SYDNEY – Australian investigative analytics software maker Nuix Ltd (NXL.AX) said on Wednesday it has agreed to acquire French graph intelligence firm Linkurious for a maximum enterprise value of €20 million ($35.4 million), aiming to bolster its data visualisation and artificial intelligence capabilities.
The acquisition of Linkurious, a Paris-based provider of a graph-powered AI decision platform founded in 2013, will integrate its technology for visually exploring and investigating linked data patterns into Nuix’s Neo platform. The two companies are already technology partners.
Linkurious serves customers across North America, Europe and Asia-Pacific, with an annualised contract value of about €7 million as of June 2025. It was profitable on an EBITDA basis and generated positive operating cash flow for the full year 2024, Nuix said.
“The injection of graph-native expertise, proven link analysis technology and quality customers will allow us to bring immediate value to our customers,” said Nuix Interim CEO John Ruthven.
The deal is structured with €12.5 million in upfront cash, €2.5 million in Nuix shares held in escrow for 12 months, and up to €5 million in contingent earn-outs tied to revenue growth and cross-selling synergies over 24 months.
Nuix will fund the upfront cash consideration, estimated at up to A$30 million, through a combination of debt and existing cash reserves. The company has upsized its existing debt facility to A$50 million.
The transaction is expected to close in the first quarter of 2026, pending regulatory approvals including foreign direct investment clearance in France.
Nuix shares were up 1.2% in afternoon trading on the Australian Securities Exchange.