ASX Tech Stocks: Janison Education soars 13pc after inking extended $24 million deal to power Naplan online

Janison Education extends deal to provide the platform powering Naplan online worth up to $24 million
Novatti share price rises 8% after Mark Healy announced as the successor to CEO Peter Cook
Zimi announces production and first shipments of its latest smart device product range Senoa

Janison Education Group (ASX:JAN)

The edtech is up more than 13% today after announcing it has extended its agreement with Education Services Australia (ESA) to provide the platform powering NAPLAN online nationally around Australia.

The new deal has an initial term of three years plus three additional optional years, with a value of more than $24 million for the full six-year term – the largest signed in the company’s history.

NAPLAN online is a computer-based assessment used to measure the literacy and numeracy skills of Aussie students in Years 3, 5, 7, and 9 across all schools nationally.

The platform is used by more than 1 million students annually and is the product of many years of development between ESA, Janison and Microsoft.

Under the terms of the new agreement, JAN will continue to provide ESA with the technology, support and maintenance services required to deliver NAPLAN online.

JAN will also work with ESA ongoing to develop new features and functionality for the platform which are expected to further enhance the capability of the platform and may deliver additional revenue in the form of software development services and performance testing.

“This is also an important milestone in Janison’s history, signing our largest agreement which demonstrates the trust ESA has placed in Janison to deliver high-quality educational technology solutions,” CEO David Caspari said.

“This builds on the strategic opportunities forged this year with Oxford University Press and Cambridge University Press & Assessments looking into FY24 and beyond.”

Novatti (ASX:NOV)

The fintech enabling businesses to pay and be paid has seen its share price rise 8% today after announcing the appointment of Mark Healy to succeed Peter Cook as its CEO effective from June 15, 2023.

NOV said Healy comes to the role with a very detailed understanding of the business, having worked for the company for the last 12 months in the role of executive general manager of payments.

In an announcement the company said Healy has already played a key role in managing several major projects, including the continued investment in NOVs Acquiring business, growing the Issuing business and managing the FY24 budgeting process.

Prior to joining Novatti, he held several key leadership roles in the payment industry, including as the MD of Global Payments Australia, COO at Ezidebit and eWAY and EVP and chief risk officer for the Neovia Financial (now Paysafe) Group.

The company said Healy’s appointment further strengthens NOV’s executive team, following the recent appointment of Dharsh Mendez as CFO.

Together this team will be responsible for delivering NOV’s key objectives, including scaling its future growth engines such as Acquiring and Issuing, executing its cost reduction program, and achieving positive cashflow.

Zimi (ASX:ZMM)

The IoT tech has announced the successful production and first shipments of its latest smart device product range, Senoa.

The shipments mark the start of the commercialisation phase of the Senoa range of Smarter Glass Touch Switches.

ZMM has also expanded its range of Powermesh smart devices with the new E-Door connect smart door controller to begin shipping in July.

The company expects the majority of its $1.6m of back orders of all products to ship throughout the Q1 FY2024 period.

“Despite the revenue disruption posed by the global component shortages, our team has persevered to deliver products to the market after selling most of our stock in FY2022,” CEO Jordan Tentori said.

“The initial response for our new products has also exceeded our expectations, and we are well-positioned to capitalise on the immense opportunities within the ‘smart space’ technology market which continue to grow rapidly.”

The company said once its existing back orders are fulfilled, it has secured components and production pipeline to support more than $3.5m sales revenue for H1 FY24.

Advanced Health Intelligence (ASX:AHI)

The AHI share price pulled back 57% today after popping near 390% yesterday on news it has agreed to issue offshore institutional investor Orca Capital GMBH, 20 million shares at 25 cents/share raising $5 million.

AHI said it will use the net proceeds received from this offering primarily for the company’s current products and business development and marketing, with the remainder of the proceeds to be used for general corporate purposes, including investing in or acquiring companies that are synergistic with or complementary to its technologies and working capital.

The offering represents a 194% increase to the last traded price on June 9, 2023 of 8.5 cents/share.

Evolution Capital Pty Ltd acted as the sole book-running manager for the offering and will receive a 6% cash fee and 2.5 million options at an exercise price of 35 cents to expire two years from the date of issue.

AHI changed its name from Advanced Human Imaging in December 2022. The company has developed and patented a measurement/dimensioning tech enabling users to track and assess their body dimensions using a smartphone.