IT services company Atturra (ASX: ATA) has locked in an acquisition agreement for rival Cirrus Networks (ASX: CRN) for a total consideration of $37 million in cash plus additional shares. This transaction is poised to have a significant impact on the Australian IT services landscape, consolidating the position of Atturra as a leading player in
Read MoreAfter kicking off the financial year with multiple contract wins, IT solutions provider Cirrus Networks (ASX: CNW) is closing off with its strongest financial year in history—made possible thanks to some major contract wins and reduced overhead costs. Cirrus is expecting to achieve a consolidated revenue of $112 million in FY23, setting a new record
Read MoreWe don’t want to keep bringing up what happened last year to Optus, Medibank, or Telstra, but the cyber threat in Australia is real. According to IBM Global managing director Charles Henderson, Australia and the rest of Asia are being increasingly targeted for cyberattacks, and the average cost of each cyber breach in Australia, reached
Read MoreIt may not have had the sex appeal of the big BNPL acquisition that rocked the ASX yesterday but M&A activity is thriving in the digital space albeit IT services provider Cirrus Networks (ASX: CNW) was insulted by the takeover offer received from telecommunications provider Webcentral (ASX: WCG). Unanimously recommending their shareholders reject the offer
Read MoreIn a week where Australia has been rocked by cybersecurity attacks, effective management of IT services has become more critical to business management where IT and networking company Cirrus Networks (ASX: CNW) has landed three big contracts. The largest of the contracts is a 3-year extension with the Peter MacCallum Cancer Centre which will increase
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