Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.
The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.
Perth's status as a significant outpost in the national information and communications technology sector could be threatened by the likely loss of key major local headquarters following recent mergers and acquisitions activity.
Perth-based Amcom Telecommunications has posted a 16 per cent slide in half-year profit to $9.3 million on the back of a fall in revenue from its IT services business.
Amcom Telecommunications has teamed up with e-business association eGroup WA and technology hub Spacecubed to launch a tech accelerator program in Perth to help startups turn their ideas into products.
Recently crowned Big Bash League champions, Perth Scorchers, have secured nearly three times the sponsorship dollars this year compared with last year on the back of two tournament wins in successive seasons.
Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.
Vocus Communications has been successful in its bid to take over Amcom Telecommunications with the pair agreeing to a deal valuing Amcom at $652.7 million.
After two weeks of controversy over Transport Minister Dean Nalder's “perceived” conflicts of interest, a government report released today made it clear why Premier Colin Barnett stripped Mr Nalder of the finance ministry.
Western Australian companies are on the outer in the quarterly reshuffle of the S&P ASX indices, with local players including Iluka Resources and Medusa Mining dropping out.
Subiaco-based White Star Resources, which is in the process of acquiring a technology business, will seek shareholder approval to increase its previously announced capital raising to $5 million, to accommodate a new prominent cornerstone investor.
Amcom Telecommunications is preparing for a busy end to the year as negotiations with Vocus Communications continue and TPG Telecom waits on the sidelines.
Interest in a takeover of Perth-based Amcom Telecommunications is heating up with telecommunications heavyweight TPG Telecom emerging as a potential suitor.
Information technology provider Amcom Telecommunications' share price has risen sharply after telco group Vocus Communications said it had acquired a 10 per cent stake and proposed a merger of the two companies.
Shares in Amcom Telecommunications have fallen more than 5 per cent on the back of a significant decrease in profit growth for the 2013-14 financial year.
FEATURE: Biotech and IT companies are enjoying renewed investor interest, but these innovative businesses are facing a changing capital raising market featuring less government support and, in Perth, a drastic shift in the venture capital sector.
Western Australian information technology and communications companies are continuing to spread their national influence, with Empired the latest to announce an east coast deal.
Amcom Telecommunications has inked a deal which opens the door to it selling cloud-based services to the potentially lucrative higher education market.
FEATURE: It has been a difficult year for many of WA's listed entities, but investors are backing the performance of most of the state's top executives.
Amcom chairman Tony Grist told the company's annual meeting today it was well placed to deliver another year of double digit percentage growth in underlying net profit after tax.
The City of Perth has launched a free wireless internet service in the central business district - but it comes a year after a local technology company did the same.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
Managing risk and implementing methodical strategies have helped three local companies hit their targets, guests at a recent Business News Success & Leadership breakfast heard.
Leaders of three top performing businesses in vastly different sectors say growing organically has been key to successfully expanding their businesses, rather than mergers and acquisitions, which come at a higher cost and with more risk.
