25 November, 2025 (Spring Recap)
The technology sector continues to see strong consolidation activities as companies move to sharpen their strategic capabilities, pursue national expansion, and prepare for AI driven transformation. From cybersecurity to Enterprise Resource Planning (ERP), Managed Service Providers (MSP), and regulated fintech, these transactions provide a clear window into where innovation and investment are heading. Below is a detailed look into recent transactions in the market.
Date: 4th November 2025 (Complete)
Value: Undisclosed
Insight Enterprise has acquired Sekuro, a leading Australian cybersecurity and digital resilience consultancy known for its IRAP assessed services, Zero Trust architecture enterprise, penetration testing, and managed security capability. The new entity will combine Sekuro’s expertise in areas like managed security services and Australian government IRAP assessments with Insight’s strength in cloud, data, AI and intelligent edge solutions.
This move strengthens Insight’s ability to deliver end to end secure modernisation programs for enterprise and government clients, particularly as the demand for AI ready infrastructure rises and with that the need for embedded security, particularly motivated by the rise in data breaches.
Date: ~ October 2025
Value: ~ Rumoured mid market PE range (100mil - 200mil)
Advent Partners has taken a majority stake in Efex, a fast growing national managed services provider with over 7,500 customers. Efex established a strong footprint across regional and metropolitan Australia, offering cloud services, cybersecurity, managed workplace solutions, and IT support tailored to SMEs.
The investment will help Efex grow into its next phase, including targeted acquisitions and service line expansion in cybersecurity and cloud modernisation. Efex’s revenue has accelerated sharply over recent years, and Advent’s backing positions the company to establish itself as one of the most prominent independent MSP platforms in Australia. For Advent, this acquisition adds a high growth recurring revenue asset to its tech portfolio and provides a strong platform for a buy and build MSP strategy in this fragmented market.
Date: 16th October 2025
Value: Undisclosed
Evergreen Service Group, a US based IT services holding company, has acquired Australian headquartered MSP Blackbird IT. This acquisition marks another major step in Evergreen’s expansion throughout ANZ, following previous acquisitions including REDD, CT Group, and Lancom Technology.
Blackbird IT, known for its presence in the education and government sector, will continue operating independently with its existing leadership. Evergreen’s decentralisation model enables acquired companies to retain their culture while benefiting from the global resources and investment support. This transaction supports Evergreen’s expansion into Australia and long term strategy of building diversified, multi region portfolio of specialist MSPs.
Date: 7th October 2025
Value: Undisclosed
Canberra based digital consultancy xAmplify has acquired Green Cloud Consulting, a TechnologyOne ERP specialist with capabilities across financials, supply chain, payroll, and enterprise reporting. The move builds on xAmplify’s strategic focus on cloud transformation, automation and AI enabled public sector modernisation.
This acquisition enhances xAmplify’s ability to deliver large scale ERP transformation projects and strengthens its position as a leading provider of end to end transformation services for federal and state government clients. This deal thus positions xAmplify as one of the few establishments able to deliver: ERP, cloud, AI and cybersecurity transformations all under one roof. A key competitive advantage as governments aim to modernise legacy systems. It also gives xAmplify a stronger foothold in larger, multiyear TechnologyOne programs, increasing the average contract value and recurring advisory revenue.
Date: October 2025 Value: Undisclosed
MRI software, a global leader in property and real estate technology, has acquired Proptech Labs, the Australian company behind tools like KeyAutomate, which streamline inspections, asset maintenance, invoicing, and key management for property managers.
The acquisition expands MRI’s product capabilities in the ANZ market and integrated Proptech Lab’s automation tools into MRI’s broader property management ecosystem, including Property Tree and palace. This overall strengthens MRI’s potion in the ever changing proptech landscape, where workflows digitisation and operation efficiency remain top priority for agencies. This allows MRI to close functional gaps in its local product suite, making its ANZ offering more complete and competitive against other global proptech players.
Date: September 2025
Value: Undisclosed
Fusion 5, one of ANZ’s largest enterprise solution providers, has acquired Applejack, a QLD based Oracle NetsSuite partner. Applejack specialises in implementing cloud ERP solutions for SME businesses, with deep experience in financials, CRM, and integrating reporting. This acquisition strengthened Fusion5’s NetSuite practices, providing Applejack customer base access to a broader suite of digital transformation services, including data, cyber and managed IT capabilities. This deal enhances Fustion 5’s position as a leading NetSuite integrator in the region and supports its strategy of owning more of the cloud ERP market across ANZ. It also expands Fusion5’s mid market pipeline and strengthens its vendor relationship with Oracle, unlocking larger, more complex ERP modernisation engagements.
Date: 3rd September 2025
Value: ~A$725 million (reported)
Advent international, a global Private Equity firm, has agreed to acquire Automatic Group, a cloud-native registry, governance, and fund administration platform serving more than 1,400 listed and unlisted companies over the ANZ. Automic has seen rapid growth as a modern challenger to legacy share registry platforms, offering digital-first workflows, investor communications, and fund administration services. ADvent’s investment will enable automatic to accelerate its product roadmap, strengthen its position in regulated financial infrastructure, and explore expansion into offshore markets. This acquisition gives Advent an attractive combination for long horizon private equity with its mission critical financial infrastructure proving recurring revenue and regulatory barriers to entry.
Date: 19 September 2025
Value: A$178 million upfront with up to A$280 million with earn outs
IG Group is a London based online trading firm, which announced the acquisition of Independent Reserve, one of Australia’s largest and most established cryptocurrency exchanges. Independent Reserve brings a regulated platform with 450,000+ users across ANZ and Singapore.
This acquisition expands IG’s presence in the digital asset sector and provides access to a robust platform with strong compliance capabilities, institutional grade custody, and multi-jurisdiction licensing. This allows IG to integrate digital assets into its broader portfolio as demand for regulated crypto trading continues to grow. This deal accelerates IG’s strategic push into digital assets and gives the company an immediate foothold into APA’s regulated crypto markets.
