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ARQ Group’s Diaxion Acquisition Creates Australia’s Only Full-Service Technology, Data and Digital Consultancy
Today we’re excited to announce ARQ Group is acquiring Diaxion – one of Australia’s leading technology consultancies. The acquisition unites two of the country’s leading technology companies to create Australia’s only full-service technology, data, AI, cloud and digital consultancy providing advisory, delivery and operate/managed services.
ARQ customers now have access to the full spectrum of technological capabilities required to modernise and optimise their organisation – all onshore – and creating local jobs in one of the fastest growing industries: digital and technology. Diaxion are an Australian technology success story that began in 2000. Today Diaxion are a market leading, technology consultancy with an impressive portfolio of clients: state and federal government and ASX-200 companies, including the big four banks.
ARQ Group CEO Tristan Sternson said Diaxion’s market leading technology consultancy and digital transformation expertise naturally complements ARQ Group’s specialist capabilities in data analytics, artificial intelligence, and process automation.
“The company continued to grow rapidly over 2020, with Diaxion identified as the ideal company to fuel the continued expansion. Arq added more than 150 new employees over the course of last year, despite the pandemic, and has already seen revenue growth of 25% in 2021.
After successfully winning numerous government tenders and projects with a range of federal agencies, we were keen to strengthen ARQ Group’s footprint into Canberra.
Diaxion’s extensive experience working with federal departments, along with our existing Canberra offices, will provide ARQ Group with the opportunity to offer a wider suite of services to public sector agencies. “Importantly, there will be no redundancies from the acquisition, and we’re excited to welcome the entire Diaxion team into the growing ARQ Group family,” Sternson said.
Simon Pither, Partner of Quadrant Private Equity and Chairman of ARQ Group celebrated the acquisition and said that 2020 was an incredible year of growth, despite the impacts of COVID-19.
“When we first invested in ARQ Group last year, we did so because we saw the huge digital transformation tasks ahead for many Australian companies and Governments and knew ARQ Group was ideally positioned to help bridge that technical chasm.
Due to COVID-19, that digital transformation has moved faster than we initially anticipated, but I’m proud how the ARQ Group team has responded and continued, delivering incredible results for its customers. “The combination of ARQ Group and Diaxion creates Australia’s only home-grown, full-service digital, data, cloud, and tech advisory company,” Pither said.
Diaxion becomes part of ARQ Group, which was acquired by Australian Private Equity firm Quadrant in partnership with the Management Team led by Tristan Sternson in February 2020, and the combined business will have more than 450 employees.
ARQ Group continues to seek further acquisition opportunities that will strengthen the business, expand ARQ’s geographic footprint, and provide customers new and expanded data, digital, and tech offerings.
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