Health software ISV IBA Health was also promoted to the S&P/ ASX 200, while IT reseller Data#3 and telecoms provider SP Telemedia were both added to the All Ordinaries Index.
Being promoted to a higher tier tends to attract a company a larger share of institutional funds.
Technology stocks have fared comparatively in the financial shakeout better than some of their mining and financial peers.
Demoted companies include Babcock and Brown, Centro and Coca-Cola Amatil.
.png&h=140&w=231&c=1&s=0)
.jpg&h=140&w=231&c=1&s=0)
.jpg&h=140&w=231&c=1&s=0)
iTnews Resilience, Rewired Breakfast
RIMPA Live Convention 2026
What’s Next?
iTnews Benchmark Security Awards 2026
iTnews State of Security Breakfast Sydney
.jpg&h=271&w=480&c=1&s=1)
.jpg&h=140&w=231&c=1&s=0)
.jpg&h=140&w=231&c=1&s=0)
.png&h=140&w=231&c=1&s=0)
