Shares in West Perth-registered cloud and software provider Dropsuite surged 30 per cent after a bid to acquire the company by US SaaS provider NinjaOne.
A handful of Perth-based tech companies have sought to quell speculation of their exposure to prominent tech lender Silicon Valley Bank following its collapse at the weekend.
SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.
Dropsuite has appointed Bruce Tonkin as non-executive director and Zoran Grujic as chief financial officer and joint company secretary. Mark Smith will be stepping down as company secretary.
Perth-based Excalibur Mining Corporation's shares closed over 150 per cent higher on news it was considering an acquisition of Singapore-based tech company Dropmysite for an undisclosed sum.
