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Nexion Group Ltd. ( (AU:NNG) ) has issued an update.
Nexion Group Ltd has completed the sale of Nexion Networks and Blue Sky Telecom to Pier DC Pty Ltd, allowing the company to concentrate on high-growth opportunities in artificial intelligence and business intelligence through its subsidiary, Fuse Forward Pty Ltd. This strategic move enables Nexion to focus on data center operations, infrastructure management, and the sales and support of its AI-enabled predictive analytics software platform, Fuse Intelligence. The transaction is expected to streamline Nexion’s operations and enhance its market positioning, with recurring revenue from vendor finance receivables and a data center maintenance contract totaling $42,567 per month. Nexion plans to build a new team in Perth to drive sales revenue and seeks ASX approval for its shares to resume trading.
More about Nexion Group Ltd.
NEXION Group Ltd is a leading technology provider specializing in infrastructure performance optimization software and associated management services. The company integrates advanced AI and business intelligence tools to enhance enterprise efficiency and data-driven decision-making.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
See more data about NNG stock on TipRanks’ Stock Analysis page.