Perth-founded cybersecurity and school monitoring software company Qoria is in takeover talks with a US-based tech firm, with the total offer set to exceed $3 billion.
McCusker Holdings, the family office of former governor Malcolm McCusker, has sold its stake in WA education and cyber safety firm Qoria for $96 million.
Qoria's innovative integration of AI products for child cyber safety has resulted in a 30 per cent growth in annual recurring revenue in the US and Oceanic markets.
Edtech company Qoria grew revenue by 21 per cent in FY24 to achieve its first ever positive earnings before tax, interest, depreciation and amortisation.
Perth-founded edtech company Qoria has posted strong growth in its quarterly financials, including a record $10 million growth in revenue from its K12 segment.
Family Zone, a cyber security technology specialist based in West Perth, is set to purchase a classroom management business using proceeds from an equity raising.
Family Zone Cyber Safety has made two major announcements this morning ahead of its planned US expansion, securing $10 million in funding and appointing a former Google executive to its board.
Family Zone Cyber Safety says it aims to break even by the end of the year, led by record sales, a restructure of board and senior executive pay, and staff reductions.
Shares in local tech company Family Zone Cyber Safety rose today after the company said it has signed sales agreements with two major telecom providers in India.
Technology companies Syntonic and Family Zone are planning to grow their respective international customer bases after announcing separate $5 million share placements today.
Local tech company Family Zone Cyber Safety has raised $5.2 million from investors to fund growth opportunities in new markets and bolster its balance sheet.
Shares in Perth-based Family Zone Cyber Safety have risen 20 per cent following news it will launch a suite of family-safe online digital products into the Indonesian market.
Technology company Family Zone Cyber Safety has wrapped up its first day of trading on the ASX, after completing an oversubscribed initial public offering to raise $6 million.
