Megaport Limited (ASX: MP1) has finalised its acquisition of Latitude.sh, strengthening its position as a global leader in Network-as-a-Service. Latitude.sh brings a scalable Compute-as-a-Service platform that delivers automated, high-performance CPU and GPU infrastructure, enabling customers to accelerate and expand workloads seamlessly. The move allows Megaport to extend its capabilities beyond cloud networking into dedicated compute services, positioning the company to meet rising demand in AI training, inference, and traditional compute markets.
Megaport CEO Michael Reid highlighted that integrating Latitude enhances the company’s ability to offer optimised compute “at the click of a button,” supporting both enterprise cloud connectivity and emerging AI workloads. Megaport’s update also arrives alongside its active Share Purchase Plan, available to eligible investors in Australia and New Zealand. The initiative aims to raise up to AU$20 million, with applications open until 4 December 2025 and the allocation of new shares scheduled for 11 December 2025.
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Megaport Completes Latitude.sh Acquisition
Megaport Limited (ASX: MP1) has finalised its acquisition of Latitude.sh, strengthening its position as a global leader in Network-as-a-Service. Latitude.sh brings a scalable Compute-as-a-Service platform that delivers automated, high-performance CPU and GPU infrastructure, enabling customers to accelerate and expand workloads seamlessly. The move allows Megaport to extend its capabilities beyond cloud networking into dedicated compute services, positioning the company to meet rising demand in AI training, inference, and traditional compute markets.
Megaport CEO Michael Reid highlighted that integrating Latitude enhances the company’s ability to offer optimised compute “at the click of a button,” supporting both enterprise cloud connectivity and emerging AI workloads. Megaport’s update also arrives alongside its active Share Purchase Plan, available to eligible investors in Australia and New Zealand. The initiative aims to raise up to AU$20 million, with applications open until 4 December 2025 and the allocation of new shares scheduled for 11 December 2025.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au.au