Perth IT firm ASG Group has made an all-cash $123.4 million offer to acquire Melbourne-based SMS Management & Technology, but the target has maintained its recommendation of an offer previously put forward by another competitor.
SPECIAL REPORT: The growing use of technology as a business enabler is creating opportunities for information and communication technology (ICT) firms.
SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth's data storage capacity, and into new high-speed subsea cables.
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.
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.
Perth-based custom software developer, Beacon Technology, has been bought by global IT management consulting firm The Birchman Group, marking the group's first acquisition in Australia and in the Asia-Pacific region
