ASX Tech Stocks: Dubber partners with BT for AI conversational intelligence solution

Dubber teams up with UK’s BT for AI conversational intelligence solution
OTW directors have recommended the proposed acquisition by Aussie Broadband
Damstra launches cap raising to grow sales capability and resources in the North American market

Dubber (ASX:DUB)

AI voice intelligence cloud SaaS player Dubber was down 4.4% today, with the company finalising a partnership agreement with BT that will see it embedded as the default recording and conversational intelligence solution in the BT Meetings suite of managed services, spanning solutions based on Microsoft Teams, Zoom and Cisco Webex.

The multi-year partnership agreement will see UK-based BT deliver unified call recording (UCR) to multinational organisations globally, and will provide for an accretive revenue stream for Dubber with additional revenues determined by uptake of the service by BT customers.

Essentially, the Dubber and BT solution helps customers meet their compliance obligations for secure and scalable recording and conversational intelligence, and is provisioned as a scalable software as a service.

UCR enables enterprise-grade recording and replay of any conversation – voice, video, and text.

Enterprises can discover AI-enriched insights enhancing compliance, people, revenue, and customer intelligence by unifying conversations from multiple sources – mobile, unified communications and traditional phones.

Over the Wire Holdings (ASX:OTW)

Telecomms, cloud and IT player Over the Wire was up 5.6% off the back of news Aussie Broadband (ABB) is set to acquire the company.

The scheme implementation deed proposes that ABB will acquire 100% of the share capital in OTW by way of a recommended scheme of arrangement – which has been recommended by OTW directors.

The scheme consideration is $5.75 per OTW share which comprises $5.75 cash, or 1.1500 ABB shares or a combination of cash and ABB shares.

“We admire the Aussie Broadband business’ strong ambitions and proven execution, and we are excited about the compelling customer propositions that OTW and ABB can bring to market together,” OTW chair Stephe Wilks said.

ABB co-founder and Managing Director, Phillip Britt, said the company is a great match to complement ABBs current range of services.

“It’s a high-quality business in a large and growing segment of the Australian telecommunications market,” he said.

Damstra Holdings (ASX:DTC)

Workplace management software company Damstra was unchanged this morning.

The company has launched a fully underwritten $20 million capital raising consisting of a placement at 34c per share to raise around $10m, and a 1 for 6.75 accelerated non-renounceable entitlement offer to raise another $10m at the same price.

Damstra says it will use the funds to support growth in sales capability and resources in the North American market, ensure availability of funds for TIKS deferred consideration payment, and to further invest in development of its Enterprise Protection Platform.

The offer price represents a 15% discount to the last close on 1 December 2021 of $0.40 per share and a 23.7% discount to the 5-day VWAP for the period ending on 1 December 2021, of $0.4454 per share.

Both the placement and the entitlement offer are underwritten by Shaw and Partners Limited.

Vection Technologies (ASX:VR1)

Real time tech player Vection was down 9.3% in early morning trade today, with the company announcing its FY22 TCV growth had outperformed its first half milestone objective to $11 million – up by 120%.

“The achievement and outperformance of our first-half objective, reflects the validity of Vection’s growth strategy to position the company as a global emerging leader in the enterprise metaverse space” managing director Gianmarco Biagi said.

“Following the latest growth funding round, Vection is strategically positioned as a company boasting a high-growth technology suite, a strong M&A focussed war-chest and leading technology focussed institutional investors that validate the company’s market positioning as it accelerates its aggressive global acquisition strategy targeting the XR & metaverse enterprise technology sector.”