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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

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