Tech M&A Tracker - Turnium Technology Group, Software Combined, Megaport 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.

Turnium Technology Group to buy Sydney-based Insentra

Headquartered in Sydney, Insentra is a channel-only business providing advisory, professional, AI and managed IT services and solutions to businesses by partnering with IT providers.

Software Combined acquires Netherland-based workforce solutions provider

WCC Group offers two solutions: Employment Solutions support public employment services and staffing agencies in matching candidates with jobs or training, while its HR Solutions aims to simplify talent retention and internal talent management for large enterprises to reduce external recruitment and onboarding costs.

Megaport to raise $200m to fund acquisition plans

The $200 million placement will fund the upfront cash of US$70 million to acquire Latitude.sh, equivalent to approximately A$108million; fund the India network land and expand strategy for a total investment of approximately A$43 million; fund one-off transaction costs of approximately A$20million; and raise approximately A$29 million of additional cash to retain as cash liquidity.

Azul announces strategic investment from Thoma Bravo

Azul has entered into a definitive agreement to receive a majority strategic investment from Thoma Bravo, a software investment firm.

As part of the transaction, Azul’s existing investors Vitruvian Partners and Lead Edge Capital will be reinvesting significant new capital and will retain minority stakes alongside Azul’s employees.

Azul provides Java runtime solutions and its products – Platform Core, Platform Prime, the company’s high-performance Java platform, and Intelligence Cloud – aim to help organisations run Java workloads faster, safer and more economically across hybrid and cloud environments.

Azul’s customer base includes 36% of the Fortune 100 and the world’s ten largest banks, as well as many other global businesses.

This strategic investment from Thoma Bravo will "support Azul’s continued growth to meet the rising demand for high-performance Java platforms, scale its engineering efforts, accelerate innovation in runtime performance, observability and security tooling, and expand its reach in global enterprise and cloud markets".

Hexaware acquires CyberSolve to expand AI-led cybersecurity capabilities

Hexaware Technologies, a global provider of IT solutions and services, announced it has acquired CyberSolve, a global specialist in identity and access management (IAM) solutions.

Together, the companies will aim to help enterprises modernise identity foundations, automate controls with artificial intelligence (AI), and run secure operations across complex, hybrid technology estates.

CyberSolve brings nearly a decade of focused work in large identity programs, with 230+ specialists, 20+ IAM tech alliances, and 650+ implementations across sectors including retail, healthcare, pharma, automotive, financial services, logistics, government, and technology.

Hexaware adds consulting depth, engineering excellence, and 24×7 cybersecurity and resilience operations, spanning GRC, cloud security, and DevSecOps.

Cognizant to acquire 3Cloud

Cognizant has entered into a definitive agreement to acquire 3Cloud, one of the largest independent Microsoft Azure services providers.

The acquisition will strengthen Cognizant's role as a strategic partner for enterprise AI readiness and digital transformation by adding 3Cloud's capabilities in data and AI, app innovation, and cloud platforms for enterprise clients.

The acquisition will expand Cognizant's Azure portfolio and deepen its expertise in complex, engineering-intensive engagements that aim to enable AI-led business transformation.

3Cloud serves a predominantly enterprise-scale client base across banking and financial services, healthcare, technology, and consumer sectors.

Upon closing of the acquisition, 3Cloud will add 1,000+ Azure experts and engineers and 1,500+ Microsoft certifications to Cognizant's capabilities, and 3Cloud's nearly 1,200 employees, including approximately 700 in the United States, will join Cognizant's nearly 20,000 Azure-certified associates globally.

3Cloud's offerings and delivery model are purpose-built to optimise the value of Microsoft's Azure pipeline through an Azure-certified core global delivery team with a track record in modern data platforms, cloud-native AI app development, advanced analytics and managed services.

3Cloud is also an Elite Databricks partner.

The acquisition is expected to close in the first quarter of 2026. Financial details were not disclosed.

Adobe to acquireSemrush

Adobe and Semrush Holdings have entered into a definitive agreement under which Adobe will acquire Semrush, a brand visibility platform, in an all-cash transaction representing a total equity value of approximately US$1.9 billion.

Semrush is a partner for marketers looking to manage brand visibility and audience reach through its data-driven generative engine optimization (GEO) and search engine optimisation (SEO) solutions.

The transaction is expected to close in the first half of 2026.

Decidr to enter US market with acquisition of Sugarwork

Decidr AI has entered into a binding agreement to acquire 100% of Sugarwork, a Delaware-based AI knowledge transfer and enterprise collaboration platform.

Founded in 2022 in the United States, Sugarwork aims to help organisations identify where to focus their AI efforts by capturing operational and workflow knowledge from employees through structured interviews and generating detailed process documentation.

Sugarwork’s customers include enterprise organisations like Supergoop, Appen and L-Cubed amongst other customers across finance, healthcare, industrial services, and professional services.

Through the integration, Decidr’s engineering resources will enable Sugarwork to accelerate product development and scale distribution.

For Decidr, the acquisition provides access to well-defined workflows and organisational processes that can be orchestrated through DecidrOS, giving customers a pathway from insight to execution.

The acquisition marks Decidr’s official entry into the United States. Sugarwork’s platform, specialising in knowledge capture, transfer, and workflow automation, complements Decidr’s DecidrOS platform by introducing an enterprise-grade knowledge intelligence layer that strengthens the company’s horizontal AI ecosystem.

Sugarwork is also expected to further accelerate Decidr’s Embedded Partnership Strategy by identifying new workflow monetisation opportunities within partners’ software and surfacing current partner workflows for faster development cycles.

NNNCo, an nxzen company, acquires PowerPilot 

Global IoT provider NNNCo, an nxzen company, has acquired PowerPilot, a cost-effective electricity network monitoring and visibility solution from ElectroNet Group.

PowerPilot is an AI-enabled LoRaWAN monitoring solution that detects conductor-down events on high-voltage networks and improves visibility across low-voltage networks, a critical need as electricity demand and supply patterns evolve.

Originally developed for Westpower, a New Zealand electricity distribution company, PowerPilot is now in use across New Zealand, Australia, and the United Kingdom. 

PowerPilot delivers real-time, device-level data directly from transformers or customer connections via LoRaWAN, enabling operators to monitor more of the network within existing budgets and respond rapidly to hazardous conductor-down situations.

PowerPilot joins NNNCo’s N-Tick Network Approved Programme, which validates devices for operation across the company’s telco-grade enterprise LoRaWAN network globally. 

PowerPilot customers will continue to receive support from the current team, ensuring continuity as the solution is integrated with NNNCo’s data-agnostic IoT platform, which now supports deployments in nineteen countries across three continents.