COMPANY NEWS:
Key highlights:
Atturra Limited, through its subsidiary Atturra Advisory Pty Ltd ACN 117 643 240 (“Atturra Advisory”), to acquire Exent Holdings Pty Ltd ACN 667 230 328 (“Exent”).
Upfront consideration for Exent is $6m in cash, with earn-out/post-completion consideration of up to $2m in cash, subject to Exent achieving first half FY25 performance hurdles.
Strategically aligned acquisition of Exent helps Atturra extend its advisory and consulting capabilities outside of Canberra and Defence and expand the practice nationally.
The purchase price, including upfront and deferred consideration, is calculated on a multiple of 6.5x forecast EBITDA contribution to Atturra in FY25.
GUEST OPINION: Most of us agree that applications based on microservices and APIs are a core part of digital transformation and of our future-state environments. Eighty-six percent of teams see microservices-based applications as the future.
GUEST OPINION by Yaniv Hoffman, Vice President Technologies, Radware: The widespread adoption of mobile IoT devices, emerging ‘serverless’ architectures hosted in public clouds, and the growing dependency on machine-to-machine communication, are reasons to make changes to modern application architectures.