Nexion Group

What Nexion Group does

Nexion Group Ltd (ASX: NNG) is a Perth-headquartered, Australia-listed hybrid cloud and managed ICT services provider that builds and operates proprietary OneCloud data centre nodes co-located with Aryaka SD-WAN points of presence in Perth, Sydney, Melbourne, Adelaide, and Auckland, with logical reach to 65+ countries via the Aryaka global fabric. Its flagship OneCloud platform integrates private cloud infrastructure with public cloud connectivity (AWS, Azure, Google Cloud, Oracle Cloud, Alibaba Cloud) and is layered with SD-WAN, security (Fortinet fabric), storage (Pure Storage, NetApp Keystone), and VMware orchestration, sold primarily as multi-year (36-60 month) subscription contracts to enterprise customers, with IBM GTS as Tier 1 Global Partner and flagship anchor customer.

The group operates through several sub-brands: NEXION Networks (services delivery), NEXION Infrastructure (data centre operations), NEXION Pacific (NZ, Pacific Islands, and east coast Australia), Blue Sky Telecom (acquired Perth telco providing hosted voice, MPLS, and satellite), NEXSAT (LEO/GEO satellite communications including Starlink integration with 150 contracted systems by mid-2022), and SmartRooms (Industrial IoT infrastructure monitoring launched March 2022 in partnership with AVTECH Software). FY22 pro-forma revenue was A$18.4M, with 79% organic growth and 310% total growth including acquisitions; ARR grew from A$2.4M to A$5.9M in three quarters.

Nexion monetizes primarily through subscription recurring revenue (hybrid cloud subscriptions, MRR/ARR, managed ICT services), supplemented by project-based deployment revenue, hardware sales, and satellite communications services. Go-to-market is enterprise field sales supported by a dedicated alliances and channel function, with tier-1 global partnerships (IBM, Aryaka, NetApp) and exclusive ANZ distribution rights for selected platforms (NetApp Keystone, AVTECH SmartRooms, Aryaka SASE/SD-WAN). Following an oversubscribed A$8M ASX IPO in February 2021, the company executed the A$2M Blue Sky Telecom acquisition in August 2021, raised A$2.75M in November 2021, and received A$21M from PARC Capital in May 2023 to fund further M&A growth.

Name

Nexion Group

Legal name

Nexion Group Ltd

Website

https://nexiongroup.io

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Nexion Group is an ASX-listed Perth-based hybrid cloud and managed ICT services provider operating proprietary OneCloud data centre nodes across ANZ, partnered with IBM, Aryaka, and NetApp, and serving enterprise customers with subscription cloud, SD-WAN, satellite, and IIoT monitoring services.

Ownership category

akta.pro rank

Product category

Managed Hybrid Cloud & ICT Services

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Hybrid Cloud Connectivity & Interconnect (HDABAMAB)

akta.pro secondary industries

Hybrid Cloud Compute & Virtualization Stack (HCI/VMs/Kubernetes) (HDABAMAF), Network-as-a-Service (NaaS) & On-Demand Connectivity (HDABALAE)

Keywords

• Hybrid cloud services
• Managed ICT services
• Cloud networking solutions
• IT security services
• Satellite communications

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Annualised Recurring Revenue (ARR) / Monthly Recurring Revenue (MRR): Long-term contracted recurring revenue from hybrid cloud subscriptions (OneCloud), SD-WAN bandwidth services, and managed services. ARR grew from $2.4M (Q4FY21) to $5.9M (Q1FY22), a 145% increase. Q2FY22 saw 91% increase in monthly recurring revenue. Backbone of long-term sustainability strategy.
2. Project / Non-Recurring Revenue: One-off project-based revenue from initial deployments, infrastructure builds, and integrations. Q1 FY22 non-recurring project revenue up 170% to $0.38M as activity returned to pre-COVID levels. New projects expected to flow through to recurring revenue in subsequent quarters.
3. Managed ICT Services: Fully-managed tech services including networks, help-desk, storage, cloud, security, wireless communications, professional services, satellite, and voice. Margin improvement to 44% in Q2FY22 (up from 21% prior FY) following Blue Sky integration.
4. Hardware & Equipment Sales: Sales of computer and data storage equipment integrated with public cloud services to form hybrid cloud. Includes distribution of AVTECH's SmartRooms environmental sensor products in ANZ, plus network hardware and SD-WAN equipment sales.
5. Satellite Communications Services (NEXSAT): LEO/GEO satellite communications bundled with 4G, security and hybrid cloud integration. 150 NEXSAT systems contracted by mid-2022 generating $35K in additional MRR plus $500K in initial 12-month contracted value.

Pricing tiers

Go-to-market motion1 record

Core offering

Nexion Group delivers hybrid cloud, networking, security, and managed ICT services to enterprise and government customers across Australia and the Indo-Pacific. Its flagship OneCloud hybrid cloud platform combines private and public cloud orchestration, while managed services wrap networking, cybersecurity (including SASE), storage (NetApp Keystone), industrial IoT monitoring (SmartRooms), and satellite communications (NEXSAT) into end-to-end offerings.

