Australian tech company K2fly (ASX: K2F) has reported record sales for their mineral resource and land management software delivering $1.67m in revenues for Q2 2020, a rise of 102% on the equivalent FY19 quarter. Key to the significant uptick in sales is the ongoing SaaS fees which ensures annual recurring revenues and the onboarding of
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Australian tech company Enevis (ASX: ENE) has continued an impressive business turnaround which has led to three leading Universities electing to conduct horticulture research using LumiGrow lighting solutions which recently won the Best Lighting Solutions award at the 2019 Canadian Cannabis awards. Having secured exclusive distribution rights from U.S company LumiGrow, orders were placed with
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Food technology company Holista Colltech (ASX: HCT) has filed a patent for platform technology claiming to deliver fat-soluble medications which can be applied to the cannabidiol oil industry, making CBD oils 40 times more potent. If granted, the global patent can be applied to a whole range of molecules to create a water-soluble delivery system
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Telecommunications provider amaysim (ASX: AYS) has strengthened its recurring mobile subscriber base through the acquisition of Jeenee Communications and its 41,700 subscribers. The purchase of the privately-held mobile virtual network operator (MVNO) for total consideration of $7.8 million will take amaysim’s total recurring mobile subscriber base to 698,600 total users with Jeenee customers to be
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Technology modeled on Family Zone Cyber Safety (ASX: FZO) is set to reach the Indonesian market, following news that a free monitoring service based on the Australian tech company’s model will be launched by Indonesia’s largest cellular operator, Telkomsel. The technology branded ‘Telkomsel SAFE’, will be a free service which can be installed on a
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Australian payments technology innovator Novatti (ASX: NOV) has secured a significant backing with Australian Fintech Investment Group (AFIG) to invest $1.1m in Novatti’s ambitious disruption plans which will initially target new migrants. The investment will be made directly into Novatti B Holding Company (NBHC) which will be the subsidiary managing the company’s banking services unit,
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