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The S&P/ASX 200 Information Technology (Sector) Index was trading lower at 1,405.5, moving down 42.4 basis points by 3.02%%, while the S&P/ASX 200 Index was also trading at 6,613.7 (down 0.52%) on 10 September 2019 (AEST 12:39 PM). Letâs take a detailed look at the following Information Technology players from Australiaâs tech industry.
Linius Technologies Limited
Business Snapshot
Australia-based Linius Technologies Limited (ASX: LNU) is an information technology player that has developed a proprietary Video Virtualization Engine⢠(VVE), which is available on Microsoft Azure, IBM Cloud and Amazon Web Services. Video accounts for ~ 80% of internet traffic and tech giants like Microsoft, Amazon and IBM are investing billions in virtualising âvideo servicesâ and AI in the cloud, making it the biggest battle on the internet.
Initially, the company is aiming to commercialise its VVE-powered Video Hyper-Personalization and Search Solution across six key markets including News and Media, Sports Broadcasters and Rights Holders, Education, Security and Defence, Corporate Communications, as well as Sports Betting. Besides, the VVE-powered solution enables users to look up data within any video, through multiple sources, and automatically collates the results in a single stream instantaneously without the need for human intervention.
VVE (Source: Investor Presentation)
Liniusâ Partnership with Racing.com
Recently on 9 September 2019, the company announced to have reached a commercial agreement with Racing.com. Under the agreement, Linius would provide the users of Racing.com with various personalised video content experiences. Moreover, the company would work with important elements of the media and publishing functions. The first version of the product is expected to be launched shortly for the customers. The initial term of the agreement is 12 months with provisions for extension.
Racing.com is a leading Australian thoroughbred horse racing media organisation, and a joint venture between Racing Victoria, Victorian race clubs and the Seven Network.
Linius CEO, Chris Richardson commented on the recent development and explained that horse-betting in Australia alone generates ~ $ 18 billion in annual revenues, and globally, the business is generating over $ 116 billion every year. The company aims to leverage this opportunity and scale its business by replicating its solutions across other betting agencies, betting sites and all other sports worldwide.
FY19 Results
On 30 August 2019, the company disclosed its annual results for the financial year ended 30 June 2019 (FY19), reporting revenue from ordinary activities at $ 164,254, which is an increase of 80.2% over FY18 and the loss for the year after income tax amounted to $ 11,557,874.
Stock Information
Linius Technologiesâ market capitalisation stands at around $ 37.5 million with ~ 1.04 billion shares outstanding. On 10 September 2019 (AEST 12:41 PM), the LNU stock price was trading at $ 0.035, down 2.778% by $ 0.001 from its previous close.
Family Zone Cyber Safety Limited
Business Snapshot
Family Zone Cyber Safety Limited (ASX: FZO) is an IT sector company, playing an important role in ensuring cyber safety and managing digital lifestyles at the backdrop of an increasing demand for keeping kids safe against online threats. The company has developed a peculiar cloud-based platform solution that enables schools, parents and cyber experts to collaborate for effectively monitoring, protecting and educating their children.
Family Zone Partners with JB Hi-Fi
On 9 September 2019, Family Zone Cyber Safety updated the stakeholders about a new exciting and strategic partnership established with Australiaâs leading education technology provider, JB Hi-Fi Solutions.
In Australia, there are more than 10,000 schools and all of them are actively seeking to deploy appropriate technology solutions to build and support their modern learning environments. Besides, the technology needs of the education industry are ever expanding from learning devices, peripherals and networking equipment, to learning and business applications, security and safety services.
JB Hi-Fi has been in the education business for more than 18 years, backed by a solutions team of more than 150 across the country, and over 300 retail stores. It is also one of the leading suppliers of computing equipment for BYOD programmes at schools across Australia.
Through this new partnership, Family Zone and JB Hi-Fi Solutions would together provide the schools in Australia with a comprehensive suite of products and services along with streamlined purchasing, deployment and administration. The key elements of the partnership have been elaborated below-
Source: Company announcement dated 9 September 2019
FY19 Results
For the financial year ended 30 June 2019 (FY19), the company reported an 80% increase in revenue from ordinary activities at $ 4.18 million and through the year, Family Zone continued to develop and refine the commercialisation strategy for its suite of cyber safety products.
Besides, Family Zoneâs consistent investment in R&D initiatives during FY19 resulted in the company receiving government grant income of ~$ 3.83 million, taking the total revenue and other income for FY19 to ~ $ 8.03 million.
Stock Information
With a market capitalisation of around $ 40 million and ~ 205.13 million shares outstanding, the FZO stock was trading at $ 0.190, down 2.564% by $ 0.005 on 10 September 2019 (AEST 12:43 PM). In addition, the FZO stock has delivered positive returns of 56% in the last three months.
Bigtincan Holdings Limited
Business Snapshot
Bigtincan Holdings Limited (ASX: BTH), based in Boston, US, helps the sales and service teams of companies to increase the odds of winning while enhancing customer satisfaction. The company offers a mobile, AI-based sales platform, which empowers reps to engage more effectively with customers and prospects. Some of the clients of Bigtincan include Merck, AT&T and Thermo Fisher.
Source: FY19 Full-Year Results Presentation
New Contract Secured
On 9 September 2019, Bigtincan Holdings announced to have secured a new contract for a retail deployment from a US-based company engaged in retailing shoes, apparel and sports equipment, globally. The total value of the contract is around $ 2.8 million, and the term of the contract is three years.
The Bigtincan® Zunos software platform would be used to develop a modern, personalised and mobile learning and content ecosystem, that would be available to be used by a large number of frontline retail staff within the United States and globally.
Recent Acquisitions
On 5 September 2019, Bigtincan announced to have acquired Asdeq Labs Pty Ltd, an Australian software company established in 2011 with offices in Hobart, Tasmania. The move adds the existing products of Asdeq Labs to the Bigtincan technology stack.
The initial acquisition price is ~$ 490,000 (less debt and subject to a working capital adjustment) and Asdeq is expected to add ~$ 400,000 in sustainable annualised recurring revenue (ARR).
This follows the recently signed asset purchase agreement to acquire the assets of Veelo, Inc, based in Oregon, US, for a consideration comprising USD 1.8 million and the assumption of normal associated liabilities. Veelo's premium sales enablement platform is expected to supplement the sales performance of the clients through appropriately guiding them on what to know, say and do. Moreover, the move is expected to bring in AUD~ 1.1 million in sustainable ARR and the leading technology would complement Bigtincanâs existing product suite.
Stock Information
Bigtincanâs market cap stands at around $ 136.2 million with ~ 261.93 million shares outstanding. On 10 September 2019 (AEST 12:44 PM), the BTH stock was trading at $ 0.525, edging up 0.962% by $ 0.005. Besides, BTH has delivered positive returns of 91.60% YTD, 30.85% in the last six months and 7.22% in the last three months.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
