• AnteoTech has signed an MOU with Trinseo to combine their products
  • SaaS player ReadyTech says 1H FY23 revenue rose 34.1% to $47.9 million
  • Logistics platform WiseTech Global looks to M&A going forwards

Interesting news out this morning from an interesting company, AnteoTech (ASX:ADO), which is involved in PoC diagnositic testing as well as the lithium ion battery markets – which just also happens where we’re concentrating today.

ADO makes AnteoX which is a powerful additive that reinforces battery binders, helping maximise performance of silicon containing anodes. 

And they’ve just made a deal with specialty material provider Trinseo (NYSE:TSE) for a commercial partnership to combine AnteoX with Trinseo’s VOLTABOND binder technology for use in the battery manufacturing sector.

“Together we have the vision to create an enhanced VOLTABOND range that is seen as the leading latex binder for silicon containing anodes,” ADO CEO and MD David Radford said.

“This partnership provides for a clear path to market upon both parties’ achievement of specific milestones and is the next stage in the development and commercialisation of AnteoX.”


ADO share price today:


Other tech stocks with news today:


SaaS player ReadyTech has announced its 1H FY23 results, with revenue up 34.1% to $47.9 million and subscription and licence revenue of $40.3 million representing 84% of total revenue.

“The integration of IT Vision is continuing at speed with ReadyTech’s growth strategy greatly enhanced by opportunities for cloud upgrades within the customer base and new customer wins,” co-founder and CEO Marc Washbourne said.

“We’re excited by the diverse range of opportunities ahead for ReadyTech leveraging the capability of our talented and dedicated team. 

“Additionally, $9 million across six landmark enterprise deals will underpin a strong 2H, with sizeable new business pipeline opportunities of over $27 million across all segments.” 



The logistics platform says 1H FY23 revenue was up 35% at $378.2 million on 1H FY22.

CargoWise revenue was $289.2 million, up 50% and driven by growth from  existing and new customers including new Large Global Freight Forwarder (LGFF) rollouts.

The company’s interim dividend of $6.60 cents per share (cps) fully franked, was up 39% on 1H FY22 which represented a payout ratio of 20% of underlying NPAT. 

M&A is the name of the game going forwards, with WTC picking up Envase Technologies for US$230 million and Blume Global for US$414 million – two leading North American landside logistics businesses – post-period end. 

“To supplement our organic growth, we use targeted acquisitions to accelerate the development of the CargoWise product and give us further reach in the global logistics ecosystem,” founder and CEO Richard White said.

“We completed two further tuck-in acquisitions in the first half in Bolero and Shipamax, and recently we announced the strategic acquisitions of Envase Technologies and Blume Global, both leading landside logistics businesses, which together extend and strengthen our position in one of our six key development priority areas.” 

FY23 guidance has been updated as a result to revenue of $790 million–$822 million (representing revenue growth of 26%–30%) and EBITDA excluding M&A costs of $380 million–$412 million (representing EBITDA growth of 19%–29%).



The environmental monitoring software player grew its Annual Recurring Revenue (ARR) 16.3% in 1H FY23 to $56.9 million – with the Americas the largest region by revenue with ARR up 22.3% on 1H FY22.

EVS Aviation was the largest product suite by revenue with ARR up 13.7% PCP, and low churn, and EVS Omnis saw ARR growing 17.3% PCP from a 9.6% growth in the number of sites.

“From a regional perspective, our performance in the Americas is particularly pleasing; already our largest region by revenue representing 38% of ARR, the Americas provides the company with a significant market opportunity,” CEO Jason Cooper said. 

“As an Australian technology company, achieving commercial success across a diversified product suite in the US market is tremendously exciting.” 

The company finished the half with $11.9m cash at bank and no debt. 


RDY, WTC, and EVS share prices: