Atturra boosts revenues beyond $300 million on back of endless acquisitions
Australian IT services and consulting firm Atturra has generated revenues in excess of $300 million over the past year, up by more than 20 percent on the previous period despite industry headwinds.
While still unaudited, Atturra has given guidance that the IT services and consulting firm expects to surpass the $300 million revenue-mark this year, after growing by more than 30 percent to just over $240 million in its previous financial period.
Formed in 2021 out of an amalgamation of several acquisitions under its previous FTS brand, Atturra has continued to add new businesses to its line-up ever since, including the firm’s latest purchase; Brisbane-based SAP specialist DalRae Solutions.
As just a sample, the past twelve months have seen Atturra add Melbourne-based ECM firm Chrome Consulting, Brisbane management consultancy Exent, and managed services provider Plan B in New Zealand, forking out more than $30 million for those three deals alone. More recently, it acquired Boomi partner Kitepipe, extending the firm’s influence to the US.
Those bolt-ons, and the many more before that, have helped Atturra’s revenues to spike from around $170 million in 2023, already up by over a third, to more than $300 million just two years on, having only floated with an IPO raise of $25 million at the start of 2022. But the consultancy refuses to quit, recently adding more advisory firepower through the purchase of DalRae.
“This acquisition marks an important step in Atturra’s long-standing ambition to meaningfully expand into the SAP ecosystem, by combining our national footprint with the deep expertise of DalRae to significantly enhance our ability to deliver end-to-end enterprise solutions,” CEO Stephen Kowal said of the firm’s latest purchase, which could be worth up to $15 million based on performance.
Atturra says the Brisbane-based S/4HANA specialist should add a chunk to its bottom-line in the coming year, but is already tallying up the revenue benefits of its previous purchases.While its full 2025 financial year figures won’t be released until late next month, the firm is confident of a further 20 percent-plus growth spurt over the next twelve months, mostly organic.
Next phase
“This year marks a significant milestone in Atturra’s journey, transitioning from a scale-up into a fully integrated advisory & IT solutions provider,” said Kowal. “We have now shifted focus from getting to scale quickly to EPS growth, and despite some ongoing headwinds, our diversified positioning across key high-growth tech verticals has enabled us to deliver profitability.”
On joining the sovereign IT juggernaut after ten years in business, DalRae founder and CEO Chris Rae added; “This is a pivotal moment, allowing us to scale our impact while staying true to what makes us different. Atturra brings complementary capability and reach, and together we’re positioned to lead the next wave of SAP transformation across Australia and beyond.”
