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ASX Tech Stocks: PlaySide partners with One True King to tap its 21 million global followers
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- PlaySide and OTK partner up to co-develop a multiplayer PC based title
- Wholesale energy trading market software player Energy One acquires Egssis
- Whispir appoints US executive to grow North American business
PlaySide Studios (ASX:PLY)
Video game developer Playside was up 4.2% today, with the company announcing a strategic partnership with US-based influencer network, gaming and production organisation One True King (OTK).
The partnership agreement is in the form of a co-development contract for a new multiplayer PC based title with a planned release date in Q2 FY23.
The contract will be a fixed-price, milestone-based development with a material revenue share model post launch.
PlaySide will be responsible for all development services including design, production, programming, user interface and experience, and publishing and OTK will market the title to its large and rapidly growing global audience via its various social platforms.
“We are excited to collaborate with reputable gaming influencer organisation OTK which consists of some of the biggest streamers in the world and has a total reach of over 21 million followers worldwide,” PlaySide CEO Gerry Sakkas said.
“We are continually working to expand our presence within the industry via unique partnerships.”
“This co- development opportunity with OTK – our third since listing – allows us to further leverage the PlaySide brand and reinforces our position as Australia’s leading publicly listed gaming developer.”
Energy One (ASX:EOL)
Wholesale energy trading market software player Energy One was up 3.3% in early morning trade today.
The company has just completed the acquisition of Belgium-based Egssis NV for €4.25million (approximately AU$6.63 million) in both cash and equity.
The company says that Egssis will expand its SaaS and services offerings in Europe, with a product set that enhances EOL’s existing European businesses Contigo Software and eZ-nergy.
And it will strengthen the company’s ability to provide services on a 24*7 basis – which is becoming increasingly important in a market moving to smaller renewable energy based generators.
In the year ending 30 June 2023 – the first full year following integration – EOL expects Egssis to produce revenue of AU$5.8 million and EBITDA of AU$0.9 million.
Whispir (ASX:WSP)
Down 1% today was SaaS communications workflow platform Whispir.
The company has appointed its second US-based non-executive director, tech executive Scott Tong, who will help drive Whispir’s North American growth plans.
CEO Jeromy Wells added Tong’s entrepreneurial attitude will contribute to accelerating Whispir’s go-to-market velocity.
“His global expertise will be valuable as we increase the attractiveness of our product suite, and diversify channel partners to acquire new customers globally,” he said.
Chief people officer Chris Regan has also been promoted to the executive leadership team
Titomic (ASX:TTT)
Down 2.1% early morning trade today is additive manufacturing tech player Titomic, who announced it had acquired leading European cold spray technology company Dycomet Europe B.V for €1.3 million plus 1.5 million ordinary shares in Titomic.
Dycomet is a Netherlands-based company offering low and medium pressure cold spray technology solutions and will provide Titomic’s European customers with local support and capability – with Dycomet’s founder and chief executive, Klaas Rozema stepping into the new role of general manager of Titomic Europe.
Plus, with clients including household brands such as Rolls-Royce, Mercedes, Airbus, Siemens, VW, Dycomet is well aligned with Titomic’s strategic approach targeting aviation and automotive markets.
Codan Limited (ASX:CDA)
Down 2.1% today was communications tech company Codan, who’s subsidiary Domo Tactical Communications (DTC) has acquired 100% of the shares in UK-based company, Broadcast Wireless Systems Limited (BWS) – for an upfront payment of $3.7 million, with the possibility of an additional payment of up to $4.8 million if certain earn-out targets are achieved over 3 years.
Essentially, the acquisition broadens DTC’s technology offering and enables access to the growing remote broadcast industry more quickly than developing this technology internally, with BWS’ technology portfolio consisting of primarily of wireless video camera links and a newly developed range of high-quality video broadcast products.
According to DTC president Paul Sangster, the quest for improved production quality, cost efficiencies and the challenges caused by the pandemic are “fuelling the transition of broadcasters to adopt remote production capabilities and the combined offering of DTC and BWS will enable this.”
“DTC’s customers will now be offered a low-latency, high performance solution which has been validated in critical and challenging operations such as the opening ceremony for the Olympic Games in Japan and some of the world’s most prestigious and demanding motor racing events,” he said.
