Displaying items by tag: Mergers

The competition watchdog, the ACCC has released draft guidance explaining the processes it will use when assessing acquisitions under Australia’s new merger regime, and is seeking feedback on the guidance through consultation. 

GUEST OPINION: Sit a modern worker down in front of a new software platform and chances are they'll be able to figure out how to use it. They'll noodle around a bit, check out the menus, click buttons, and soon they'll be up and running with the basics.

GUEST OPINION by Tosin Vaithilingam, BitTitan: Multiple factors weigh into the decision to merge with or acquire another company, and IT systems are a key element.

Digital acceleration and agile development specialist Endava and Melbourne-based consultancy Lexicon have merged.

COMPANY NEWS: Canary Technology Solutions, a provider of industry-leading technology solutions and IT services which advance digital transformation, launches today bringing together three established businesses – IT Consult, Diversus Group and BCPrise – to form a major new player in the Australian IT services market with annual revenues of $25 million, and significant growth ambitions.

Australian cybersecurity consultancies Privasec, Solista, CXO Security and Naviro have merged to form Sekuro.

Amazon has agreed to acquire MGM for US$8.45 billion.

ASX-listed Canberra-based cyber security firm archTIS has won a contract valued at $296,000 with the Australian Department of Defence for the expanded deployment of its NC Protect platform.

Accelerator Stone & Chalk is merging with AustCyber. The transaction takes the form of an acquisition of AustCyber.

Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150% increase from US$149.05 million in the corresponding period in 2019, with the growth coming despite a decline in merger activity, according to a new fintech report.

The Australian Competition and Consumer Commission (ACCC) has decided not to appeal a Federal Court decision that the proposed merger between TPG Telecom and Vodafone Hutchison Australia would not substantially lessen competition.

Competition authorities around the world must work together to meet significant and evolving challenges in global markets - including with the expansion of large digital platforms - and should consider whether traditional approaches to assessing mergers remained fit for purpose, according to Australia’s competition regulator, the ACCC.

Hitachi Vantara, and Hitachi Consulting have joined forces to form one company to create what they say is a “new digital infrastructure and solutions” powerhouse.

Total technology industry merger & acquisition deals in the UK in the third quarter this year were worth US$3.25 billion, according to a new report.

Giant Japanese telecommunications carrier Nippon Telegraph and Telephone Corporation has swallowed up its Dimension Data business in the merger of its communications and security businesses into one US$11 billion global unit to be headquartered in London.

The Australian Digital Commerce Association and Blockchain Australia have announced plans to merge the two organisations to create what they say will give them a stronger and consistent voice advocating for the blockchain community in Australia.

Billing, contract terms, marketing and switching practices in the New Zealand telecommunications industry head the list of priority areas for the country’s competition regulator The Commerce Commission’s focus over the next 12 months.

The new company to be formed by the proposed merger of CSC and the enterprise services business of Hewlett Packard Enterprise will be called DXC Technology.

The merger of LogMeIn and former Citrix subsidiary GetGo has been completed.

The business resulting from the proposed merger of Dell and EMC will be called Dell Technologies, Dell chairman and CEO Michael Dell announced today.