News Articles for Matthew Sullivan

Tensions rise over tech takeover

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A hostile takeover of local IT services firm Cirrus Networks has escalated, after its Victorian bidder alleged the target made a number of inaccurate statements that could mislead shareholders.

Board Moves September 13, 2021

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Our board moves wrap includes Christopher McLaughlin, Matthew Sullivan, Mick Wilkes, Peter Torre, Fletcher Hancock, and Isak Buitendag.

Webcentral seeks removal of Cirrus directors

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Cirrus Networks' board has continued to reject a takeover proposal made by Webcentral Group, which is now seeking to remove three directors of the local IT services firm.

Cirrus rejects Webcentral takeover

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The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.

Local IT business receives $30m takeover offer

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Cirrus Networks has become the second Perth-based IT services firm to receive a takeover offer in recent weeks, after Victoria's Webcentral Group made an on-market bid.

Cirrus wins Geoscience contract

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Perth-based IT solutions provider Cirrus Networks has secured a $13 million contract with federal government agency Geoscience Australia.

Cirrus shares up on contract updates

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Shares in Cirrus Networks rocketed early this morning but eased off during the day, as the market digested a trading update detailing several completed contracts.

Cirrus wins $5m govt contract

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Subiaco-based Cirrus Networks has won a $5 million contract for an undisclosed federal government agency.

Roobix acquires Titan Digital

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Perth marketing agency Roobix has substantially expanded its customer base and staffing by acquiring the assets of Titan Digital for $3.5 million.

Cirrus wins $3m Woodside contract

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Subiaco-based Cirrus Networks has won a $3 million cyber security contract with oil and gas giant Woodside Petroleum.

Cirrus locks in UWA contract

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Perth-based IT company Cirrus Networks has been awarded a $2 million service contract with the University of Western Australia.

Amristar, Cirrus win ICT contracts

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West Perth-based Amristar Solutions has secured a $4.5 million state government contract for ICT services, while ASX-listed Cirrus Networks has been awarded a $2.5 million contract to manage data services for Crown Resorts.

Cirrus secures IT contract

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IT company Cirrus Networks has secured a managed service contract with the Peter MacCallum Cancer Centre in Victoria.

Tech firms tap into data trends

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SPECIAL REPORT: Rapid advances in cloud computing and data analytics are creating business opportunities.

Cirrus makes Melbourne acquisition

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IT company Cirrus Networks has entered into an agreement to acquire Melbourne-based NGage Technology Group in a cash-and-scrip deal worth $2.5 million.

Cirrus lined up for Emeco IT job

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Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.

Internet and data bring IT investment

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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.

Cirrus Networks appoints new managing director

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Matthew Sullivan has been appointed as the new managing director of Cirrus Networks. Mr Sullivan has been a non-executive director of Cirrus since November 2014.

Sullivan to lead Cirrus

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Cirrus Networks has announced non-executive director and IT entrepreneur Matt Sullivan will transition to the role of managing director at the company's next general meeting.

Cirrus buys L7 Solutions

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Recently-listed IT company Cirrus Networks has bought Amcom L7 Solutions for a knock-down price of $500,000, four years after current Cirrus directors Andrew Milner and Matthew Sullivan sold the business for $15 million.

Changing fortunes for 40u40 winners

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From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

Liberty progresses Cirrus deal

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Liberty Resources is ticking the remaining boxes on its list of requirements to be met for its proposed acquisition of Cirrus Networks, with an independent expert giving the transaction its stamp of approval today, ahead of a shareholders meeting next month.

Cirrus appoints new board members

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L7 Solutions co-founders Andrew Milner and Matthew Sullivan have joined the board of Perth-based IT firm Cirrus Networks, while Liberty Resources continues due diligence on its reverse takeover of the business.