Product overview

Nexion Group operates a platform-plus-modules architecture centred on its flagship OneCloud Hybrid Cloud platform, which integrates private cloud infrastructure co-located with Aryaka SD-WAN points of presence and connects to global public cloud platforms (AWS, Azure, Google Cloud, Oracle Cloud, Alibaba Cloud). Around this core platform, the group has assembled multiple product modules and sub-brands: NEXION Networks (the services delivery subsidiary), NEXION Infrastructure (data centre / network operations), NEXION Pacific (the Asia-Pacific entity covering New Zealand, Pacific Islands, and east coast Australia), NEXSAT (a combined LEO/GEO satellite plus 4G communications service built on the Blue Sky Telecom acquisition), and SmartRooms (an IIoT mission-critical infrastructure monitoring solution distributed under partnership with AVTECH). Blue Sky Telecom remains a distinct acquired brand providing hosted voice, MPLS, and satellite services. SASE and SD-WAN capabilities are delivered through the Aryaka partnership, and Storage-as-a-Service is delivered via the NetApp Keystone partnership. The portfolio is sold primarily as long-term contracted recurring revenue to enterprise customers, with IBM as a flagship Tier 1 Global Partner.

Differentiator

Problem solved

Functional benefit

Brands

• OneCloud: Proprietary hybrid cloud data centre node solution integrating private cloud infrastructure with public cloud services, optimized for corporate application performance via co-location with Aryaka PoPs.
• NEXSAT
• SmartRooms

Products and services

• OneCloud Hybrid Cloud Platform Flagship hybrid cloud platform that orchestrates private and public cloud workloads, providing unified management, migration, and operations for enterprise IT environments. Targeted at organisations seeking to balance on-premises infrastructure with public cloud scale.
• NEXSAT Satellite Communications Satellite connectivity solution for remote and rural sites where terrestrial networks are unavailable or unreliable, supporting enterprise, government, and industrial customers operating across the Indo-Pacific region.
• SmartRooms (IIoT Monitoring) Industrial Internet of Things (IIoT) monitoring solution that provides environmental, power, and asset telemetry for remote sites, data centres, and operational technology environments. Used by enterprises and governments to monitor critical infrastructure.
• NetApp Keystone Storage-as-a-Service Subscription-based enterprise storage service delivered through the NetApp Keystone program, offered by Nexion as a managed storage consumption model for organisations seeking OPEX-based data infrastructure.
• SASE (Secure Access Service Edge) Managed Secure Access Service Edge solution combining networking and security functions (SD-WAN, secure web gateway, ZTNA, CASB) into a cloud-delivered service for distributed enterprise workforces.
• Managed ICT Services End-to-end managed services covering cloud, networking, cybersecurity, and IT operations, delivered as ongoing outsourced IT support for enterprise and government customers.

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability3 records

Feature5 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Macquarie Telecom Group: ASX-listed (MAQ) Australian provider of cloud, data centre, cybersecurity, and managed services to enterprise and government customers. Closely comparable business model to Nexion's hybrid cloud and managed ICT services offering, with overlapping customer base in ANZ mid-market and government segments.
• Over the Wire Holdings: ASX-listed (now private after 2021 MNF Group acquisition) Australian provider of unified communications, cloud, and managed services. Directly comparable to Nexion's enterprise ICT, SD-WAN, and managed services portfolio with similar target customer segments in Australia.
• Superloop: ASX-listed (SLC) provider of connectivity, SD-WAN, and managed services across Australia, Singapore, and Hong Kong. Comparable to Nexion's SD-WAN and network infrastructure offering with overlapping ANZ and Asia-Pacific geographic focus.
• Tesserent: ASX-listed cybersecurity and managed services provider (acquired by Thales in 2024). Comparable to Nexion in providing ANZ enterprise cybersecurity and managed ICT services, with similar customer profile and acquisition-driven growth strategy.
• Pivotel Group: Australian satellite communications provider serving remote and mobile customers. Directly comparable to Nexion's NEXSAT satellite communications offering for remote enterprise sites, including mining and resource sector clients across Australia.

Broad incumbents

• Datacom: Large Australasian managed services, cloud, and IT infrastructure provider. Comparable to Nexion at the portfolio level across cloud, managed services, and connectivity, though materially larger and serving broader enterprise and government markets.
• Rackspace Technology: Global managed cloud services provider with multi-cloud, hybrid cloud, and managed security offerings. Comparable in product scope to Nexion's OneCloud hybrid cloud platform, though at materially larger scale and with broader geographic coverage.
• Vocus Communications: Australian fibre, network, and telecommunications provider. Comparable to Nexion's SD-WAN and managed network services offering at the connectivity layer, with overlapping ANZ enterprise customer base and similar reliance on network infrastructure.
• Telstra Purple (Telstra Enterprise): Telstra's enterprise division providing cloud, managed services, networking, and security across ANZ and globally. Comparable across essentially all of Nexion's product portfolio at materially larger scale, with significant procurement and channel influence in the Australian enterprise market.

Others

• Aryaka Networks: Global SD-WAN and SASE provider and Nexion's principal technology partner. Adjacent peer given that Nexion operates as Aryaka's ANZ delivery arm; comparable in the SD-WAN/SASE category but not a direct sales competitor given the principal-partner relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/NEXIONGroup
• LinkedInlinkedin.com/company/nexion-group-asx-nng

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nexion Group