Sign up Australia
Proactive Investors - Run By Investors For Investors

Family Zone Cyber Safety boosted by $5 million Tellus Matrix investment

The UK-based firm’s involvement recognises Family Zone’s innovative technology aimed at keeping kids safe.
Online security logo
Sir Peter Westmacott has been appointed to the Family Zone board

Family Zone Cyber Safety Ltd's (ASX:FZO) cloud-based security solution has been boosted with a $5 million investment from UK-based strategic advisory firm Tellus Matrix.

In April 2018 Tellus Matrix was to engaged to support Family Zone’s global commercialisation and after extensive due diligence, has agreed to invest and underwrite a placement with their global partners.

This placement is for 10 million shares at 50 cents each.

The deal saw Family Zone’s shares rise 10% to an intra-day high of 52 cents.

READ: Family Zone Cyber Safety to collaborate with Netsweeper

Family Zone managing director Tim Levy said: “We are delighted that Tellus Matrix has agreed to this investment and to support our company moving forward.”

Tellus Matrix is impressed with the social benefits, commercial opportunities and investment potential of Family Zone.

It also believes it can contribute to Family Zone’s global ambitions.

Funds will support service delivery

Funds raised will be used to support investment in Family Zone’s service delivery capability, business development activities, particularly in education and global partnerships, and further strengthen the company’s balance sheet.

The Tellus Matrix mandate is to work exclusively with innovative companies possessing world-changing technology.

Sir Peter Westmacott appointed to board

Family Zone also welcomes to its board distinguished senior British diplomat Sir Peter Westmacott GCMG LVO.

Sir Peter has been British Ambassador to Turkey, France and the USA.

Levy said: “We are also honoured that a gentleman of the calibre, wealth of knowledge and global networks of Sir Peter Westmacott has agreed to join our board.

“This moment marks a turning point for the company as Family Zone transitions to a global focus and attracts strategic investors in the key markets of USA and UK.”

View full FZO profile View Profile

Family Zone Cyber Safety Ltd Timeline

Related Articles

remote meeting
August 15 2018
The acquisition of MeetingZone earlier this year has been called “transformational” by LoopUp bosses
electric vehicle charging
July 04 2018
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester
ROBO Global US CEO Travis Briggs
August 15 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.

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