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Vault Intelligence 'accelerating growth opportunities' after oversubscribed placement

Vault Intelligence (ASX:VLT) chief executive Dave Moylan updates Proactive Investors on the safety technology company's just-announced $5 million cash raise, as well as the roll-out of the solo-worker app product 'Vault Solo' on the new Samsung Galaxy Watch - which the money will fund.

Moylan says, "demand has been through the roof, and the capital raise is certainly going to assist us now to really get behind some of those areas that we'd love to expand on; in terms of capability, but also to accelerate our growth and our penetration in the marketplace."

Quick facts: Vault Intelligence Ltd

Price: 0.16 AUD

ASX:VLT
Market: ASX
Market Cap: $20.48 m
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Vault Intelligence 'buoyant' with record quarterly results and advanced...

Vault Intelligence Ltd (ASX:VLT) chief executive officer David Moylan updates Proactive Investors on the software company's record quarterly results.   Contracted annualised recurring revenue (CARR) growth was $542,000 for the March quarter, lifting total CARR to $4.77...

on 24/4/19

2 min read