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Scout Security Ltd. ( (AU:SCT) ) just unveiled an announcement.
Scout Security Ltd has made significant progress in the September quarter by advancing its strategic merger with Roo Inc, raising A$600k from private investors, and preparing for the lifting of its ASX suspension. The merger with Roo Inc is expected to enhance Scout’s market position and shareholder value through complementary capabilities. Additionally, Scout is in discussions with an Insurtech partner to expand its white label offerings, reflecting its strategy to penetrate adjacent markets with DIY security solutions.
More about Scout Security Ltd.
Scout Security Limited (ASX: SCT) is a white label security-as-a-service platform and product suite that generates recurring revenue for major security, internet service, and telecommunications providers globally. The company offers a simple and affordable DIY approach to home security solutions.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
See more data about SCT stock on TipRanks’ Stock Analysis page.