Latest It Services News

Burgundy Diamond Mines' subsidiary Arctic Canadian Diamond Company has secured a C$115 million senior secured loan from Canada's LETL facility to support operations amid US tariffs impacting diamond markets. The funding enables continued development and operational restructuring at the Ekati mine.

Downer EDI Limited has been named preferred contractor for four major New Zealand state highway maintenance contracts, securing an estimated NZD 870 million in revenue over initial contract periods starting May 2026.

Maas Group's JLE subsidiary has landed a $200 million deal to deliver modular electrical infrastructure for a 100MW AI factory cluster in Tasmania, marking a major step into the AI infrastructure sector.

Scout Security outlines a bold transformation with the acquisition of Roo Inc., expansion into insuretech, and a pivot to AI-driven smart security solutions, positioning itself for accelerated growth and profitability.

The ACCC’s final report slashes regulated voice interconnection rates, prompting Aussie Broadband to forecast a multi-million dollar EBITDA impact from FY27 and plan mitigation strategies.

4DMedical secures Cleveland Clinic as the third major US academic medical centre to adopt its CT – VQ™ respiratory imaging technology, marking rapid commercial traction post-FDA clearance.

Develop Global Limited has landed a significant A$200 million contract to build underground access tunnels at OceanaGold’s Waihi North Project in New Zealand, marking a major milestone for its mining services division.

Macro Metals Limited has completed the acquisition of a 27.3% interest in the Extension Iron Ore Project, positioning itself to move beyond mining services into direct iron ore production with first ore targeted for late 2026.

Bapcor Limited has obtained unanimous lender approval to temporarily ease its Net Leverage Ratio covenant, supporting its ongoing turnaround efforts through mid-2026.

Dubber Corporation has secured a significant five-year contract with a leading North American telecommunications provider to deliver Mobile Voice Recording and AI-driven conversation analytics, marking a pivotal expansion in its global footprint.

Calix Limited has landed a significant three-year contract with a major US agriculture company, potentially adding up to A$10 million in annual revenue starting early 2026.

Symal Group Limited is acquiring an 80% stake in Davison Earthmovers for $23.2 million, marking a strategic expansion into South Australia's civil infrastructure market. The acquisition is expected to be earnings accretive from the first year and includes significant plant and equipment assets.