All in Technology

Vault Intelligence - record quarter for risk and safety software provider

Risk, compliance and safety software provider Vault Intelligence (ASX: VLT) enjoyed record enterprise contract signings and contracted revenue in the June quarter, enabling it to report unaudited recurring revenue growth of 58% year on year. During the quarter Vault secured 20 new customer contracts, including with Restaurant Brands and New Zealand Post, for a combined $1.3m in licencing revenue alone over the initial three-year term of the contracts.  

Stargroup - Indue Transaction Successfully Executed, Scale Of Assets Upwardly Revised

Financial Technology and ATM company Stargroup Limited has successfully executed the Indue Limited acquisition on 5 May 2017. The Company is also pleased to advise that there has been a >30% increase in scale of assets acquired with 2,414 ATMs under management by Indue (previously 1,700) and about 16 million transactions processed per year (previously ~12 million). The vertical integration of the Indue ATM Businesses will also see key operating costs reduce by a further 15% and Stargroup expects to positively revise FY18 forward estimates.

Stargroup - Indue ATM Business Acquisition and Funding Update

Stargroup Limited (ASX: STL) has extended the completion date of the acquisition of the Indue Limited ATM switching, settlement, processing, telecommunications and reseller business. The sale contract became unconditional on 30 December 2016, with the previously extended completion date of 24 January 2017 now being set on or before 13 March 2017. This is as a result of funding not yet being available from Stargroup’s approved $15 million debt instrument. Stargroup remains committed to completing this transaction.

Transaction Solutions International and Novatti signs cooperation agreement regarding e-payments to Indian market

Transaction Solutions International Limited (ASX: TSN) has entered into a memorandum of understanding with a subsidiary of Novatti Group Limited with a view to negotiating a formal agreement for the development of a range of innovative mobile and online payment services designed specifically for the burgeoning Indian market. The concept is to provide Indian consumers with an extended range of electronic payment products at a time when India’s growing banking system needs rapid modernisation. 

migme Quarterly Operations Report

migme (ASX:MIG) reported Monthly Active Users of 33 million at the end of December, up by more than 2m than expected. Part of the increase was due to a campaign with an Indonesian soap opera that delivered over 5m new users. The Company is restructuring its business, reducing costs and streamlining apps as it looks to ramp up the roll-out in 2017. The Company believes that it is on track to be cashflow positive in 2017.

Stargroup - Indue acquisition and funding update

Stargroup Limited (ASX: STL) has executed all agreements to complete the acquisition of peer ATM & FinTech company Indue Limited on an unconditional basis. Stargroup Executive Chairman Todd Zani met with a number of the group's new customers and has completed exhaustive planning to ensure a smooth transition of services. He said Stargroup had also secured a $15M debt facility from a Sydney-based credit fund to enable this acquisition and further M&A transactions without issuing new capital. 

12th Record Quarter of Revenue Already Achieved

Stargroup has already achieved a record quarter of revenue, ahead of the close of the December quarter, the 12th record period in a row. Revenues in the months of October and November outstripped total revenue for the previous quarter. Stargroup Executive Chairman Todd Zani said the next quarter was also tracking towards a further record based on the Company's current contracted revenues in place and the opportunities presented by the vertical integration of the recently aquired Indue business.