IXU - IXUP Limited

[System]

IXUP is an Australian software company that is redefining the way organisations collaborate on vast amounts of data with its data collaboration and encryption platform. The IXUP Platform enables organisations to collaborate using their own, and other organisations', data to enable actionable insights to be identified and support better business decisions. Data ownership is strictly maintained by the originating organisation while permission settings control data access at all times.

It is anticipated that IXU will list on the ASX during November 2017.

https://www.ixup.com

 

[Garpal Gumnut]

IXU seems to have made a strategic partnership with a US IT and Gaming mob, via a capital raise, and is moving up fast this morning.

It bodes well for other relative Aussie IT minnows such as AR9.

gg

 

[Knobby22]

IXU seems to have made a strategic partnership with a US IT and Gaming mob, via a capital raise, and is moving up fast this morning.

It bodes well for other relative Aussie IT minnows such as AR9.

gg

About IXUP
IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017.

 

[Garpal Gumnut]

About IXUP
IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017.

I put a few kopeks in them recently as I liked the concept of being able to extract encrypted data, modifying it, returning it, without actually unencrypting. I don't understand it all. Forgive me if I'm incorrect but I considered it a game changer.

gg

 

[Dona Ferentes]

While a lengthy commercialisation is fairly typical for a technology company creating a new product, this has been even more complex in IXUP’s case, as we have also had to create and educate customers about the various potential use cases at the same time.

Are we there yet?

Recent changes to our human capital have been meaningful.

New CEO/ MD

&, will Cygnet Capital back IXU further?

 

[Dona Ferentes]

I put a few kopeks in them recently as I liked the concept of being able to extract encrypted data, modifying it, returning it, without actually unencrypting. I don't understand it all. Forgive me if I'm incorrect but I considered it a game changer.

got me on the Hard Stare Watchlist with this one. I like it. The gaming industry would be an admirable choice

strategic collaboration with US-based Tekkorp Capital ... a specialist in the digital global gaming and wagering space....

As "the IXUP Platform enables organisations to collaborate using their own, and other organisations', data to enable actionable insights to be identified and support better business decisions. Data ownership is strictly maintained by the originating organisation while permission settings control data access at all times", it seems fair to think the data for gaming / wagering is both massive and relatively homogenous, and may be well suited for IXU platform to generate meaningful insights for the organisations/ customers.

Challenges (to me)
- IP and core technology has got to be tight. They claim "Minimal competitors and substitutes".
- has to overcome a lack of trust in data sharing
- little ol' Parramatta based minnow, can they get the recognition and entry to the big league?

And one for the chartists: does a GAP have to be filled when it is, as in this case, separated by nearly two weeks (02 - 11 Nov), waiting for an announcement (IXUP Secures Additional Capital to Accelerate Growth and Evolves Leadership) ?

 

[Trav.]

And one for the chartists: does a GAP have to be filled when it is, as in this case, separated by nearly two weeks (02 - 11 Nov), waiting for an announcement

That is an interesting question @Dona Ferentes and I am no expert but one of my favorite sites has some information about gaps which may apply here.

http://thepatternsite.com/gaps.html and this one is interesting as well https://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis

I would classify this gap as a Breakaway gap and would suggest that it does not necessarily have to be filled and you now have a new support level @ 0.075

 

[rnr]

That is an interesting question @Dona Ferentes and I am no expert but one of my favorite sites has some information about gaps which may apply here.

http://thepatternsite.com/gaps.html and this one is interesting as well https://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis

I would classify this gap as a Breakaway gap and would suggest that it does not necessarily have to be filled and you now have a new support level @ 0.075

Hey @Dona Ferentes and @Trav.,

Problem solved without a hassle as you can see by the chart below.....just change the timeframe to weekly and the gap problem no longer exists.

Hopefully a wave-b will form next.

Cheers,
Rob

 

[Dona Ferentes]

Q2 Highlights

 Successful $5.75 million capital raising (before costs), fully underwritten by Cygnet Capital
 Appointment of new Non-Executive Chairman – Julian Babarczy
 Appointment of new Managing Director/CEO – Marcus Gracey
 Strategic Collaboration with Tekkorp Capital to assess opportunities within the international digital gaming and wagering sector
 New initiatives with potential customers/partners utilising IXUP's core data analytics technology being pursued, with a focus on opportunities within the international gaming and wagering sector as well as the international sports marketing and sports sponsorship sectors
 Continued building of the opportunity pipeline for IXUP technology.
 Release of platform update version 4.1 – extending capabilities and features and reducing operating costs.

cup and sorcerer?

