The NRFC has made a $200 million hybrid note investment in Macquarie Technology Group (Macquarie Technology), which the company will use to support the expansion of its sovereign cloud services, the development of AI-enabled cybersecurity capability, and the fit-out of a new sovereign data facility.
The NRFC’s investment will help ensure that critical digital infrastructure and information remains securely onshore, protect the sensitive data of millions of Australians, and create 140 highly skilled jobs in AI, cybersecurity, and software engineering.
About Macquarie Technology Group
Macquarie Technology is an ASX-listed (ASX: MAQ) cloud, cybersecurity, and telecoms provider. Founded in 1992 by Australian brothers David and Aidan Tudehope, Macquarie Technology provides sovereign cloud, cybersecurity, and AI infrastructure services to customers including Australian businesses, critical infrastructure sectors, and government agencies.
The company’s integrated technology stack – combining software, platform assembly, and operations – enables customers to securely store, process, and protect sensitive data within Australia.
Macquarie Technology provides secure cloud and cybersecurity infrastructure to a large number of Australian government agencies, including parts of government that handle the personal data of millions of Australians as well as other highly sensitive information.
Investment impact
Building sovereign capability
Australian companies need cybersecurity capability to compete and win work in areas where information security is a requirement for entry. The NRFC’s investment is helping Macquarie Technology to expand its sovereign cloud services, develop AI-enabled cybersecurity capability, and fit-out a new sovereign data facility, allowing more Australian businesses to ensure that their sensitive data remains securely onshore.
Creating jobs
Macquarie Technology currently employs ~450 people in offices and data centres around Australia. The NRFC’s investment is expected create 140 additional highly skilled local jobs in AI, cybersecurity, and software engineering.
Innovative capital structuring
The NRFC’s investment in Macquarie Technology will be provided by way of a first-of-its-kind hybrid note for an unrated company, combining both debt and equity features. In addition to providing the company with the financing it needs to scale up its sovereign cloud and cybersecurity businesses, this investment will help to position Macquarie Technology as an attractive partner for future private capital investment.
Delivering increased national resilience
The NRFC’s Enabling Capabilities Priority Area involves helping to deliver national capabilities that Australian companies need to compete and win in the emerging digital economy. The NRFC’s investment in Macquarie Technology provides Australian businesses with access to crucial digital infrastructure, delivering increased national resilience in the face of growing global uncertainty.