Wednesday, 23 September 2020 12:29

Investors get behind Linius $5 million capital raising Featured

By

Australian-listed cloud-based IT solutions provider Linius Technologies says it has received firm commitments from professional investors to raise $5 million.

Linius (ASX: LNU) says the placement received strong support from new institutional shareholders as well as continued support from existing shareholders and includes an investment of approximately $210,000 from Linius directors, subject to shareholder approval to be sought at a general meeting of shareholders to be held as soon as practicable.

The Placement will result in the issue of 178,571,429 fully paid ordinary shares at $0.028 per share to raise $5 million, before costs.

Linius will use the placement proceeds to drive revenue growth with a specific focus on converting existing clients and near-term opportunities to immediate and sustainable revenues, and to:

  • assist LiveTiles in selling their Intelligent Meeting Solution, of which Linius is the backbone OEM provider; 
  • continue to develop the AI Meeting Solution, with integrations with Webex and Zoom being planned;
  • and  promote the solution into the global video conferencing market which, with its 100’s of millions of users, represents a significant opportunity for Linius.

free
hit counter

Linius says its entry into the video conferencing and collaboration technologies market, with LiveTiles as an anchor client, is an important factor in its growth, with video conferencing becoming a critical requirement, enabling working from home and business continuity planning strategies. 

“The company believes it has the technology suite in place, with the IP protected by granted patents, to deliver recurring revenue growth,” Linius said in a statement.

“At the same time as the company is focussed on execution of its go to market strategy it does not foresee any material increase in near-term expenditures with any new expenditure having significant revenues as a pre-requisite.”


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Staff Writer

ITWire has a variety of guest journalists and contributors posting on a regular basis. They are used as overflow for big news days and big news weeks.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments