• Hg increases its stake in enterprise software provider IFS and becomes co-control shareholder alongside EQT, while existing minority shareholder TA Associates remains invested
• New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”)
• IFS continues to perform strongly, having recently surpassed AUD 1.7 billion in ARR while growing by more than 30% year-on-year

COMPANY NEWS: IFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has achieved a valuation of over AUD 26.6 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”). Hg and the new investors are acquiring shares in IFS from EQT, which is selling through its EQT VIII and EQT IX funds, as well as from TA and other minority investors.

Urges data centre ecosystem to shift from fragmented efforts to a unified sustainability approach

COMPANY NEWS: Seagate Technology Holdings plc (NASDAQ: STX), a leader in mass-capacity data storage, today released the Decarbonizing Data report, its latest global report based on a commissioned survey, highlighting the growing sustainability challenges facing data centres as enterprises scale to meet the demands of AI.

Available now in Australia, the CRM partnership supercharges B2B lead generation

COMPANY NEWS: HubSpot and TikTok have today announced a partnership to make community-based customer acquisition easier than ever for B2B brands. With a new integration designed to easily capture leads from TikTok directly in HubSpot, B2B businesses will benefit from the combined power of the leading destination for short-form mobile video and the leading customer platform. Available now in Australia, scaling businesses can leverage their connections to drive growth like never before.

Updated New Relic Partner Program features new incentives, resources, certifications, and paths to customer acquisition and profitability for partners

New program investments underscore open partnership ecosystem’s vital role in New Relic’s business strategy and success; unlocks agentic AI use cases for the enterprise

COMPANY NEWS: New Relic, the Intelligent Observability company, announced the enhancement of its New Relic Partner Program to fuel business growth for its partner ecosystem.

• To accelerate Spark’s strategy of enabling digital and AI-driven customer experiences
• Information Technology (IT) collaboration forms part of technology delivery model transformation
• Collaboration will contribute to reduced IT operating costs, supporting Sparks Operate Programme

Next-generation digital services and consulting company Infosys and Spark New Zealand, New Zealand’s largest telecommunications and digital services company, today announced a strategic agreement that will support the transformation of Spark’s technology delivery model through digital innovation.

Global payment and connectivity services company IDEMIA Secure Transactions (IST) has formed a strategic partnership with the National Payment Corporation of Vietnam (NAPAS) to enlarge the nation's digital payment usage.

COMPANY NEWS: TechnologyOne’s program of investing in its people has been recognised in LinkedIn’s 2025 Top Companies list in Australia, ranking among the best midsize employers for career growth.

COMPANY NEWS: Elastic (NYSE: ESTC), the Search AI Company, announced today that it has received two 2025 Google Cloud Partner of the Year Awards in the Artificial Intelligence category for Data Management & AI and Tooling.