Cyber safety platform Family Zone Cyber Safety (ASX:FZO) led ASX tech stocks today, up 12.5% on news it had completed a fully-underwritten $114.1 million share placement.

The placement formed part of the company’s recently announced $146m capital raising, which also included an institutional entitlement offer.

FZO will use the funds to acquire Smoothwall – the UK’s leading provider of K-12 digital safety solutions who service more than 12,400 schools and 6 million students — around 38% of the market.

Smoothwall’s Monitor product is a key driver of growth and services the rapidly growing market for data, analytics and monitoring (a market recently buoyed by regulatory mandates in the UK).

FZO generates about A$30 million of annual recurring revenue and delivered pro forma unaudited EBITDA of ~ A$7.0 million for the financial year ended March 2021.

Family Zone is confident the acquisition will create a global K-12 digital safety solution, incorporating its fast growing Linewize K-12 solutions, parental controls and Smoothwall’s scale and world-leading solutions.

Other ASX tech stocks with news out today

BluGlass Limited (ASX:BLG) +10.34%

The Australian semiconductor developer announced today it has successfully demonstrated working tunnel junction laser diodes in a world-first proof-of-concept using its proprietary remote plasma chemical vapour deposition (RPCVD) technology.

The RPCVD laser diode designs can essentially address the critical performance requirements for high value gallium nitride (GaN) laser diode applications.

The next steps are to optimise the design, epitaxy and fabrication to maximise laser performance.

Vection Technologies (ASX:VR1) +6.67%

The software company was up after announcing that its added an additional $2.2 million in FY22 total contract value (TCV) across the defence, military and law enforcement, sports and betting, media and communication and healthcare and pharma sectors.

Key solutions and services include XR products subscriptions and recurring maintenance fees, solutions for law enforcement to support investigative activities for civil and military dual use, and integrated hardware and software solutions for Covid19 safety and integrated AI applications.

Smart Parking (ASX:SPZ) +2.27%

Smart parking jumped 2.27% today after announcing its acquired Enterprise Parking Solutions which manages 68 parking sites across the UK using license plate recognition technology to provide enforcement services.

“[The acquisition] allows the company to build scale and accelerate towards our growth target of 1,000 UK sites by June 2023,” CEO Paul Gillespie said.

Dicker Data (ASX:DDR) +0.64%

Edging higher by 0.64% today was technology hardware, software and cloud distributor Dicker Data, after news it has acquired the second largest IT distributor in the New Zealand – Exceed Group.

The company estimates revenue of over $500m for the combined entities.

HSC Technology Group (ASX:HSC) unchanged

The company’s share price was unchanged today despite signing a national reseller agreement with Tunstall Healthcare.

The agreement will see the company’s data analytics platform TALIUS platform and products made accessible to all Tunstall Healthcare clients (which are primarily aged care providers in retirement living and home/community care).

Elmo Software (ASX:ELO) -3.90%

The company dropped today despite reporting annualised recurring revenue (ARR) of $83.8 million (up 52.1% on the previous corresponding period) for FY21.

Elmo also reported that revenue increased 38.1% to $69.1 million – over 96% of which was subscription based.