- 31 August 2018 15:39
IXUP's commercialisation process underway
31 August 2018: Secure data and trusted collaboration company IXUP Limited (IXUP or the Company) (ASX: IXU) is pleased to announce its preliminary final results for the full year ended 30 June 2018.
Since listing on the ASX in November 2017, the Company has focused on building out its team, developing its technology platform and defining its brand. IXUP has now successfully started the commercialisation process and progress is in line with management expectations.
• Commercialisation progressing in line with management expectations
o Licensing agreement with Finity starts to monetise
o Piloting agreement signed with Equifax Australia
• Key management appointments including
o David Bonham as CFO and COO
o Anthony Turco as Head of Product
• Release of IXUP’s latest cloud-deployed secure data collaboration platform
• Several non-binding MoUs agreed with partners and potential clients
• Completion of the IPO raising $12.6 million (before costs)
IXUP Chairman and Acting CEO Tim Ebbeck said: “The Board is pleased with the progress of IXUP to date. The team is working hard to educate the market about the benefits of the IXUP data collaboration platform and corporate and partner interest is high. Given the support of regulatory tail winds, we expect the Company to enter into a period of rapid activity during financial year 2019.”
IXUP Chief Operating and Financial Officer David Bonham said: “IXUP’s unique technology addresses a gap in the market – the ability to derive the benefits of data collaboration without exposure to traditional ‘data sharing’ risk. We are confident blue-chip organisations will quickly realise the advantages of IXUP’s disruptive platform as they test and pilot our software.”
To view the Preliminary Final Report, please visit IXUP’s Investor Centre - https://investors.ixup.com//investor-centre/?page=asx-announcements
Sara Musgrave firstname.lastname@example.org 0425 656 019
About IXUP Founded in 2011, IXUP (pronounced 'Eyes Up') developed an innovative software environment providing security of data in trusted data collaborations. The IXUP environment helps organisations collaborate using multiple sources of data and therefore derive deeper insights to inform business strategy and gain competitive advantage. The environment is unique with its patented approach to security and matching which overcome security and technology challenges inherent in data sharing models. IXUP is headquartered in Sydney, Australia.
For more information visit www.ixup.com