Sign up Australia
Proactive Investors - Run By Investors For Investors

Dubber Corporation bags $7M to expand its U.S., Europe operations

The placement was strongly supported by existing shareholders.
A woman holding a phone
Dubber provides a native cloud call recording platform

Dubber Corporation Ltd (ASX:DUB) has successfully raised $7 million via an oversubscribed share placement, at $0.35 per share.

The funds raised will be used to expand Dubber’s operations, particularly in the U.S. and Europe, where the company is witnessing a strong growth for its services.

Dubber provides a native cloud platform incorporating call recording and additional voice data services that enable customers to extract untapped value from recordings.

The placement has been strongly supported by existing shareholders along with institutions and industry related investors who are new to the company’s register.

Dubber’s newest product offering is known as Dubber Connect, which is directly targeted and supplied to end users.

Dubber Connect takes Dubber’s cloud recording and data capture platform and delivers it as a Software as a Service (SaaS) package directly to the end user.

The company recently entered into an agreement with AT&T, one of the world’s largest telecommunications providers.

In July, Dubber signed an agreement with Macquarie Telecom (ASX:MAQ) for the provision of the company’s cloud call recording platform.

Dubber’s resources will be deployed to support these and other initiatives as it seeks to grow its business globally.

View full DUB profile View Profile

Dubber Corporation Ltd Timeline

Newswire
December 05 2016

Related Articles

1510592057_gas-pipeline.jpg
November 14 2017
In the quarter, the power and electromechanical segment contributed revenues of $16.7 million,
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.
Empty meeting room
March 06 2018
The company's eponymous flagship product is not the only remote meetings enabler out there, but judging by the company's rapid growth, it is one of the best

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use