Objective Corporation Ltd (ASX: OCL) experienced a notable rise in its share price on Tuesday morning, with shares climbing 3.5% to $19.83. This surge follows the company’s announcement of its acquisition of Isovist, a specialist provider of e-planning software for local governments.
The acquisition marks a significant expansion for Objective Corporation, as Isovist’s software transforms traditional planning processes from static, document-based methods into dynamic digital solutions. Developed by planners for planners, Isovist’s platform is designed to streamline and simplify the planning process, making it more accessible and efficient for councils, property owners, and developers.
Strategic Expansion in Planning & Building
Isovist’s e-planning products are already in use by over 50 councils across Australia and New Zealand, demonstrating a strong product-market fit with high customer retention. As of June 30, 2025, Isovist reported an annual recurring revenue (ARR) of NZ$2.2 million and has been profitable since 2022. The acquisition, valued at an enterprise worth of NZ$5 million, includes an upfront payment of NZ$4.25 million and a deferred payment of NZ$0.75 million over two years, all payable in cash.
Objective Corporation’s CEO, Tony Walls, expressed enthusiasm about the acquisition, emphasizing its strategic alignment with the company’s goals in the Planning & Building sector. He stated:
“This acquisition is a strategic extension of our capabilities in Planning & Building for local government. Isovist brings not only a complementary product suite to Objective, but also shared values of delivering specialised planning solutions to local government that help communities grow and thrive. We have maintained a disciplined approach to M&A and that will continue. Isovist have a strong product, a profitable business model, and clear alignment to our long-term vision. We’re pleased to welcome the whole Isovist team to the Objective family and look forward to what we can achieve together.”
Implications for the Tech Sector
The acquisition of Isovist by Objective Corporation is indicative of a broader trend in the tech sector towards digital transformation and integration of specialized solutions. By acquiring Isovist, Objective not only enhances its product offerings but also strengthens its position in the competitive Planning & Building market. The move is expected to create synergies that could lead to further innovation and improved service delivery for local governments.
Moreover, the acquisition highlights the growing importance of e-planning solutions in modernizing government operations, a trend that is likely to continue as more councils seek efficient and effective ways to manage planning processes. The integration of Isovist’s technology is expected to provide Objective with a competitive edge, enabling it to offer a more comprehensive suite of services to its clients.
Looking Ahead
With the acquisition of Isovist, Objective Corporation is poised to further capitalize on the growing demand for digital planning solutions. The company’s strategic focus on expanding its capabilities in the Planning & Building sector aligns with broader industry trends towards digital transformation and innovation. As Objective continues to integrate Isovist’s technology and expertise, it is well-positioned to enhance its market presence and drive future growth.
Following the acquisition announcement, Objective Corporation’s shares have seen a significant increase, now up almost 70% since the same time last year. This upward trend reflects investor confidence in the company’s strategic direction and its potential to deliver long-term value.
As the tech sector continues to evolve, Objective Corporation’s acquisition of Isovist serves as a reminder of the importance of strategic partnerships and acquisitions in driving innovation and growth. With a strong foundation and a clear vision for the future, Objective is well-equipped to navigate the challenges and opportunities that lie ahead.