 

[Dona Ferentes]

ran up 30% to $0.13 today on a non sensitive Ann, then at 5:37pm came out with a CLARIFICATION that had the big red !

IXU refers to its earlier announcement titled “Collaboration with Tekkorp Capital Delivers Key Opportunity”, wherein it advised that the Company had entered into a data analytics and insights collaboration agreement with DataPOWA Limited.
For completeness, the Company wishes to provide the following additional information in relation to the partnership:
− The agreement with DataPOWA is not exclusive, is for a period of 2 years and each party bears its own costs.
− The Company does not consider that the collaboration agreement with DataPOWA is material to the Company in its own right, although notes that it has potential to deliver future commercial relationships that have potential to be. The companies are currently jointly pursuing data analytics and marketing initiatives which are remain incomplete and uncertain in outcome.
− There are no material conditions that need to be satisfied before the partners become legally bound to proceed with the terms of the commercial agreements which are anticipated to be delivered as a result of the DataPOWA collaboration.
− There is no other material information relevant to assessing the impact of the commercial agreements on the price or value of the Company’s securities.

and maybe some retracement tomorrow. IXU looking more and more like niche player that will "pursue data analytics and marketing opportunities within the international sports marketing and sports sponsorship sector ".

 

[Dona Ferentes]

I put a few kopeks in them recently as I liked the concept of being able to extract encrypted data, modifying it, returning it, without actually unencrypting. I don't understand it all. Forgive me if I'm incorrect but I considered it a game changer.

and IXU in a Trading Halt, pending an announcement in relation to a material acquisition.

Like you, gg, the concept is good ... and there was a 'buying during weakness' opportunity mid April when shares briefly went as low as 10c; now 18.5c.

But as a game changer, it became more of a tilt, a change towards gaming. Which this acquisition may well take it further in that direction. And more thirst for capital down the track?

 

[Dona Ferentes]

and IXU in a Trading Halt, pending an announcement in relation to a material acquisition.

and that was for DATAPOWA., outlaying some $12M for the UK-based sports technology company,


today, cleaning up some loose ends

ASX-listed data sharing firm IXUP has bought its failed competitor Data Republic for a knock-down price of $3 million, after the start-up part-owned by three of the major banks’ venture arms collapsed in May. Westpac’s Reinventure Group, ANZ Bank and NAB Ventures were all shareholders of Data Republic, which spent nearly $50 million over seven years building a platform for companies to securely share data.

But it fell over when a trade sale could not be completed in early May, after it was unable to convince existing shareholders to put more capital into the business in March.

IXUP said it was confident that “with a new and reinvigorated commercialisation strategy and in combination with IXUP’s aggressive growth plan, [Data Republic] will demonstrate significant value”. IXUP said it will offer the technology to the global sports sponsorship and sports data markets, where it has a strategic focus.

 

[Dona Ferentes]

And 2 years on, what ix up? ....from Livewire Markets:

Ixup Limited (ASX: IXU)​

IXU shares increased 35.9% in June as the company completed the purchase of intellectual property and associated government contracts of Big Village Australia. The BVA assets are expected to contribute ~$5 million to IXU’s group revenue in addition to being cashflow accretive.

IXU is now Australia’s leading provider of responsible gaming and wagering protection technology solutions. IXU provides the next generation of data security using a methodology called homomorphic encryption, enabling both analytics and data security at the same time. This allows for a number of features including co-marketing, which allows for consumer data to be protected, while at the same time providing important insights for various use cases.

The company also completed a $3 million convertible note offering. The convertible notes will have a term of 24 months with an interest rate of 15%p.a. (paid quarterly) and a conversion price of 6 cents. If the noteholder converts in the first 12 months, noteholders will receive an option on a 1:2 basis with a strike price of $0.10, expiring 3 February 2025. The funds will be used for working capital for the BVA acquisition as well as other business operations.

Given the company generated revenue of A$72,000 in the March quarter, bringing revenue for the first three quarters in FY23 to $600,000, the acquisition of the BVA assets is significant. Considering the current run rate, the addition of the BVA assets would translate into FY24 revenue ~$5.8 million. The company currently remains cash flow negative with operating cash outflow of $7.8 million during the first three quarters of FY23.