch protects 1.8 billion devices and 760 million users around the world, serving more than 350 banking clients in 21 different countries, including more than 100 of the largest banks globally.
The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals. The transaction is expected to close by the end of Visa’s fiscal second quarter of 2027.
Acentra Health acquires FEI Systems
Acentra Health, a technology and health solutions company, has acquired FEI Systems, significantly expanding its healthcare technology platform and establishing a portfolio of Medicaid Enterprise System, care management, long-term services and supports (LTSS), home- and community-based services (HCBS), and behavioral health solutions.
The combined organisation provides government agencies with an expanded portfolio that spans eligibility, assessments, provider management, claims and encounter processing, care coordination, behavioural health, case management, LTSS, and HCBS.
For 27 years, FEI Systems has helped government agencies modernise Medicaid and human services technology, supporting some of the nation's most complex LTSS, HCBS, and behavioral health programs. Its cloud-based, configurable technology platform complements Acentra Health's portfolio of assessment, eligibility, care management, and utilisation management solutions.
Youxin Technology announces strategic investment intent and cooperation framework with RiverBit
Youxin Technology, a SaaS and platform as a service (PaaS) provider committed to helping retail enterprises digitally transform their businesses, has signed a non-binding term sheet with RiverBit, pursuant to which the company intends to make a strategic investment in RiverBit and acquire a minority equity interest upon RiverBit’s achievement of certain operating milestones.
RiverBit is developing a decentralised perpetual contracts trading platform expected to launch in mid-August 2026. The planned platform is designed to support tokenised U.S. equity perpetual contracts, AI Agent-enabled trading strategies, blockchain-based self-custody and 24/7 on-chain trading and settlement capabilities, while seeking to provide continuous market access and price discovery through blockchain infrastructure.
Under the non-binding Term Sheet, RiverBit is expected to reach an average of 2,000 daily users and exceed US$100 million in daily trading volume within three months after its official launch. Upon RiverBit’s achievement of such scale, and subject to milestone achievement, due diligence and definitive agreements, Youxin Technology expects to initiate a strategic investment process to acquire a 10% equity interest in RiverBit on a fully diluted and as-converted basis unless otherwise agreed, based on a pre-agreed valuation of US$200,000,000 and expected aggregate purchase consideration of US$20,000,000.
Youxin Technology believes the proposed investment, if completed, may support several strategic objectives, including early strategic exposure to on-chain RWA and tokenised U.S. equity perpetual markets; exploration of AI Agent application in financial technology, data analytics, strategy execution and automated operations; enhancing the company’s positioning in digital assets, Web3 financial infrastructure and global technology ecosystems; managing initial risk via the milestone-based investment structure while allowing expanded participation after RiverBit reaches key operating metrics; and potential future synergies across SaaS/PaaS solutions, AI tools, data services and blockchain applications.
.jpg&h=142&w=230&c=1&s=1)
.jpg&w=100&c=1&s=0)
.jpg&w=100&c=1&s=0)
.jpg&w=100&c=1&s=0)
