Matt Sullivan

Liberty Resources has completed a $5 million capital raising that marks one of the final steps in its reverse takeover of IT company Cirrus Networks.

Liberty Resources is set to proceed with its move into the IT sector, through the acquisition of Cirrus Networks, after taking the extraordinary step of having a board spill to hasten the removal of two directors.

Fibre-optic network owner Amcom has bought Perth-based IT firm L7 Solutions for $15 million.

This year's Rising Stars awards attracted 52 entries from a wide range of business sectors, all committed to innovation and growth.

As managing director of L7 Solutions Pty Ltd, Matt Sullivan oversees the executive management team of the company and is responsible for the delivery of services.