Company Overview and News
Stop missing out on important events!
8Common (ASX:8CO) has been granted a trading halt by the ASX, with its shares placed in pre-open.
8common Ltd (ASX:8CO) has migrated long-term customer Transport for NSW to its cloud-based expense management platform. The three year contract will provide a positive impact to this financial year's revenues and beyond with a minimum annual recurring revenue increase of 23% for this contract. Expense8 replaces the previous iCMS product that Transport for NSW, together with Sydney Trains, NSW Trains, and RMS, has been a customer of for 16 years.
Software technology group 8common Ltd (ASX:8CO) has completed a small capital raising of $200,016 via placement of shares at $0.18 each. The company is looking to capture a slice of the large travel and expense management market via its software as a service and cloud-based technology. The funding from the placement will accelerate the sales growth and fulfilment capacity of the Expense8 business. Expense8 is a software solution for organisations, providing them with the tools needed for employees to plan and book business trips; and reconcile travel and corporate expenses.