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TZ Limited ( (AU:TZL) ) just unveiled an update.
TZ Limited has announced the acquisition of Keyvision Holdings Pty Ltd, aimed at enhancing its SaaS offerings and recurring revenue streams. Despite challenges in the US market due to tariff-related supply chain issues, the company is optimistic about recovering in the next quarter, supported by a strong sales pipeline and continued growth in recurring revenue. The acquisition was funded by a $4 million debt facility, which also facilitated partial repayment of existing debt. The company expects a stronger performance in the final quarter of FY25 and into FY26, driven by increased demand for its security products and successful project wins through Keyvision.
More about TZ Limited
TZ Limited operates in the technology sector, focusing on SaaS and security solutions. The company is known for its DC Cabinet Security products and has a growing market presence in data center expansion and property development sectors.
YTD Price Performance: 5.00%
Average Trading Volume: 146,976
Technical Sentiment Signal: Sell
Current Market Cap: A$17.68M
See more insights into TZL stock on TipRanks’ Stock Analysis page.