ASX Quarterly Tech Wrap: Acquisitions, deals and capital raises

• Ovanti makes key appointments to US leadership team as enters strategic partnership 
• Decidr enters into binding deal to acquire the remaining 49% of Decidr.ai
• Harvest Tech secures a global mineral exploration drilling group as a customer

ASX-listed tech companies have released their latest quarterly results, showing solid progress across key areas.

From advancing innovation, new appointments,  product development to strengthening balance sheets these companies are positioning themselves for continued growth into the financial year ahead.

Ovanti (ASX:OVT)

• New CEO of Ovanti’s US business Peter Maher started in July 
• Company enters strategic partnerships with NYSE-listed Shift 4 Payments
• Bolsters US BNPL leadership team by appointing three new senior executives

OVT appointed Zip Co’s Peter Maher as CEO of its US business, taking up the role on July 14 this year.

The company also entered a strategic partnership agreement with Shift 4 Payments, a leading US payment processing and commerce solutions provider listed on the New York Stock Exchange (NYSE).

During the quarter OVT appointed Barbara Badelt Ford as senior vice president, commercial.  She joins the company from Nasdaq-listed payments tech company Nuvei.

Former director of payments at Nordstrom Daniel Criselego was appointed senior vice president, merchant & partner operations, while former NYSE-listed Block executive Jacek Serafinski joined Ovanti as senior vice president, product & engineering.

The company announced in September that it had signed NDAs with four US SPACs and is exploring dual-listing on the Nasdaq.

OVT   is pursuing legal proceedings in Malaysia, with Suit 125 and Suit 234 currently in progress, and is preparing to start additional actions in Australia aimed at recovering funds from Australian parties.

Cash and cash equivalents on September 30 were $1.70 million, down from $4.95m at the end of the June quarter, attributed to operational outflows supporting the group’s ongoing growth strategy.

After quarter end, OVT completed a share placement to raise up to $8m, with a $3m investment from chairman Daler Fayziev.

Post quarter in October OVT attended the Money20/20 USA fintech conference in Las Vegas as it looks to finalise key partnerships.

Decidr Ai Industries (ASX:DAI)

• Decidr enters into binding deal to acquire remaining 49% of Decidr.ai
• CareerOne agentic app (C1.ai), co-created with Decidr, was released in full production
• Company raises $20m in share placement and $8.2m from option conversions

During the quarter DAI, entered into a binding agreement to acquire the remaining 49% of Decidr.ai, subject to shareholder approval at the company’s AGM on November 14.

Decidr.ai continues to show strong commercial momentum, recording annualised revenue of $2.5m in Q1 FY26 along with a 39% increase in quarterly exit rate from Q4 FY25 in its third full quarter of commercialisation.

DAI’s partner commercialisation and expansion continues to progress, with previously announced partnerships — including eBev, ELMO, and Go1 — moving into commercial deployment in October and expected to generate revenues in Q2 FY26.

New partnerships have also been established with Sugarwork (US), NowBookIt (AU), SBX (AU), and DXC (SG).

The CareerOne agentic app (C1.ai), co-created with Decidr, was released in full production, delivering $150,000 in exit rate revenues at the end of the quarter.

Key technology partnerships are advancing, with Amazon Web Services (AWS) moving the Fastrack Program into Beta testing, and the Decidr agentic Sales and Marketing Assistant approved for the Shopify marketplace, both set for production in Q2 FY26.

DAI’s consumer brand, Edible Beauty, delivered 10% uplift in quarterly gross margins to 60%, supported by efficiencies in freight, logistics, and supplier pricing.

Quarterly sales of $306,000 remained consistent with pcp despite weak discretionary trading conditions.

The company’s strong cash position of $29.5m at September 30 follows a $20m share placement in September and $8.2m raised from option conversions, providing a solid foundation for growth.

Post quarter DAI successfully launched DecidrOS, its unified AI platform, in October, attracting strong early demand and onboarding eligible paid customers through the OSBeta program.

