Nuix shares lift on $35m Linkurious acquisition announcement
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More news: Nuix shares lifted in afternoon trade after announcing plans to acquire French graph-powered AI decision platform Linkurious for $35.4 million.
At 12:42pm AEDT, shares in Nuix had lifted 1.8% to $1.83 but were still down 70.7% in the year to date.
RBC Capital Markets analyst Garry Sherriff said Linkurious is already a technology partner of Nuix and the transaction indicates “a push downstream into review and presentation vs. traditional strengths in upstream processing” of data.
He also flagged that the deal will introduce debt on the balance sheet, with Nuix “historically being debt-free”. Sherriff has a neutral sentiment on the deal and $2.60 target price for Nuix shares.
Nuix acquires French AI decision platform Linkurious for $35m
The news: Software group Nuix has agreed to buy graph-powered AI decision platform Linkurious for $35.4 million.
The numbers: Nuix will acquire all of the shares in Paris-based Linkurious, paying an upfront fee of $22.1 million in cash. Around $4.4 million in Nuix shares will be held in escrow for 12 months, and a further $8.8 million earnout payment is contingent on annualised contract value growth and cross-sell synergies over 24 months.
Nuix said the full upfront cash cost of up to $30 million — including $4.4 million in asset adjustments and $3.5 million in transaction fees — will be funded by debt and cash on hand.
The Sydney-based company, which provides investigative analytics and intelligence software, has upsized its existing debt facilities to $50 million, with around $20 million used to support the Linkurious acquisition.
The context: Founded in 2013, Linkurious provides technology that allows customers to visually explore and investigate graph data, to detect patterns of interest and investigate alerts.
Linkurious, which has customers across North America, Europe and Asia-Pacific, is an existing Nuix technology partner and the pair share a number of customers.
The acquisition is expected to close in the first quarter of the 2026 calendar year, subject to customary closing conditions and regulatory approvals, including Foreign Direct Investment approval in France.
What they said: "The acquisition of Linkurious is an exciting accelerator for our strategic vision to enable our customers with insights from complex data at unparalleled speed and scale," said Nuix interim CEO John Ruthven.
"This injection of graph-native expertise, proven link analysis technology and quality customers will allow us to bring immediate value to our customers."
The source: ASX
