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Dubber Corporation shares fly on Big 4 bank deal

Last updated: 15:00 03 Nov 2015 AEDT, First published: 14:00 03 Nov 2015 AEDT

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Shares in cloud-based software company Dubber Corporation (ASX:DUB) were up as much as 29% today after the company confirmed it had engaged one of Australia’s Big 4 banks as a client.

Dubber shares were last trading 25.4% up at A$0.37, which represents a 34.5% improvement since the end of July.

The company, which offers the world’s most scalable call recording service, operates in telecommunications services and the enterprise sector.

Its latest engagement to provide a tailored solution to a major bank follows a comprehensive due diligence period and tender process concluded in mid-October which assessed candidates on the basis functionality and cost effectiveness.

“The project demonstrates Dubber's versatility in the enterprise sector, differentiates our offer from competitors and provides many additional potential revenue streams.” Dubber managing director Steve McGovern said.

The project is expected to begin in November 2015.

Dubber also attracted investor attention in September when the company released its platform of call recording and audio asset management technologies into the UK and European markets.

The move potentially represents hundreds of thousands of customer opportunities by way of monthly subscriptions and a unique on-demand capability.

Expansion into this key market builds on a string of recent marketing milestones including the registration of 3,307 paying Australian users of the company’s technology in late August.


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