15 August, 2025
The tech sector remains a hotspot for major merger and acquisition activity, as companies look to boost their capabilities, strengthen their market presence, and drive innovation. These deals offer a clear view into how the industry is evolving and where it’s headed. In this post, we take a closer look at six recent M&A transactions that shed light on the strategic thinking behind them and what it means for the broader tech landscape.
Telstra sells 75% stake in Versent to Infosys
- Date: August 14, 2025
- Value: $233 million
- Infosys is acquiring a 75% stake in Versent, an Australian provider of cloud services and a wholly owned subsidiary of Telstra. The deal is a joint venture, with Telstra retaining a 25% minority ownership and Infosys gaining operational control.
- The partnership will leverage Infosys's AI platform Topaz and its cloud offering Cobalt, as well as cybersecurity capabilities from The Missing Link, who was acquired by Infosys earlier this year.
- Telstra's decision to offload the majority stake is part of its "Connected Future 30" strategy, which focuses on core connectivity and resetting its enterprise business. The transaction is expected to close in the second half of fiscal year 2026.
Adamantem Capital acquires Nexon
- Date: August 12, 2025
- Value: Rumored to be $320 million
- EQT Group is selling its stake in Nexon Asia Pacific, an IT services provider in Australia that delivers end-to-end solutions for the mid-market and enterprise market, to Adamantem Capital .
- Since EQT's investment in 2019, Nexon has expanded significantly, growing its client base to over 1,000 customers and its workforce to more than 600 employees.
- Nexon's sales revenue has increased five-fold under EQT's ownership, a period that included eight strategic acquisitions.
Evergreen snaps up REDD as its 100th MSP Acquisition
- Date: June 10, 2025
- Value: Undisclosed
- Evergreen, a rapidly expanding US-based IT services group, has acquired Brisbane-based managed services provider (MSP) REDD. This significant acquisition marks Evergreen's 100th MSP acquisition, highlighting its aggressive growth strategy in Australia and New Zealand region where it has been actively acquiring MSPs since its entry into the market in 2021.
- REDD will continue to operate independently within the Evergreen portfolio, retaining its management team, staff, and brand, serving its existing client base.
- Evergreen’s acquisition of REDD is the latest in a number of local deals. It has acquired New Zealand-based Lancom Technology in January 2024, and Centered, its first Australian MSP deal, two months later in March, and CT Group in December 2024.
Novigi boosts managed services with partial Iress acquisition
- Date: June 10, 2025
- Value: Undisclosed
- Novigi, backed by IFM Investors, has acquired the superannuation consulting and managed services business of Iress from Apex Group, increasing Novigi's headcount to 400 specialists.
- This strategic move aims to enhance Novigi's presence in the wealth management sector and foster a collaborative ecosystem with Apex to improve technology services and user experience.
- This acquisition follows Novigi's earlier acquisition of Brisbane-based 360 Managed in September 2024, which bolstered its managed services, particularly in cybersecurity and for financial services clients like FutureSuper, and also the acquisition of QMV Solutions in February 2024.
Solutions Plus acquires BCPrise to expand in Sydney
- Date: May 20, 2025
- Value: Undisclosed
- Solutions Plus Partnership, an Adelaide-based IT services firm, has acquired BCPrise - Business Central for the Small to Medium Enterprise, a Microsoft Dynamics 365 Business Central partner, for an undisclosed amount.
- This acquisition is a strategic move for Solutions Plus to expand its footprint, particularly in New South Wales, by gaining access to BCPrise's established client base within the SME sector.
- BCPrise's founder, Paul Sargeant, will join Solutions Plus to focus on Business Central and Wiise sales in Sydney, ensuring continuous support for existing BCPrise customers.
Comms Group acquires Tasmanet for $10M
- Date: May 16, 2025
- Value: $10 million
- Comms Group Limited (ASX:CCG) is acquiring TasmaNet, a Tasmanian provider of premium communication and managed IT services, for $10 million ($8.5 m upfront, $1.5 m within 30 days). This move is expected to significantly increase Comms Group's annual revenue to $75 million and annual underlying EBITDA to $9-10 million.
- The acquisition adds key network assets, including a significant fixed wireless broadband network and private cloud assets, and a portfolio of corporate and government customers in Tasmania. It also expands Comms Group's geographical reach and service offerings to include NBN direct retail services and enhanced cybersecurity solutions.
- The acquisition and associated costs will be funded through a $7.0 million equity raise and a committed $10.7 million debt facility from Regal Funds Management, with $4.0 million allocated to the acquisition and $6.7 million available to refinance existing debt if needed.
These recent deals highlight how the tech landscape is constantly evolving and how companies are aligning their strategies to stay ahead. Whether it’s expanding into new markets, strengthening specialized services, or tapping into tech synergies, each acquisition represents a calculated move to drive growth and stay competitive.
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