Australia Technology

The Reserve Bank of Australia warned that high demand for data centres is pushing up global inflation alongside the ongoing Middle East conflict.

Data centre developer Firmus is targeting an initial public offering on Oct. 22 that could value the business at up to US$60 billion.

HiTech Group Australia (ASX:HIT) has appointed Nicole Walker as Group CFO and COO following its completed acquisition of selected assets from Hudson Global Resources (Aust).

Data-centric security firm archTIS (ASX:AR9) has secured a software licensing contract worth approximately $119,000.

Stakk (ASX:SKK) has finalised its acquisition of ParaScript for US$63 million in a cash and scrip transaction.

NoviqTech (ASX:NVQ) entered a conditional agreement to acquire software intellectual property from Singapore-based Morphotech for $67,000.

Infratil (ASX:IFT) upgraded its FY27 proportionate earnings guidance to NZ$1.32–1.42 billion after securing new contracts.

HiTech Group Australia (ASX:HIT) has secured firm commitments to raise $4 million through a share placement at $1 per share.

Talga Group (ASX:TLG) executed a non-binding letter of intent with German battery manufacturer EAS Batteries.

Dataworks (ASX:DWG) has announced a capital raising of up to $4.2 million before costs to fund its next stage of business growth.

Netwealth Group (ASX:NWL) has agreed to acquire 100% of AI-enabled advice platform Paradino for an upfront consideration of $20 million.

Synertec (ASX:SOP) confirmed the Australian Nuclear Science and Technology Organisation awarded its $45.5 million engineering services contract.