Looking ahead, DAI’s FY26 growth strategy focuses on expanding deployment of DecidrOS across commercial and enterprise partners, cementing its role as a foundational player in the emerging Agentic economy.

Codeifai (ASX:CDE)

• Codeifai completes due diligence for acquisition of antennatransfer.io platform to be rebranded QuantumAI Secure
• Company bolsters strategic advisor panel, which now includes experts from Nvidia, OpenAI, Google, WhatsApp and Binance
• Undertakes a $2.53m capital raise during the quarter to support ongoing growth and strategic initiatives

CDE has reported its Q3 CY25 results with progress across key fronts including its planned acquisition of AntennaTransfer.io, an AI-backed quantum secure communications platform.

The company completed due diligence for acquisition of the platform, which is owned by Canadian financial technology company Credissential Inc and will be rebranded QuantumAI Secure.

Revenue for Q3 CY25 reached $165,000, a 10% increase on Q2 and a 55% rise on pcp. Year-to-date revenue is 30% higher than the same period last year,  which the company said reflected solid growth across its product portfolio.

Net cash used in operating activities was $566,000, up on Q2 but in line with the pcp, which the company said demonstrated continued strong cash management.

During the quarter CDE bolstered its strategic advisory panel, which now includes highly skilled industry experts from transformative companies in tech including Nvidia, OpenAI, Google, WhatsApp and Binance. 

The company completed a $2.53m capital raise during the quarter, strengthening its balance sheet to support ongoing growth and strategic initiatives.

During the quarter, CDE also announced the launch of GS1 Digital Link functionality on its ConnectQR
platform.

The company said this was an important step in its transition into a wider range of QR code solutions (such
as Quantum secured fiat and crypto payments) and potentially others as QR code technologies
grow globally in scale and scope.

CDE’s strategic review of its Material Science Division focused on authenticity solutions was also ongoing
during the quarter and is planned to be concluded by Q4. 

Harvest Technology Group (ASX:HTG)

• Harvest Tech secures a global mineral exploration drilling group as a customer
• Expansion of rollout of Uncrewed Surface Vessel Border Control Fleet in Middle East
• Company raised $2.13m through a combination of debt and convertible note instruments

During Q1 FY26 the remote communications tech-solutions provider  broke into a new industry vertical, securing a global mineral exploration drilling group as a customer.

The company’s Nodestream technology has been deployed and integrated into the client’s autonomous drilling R&D platform.  While still in early stages, HTG said the project had potential to scale significantly if successful.

There was further expansion of the rollout of the Uncrewed Surface Vessel Border Control fleet in the Middle East. Additional growth is expected as the rollout continues.

In the defence sector, HTG secured an order — with full advance payment received — to design and deliver four new prototypes for one of its key partners.

Deployments across mining, defence, and border control underscore HTG’s strategic push to diversify beyond its traditional maritime and marine sectors, opening the door to a broader customer base across high-value industries.

A major APAC marine services client successfully completed its Nodestream pilot and has placed a firm order to equip four additional vessels, with the potential for a wider fleet rollout.

HTG also advanced discussions with new channel and referral partners and undertook business development trips to Europe and the US, noting strong momentum in global demand for remote and autonomous operations.

The company also delivered major upgrades to Nodestream, strengthening end-to-end security and aligning the platform with Harvest’s new branding.

HTG also executed a $725,000 settlement related to the Vos Shine vessel and signed an MOU with Annex Digital, providing direct access to Australian Federal Government and defence projects.

HTG recorded total revenue of $618,000 for Q1 FY26, down from $746,000 in Q1 FY25, with cash receipts of $462,000. EBITDA improved reflecting benefits of right-sizing measures implemented in the previous financial year.

HTG raised $2.13m (before costs) through a combination of debt and convertible note instruments and ended the quarter with $1.172m.

At Stockhead, we tell it as it is. While Ovanti, Decidr AI Industries, Codeifai and Harvest Technology Group are Stockhead advertisers, the companies did not sponsor this story.