According to Dubber (ASX:DUB) it is seeing strong demand for its services in these markets as the same time a number of strategic agreements with tier one service providers reach anticipated full deployment in calendar 2018.
Settlement of the placement - supported by existing shareholders and institutional investors - and issue of new shares is expected around Wednesday, 20 December 2017.
The capital raising will result in the placement of 17,143,572 new fully paid ordinary shares at an issue price of $0.35 per new share - with a further 1,428,572 subject to shareholder approval under the company’s current placement capacity.
“The adoption of cloud based IP telephony is accelerating globally, a pre-requisite of that successful transition ,”Spenceley said.
"Successful transition is cloud based call recording. Dubber’s solution is simply world leading and solves a very real problem for telcos and vendors looking to transition their clients to the cloud. It is exciting to be able to support a home-grown technology business addressing a global market and validated by some of the world’s biggest telcos and telephony vendors.”
Dubber has also announced it will be adding additional staffing and strategic account directors as its cloud call recording and intelligence platform is fully integrated into BroadSoft’s BroadCloud Unified Communications delivery platform.