)
Automation systems and AI integrator xAmplify has received a "significant equity investment" from Macquarie Capital Principal Finance to accelerate the Canberra-headquartered company's national expansion, and strengthen its capability to deliver digital transformation services to government and enterprise clients.
Founded in 2018, xAmplify has grown rapidly on the strength of its integrated offerings across AI, cybersecurity, managed services, business transformation, and automation.
A planned merger with cybersecurity consultancy CSO Group fell through in 2024, but more recently the company acquired ServiceNow partner TCloud, opened a new Sydney office, and is planning further expansion across Australia this year.
The company declined to disclose the size of the latest investment, but documents lodged with the corporate regulator indicate Macquarie has more than $4.3 million worth of xAmplify shares. xAmplify claims this figure is incorrect but is yet to provide any further clarification.
"Australia’s digital priorities are shifting fast. From sovereign data management to AI adoption, we need scalable, smart infrastructure and solutions that are built and delivered by people who understand the local context," says xAmplify co-founder and CEO Wayne Gowland.
"Partnerships like this give us the momentum and capital to expand our national footprint, pursue targeted acquisitions, and extend the reach of our AgileOps platform to organisations prioritising automation, security, and agility."
With clients including the Australian Department of Health and Aged Care and the Department of Climate Change, Energy, the Environment and Water, xAmplify understands how building sovereign digital capability influences Australia's ability to remain globally competitive.
"We’re proud to be an Australian business building solutions for Australia’s future," Gowland says.
"For us, it’s not just about the technology, it’s about the people delivering it, and the national outcomes we create together. We believe this partnership with Macquarie Capital will help us do exactly that."
Macquarie Capital's head of principal finance for the APAC region, Newton Gillies, says Macquarie has a long-standing commitment to supporting high-growth Australian businesses with strong leadership, innovative capabilities, and national impact.
"xAmplify’s leadership team, expertise, and forward-looking platform align with Macquarie Capital’s view of the capabilities needed to drive continued digitisation for Australian businesses and government entities," Gillies says.
"We are excited to be partnering with the xAmplify team on the next phase of their growth."
Regarding last year's proposed merger with CSO, an xAmplify spokesperson reveals that a review of the deal's benefits led to a change of heart.
"Since the announcement of our intention to merge we have reviewed the synergistic benefits and feel that we would better serve the market as separate independent businesses and maintain the necessary focus on our core competencies," the spokesperson says.
)
