DC Two (ASX:DC2)

Proposed Change Of Company Name

DC Two Limited (ASX: DC2) (“DC Two” or the “Company”), a vertically integrated revenue generating data centre, cloud, and software business, is pleased to announce the Company’s intention to change its name to Adisyn Ltd and ticker code to AI1, subject to shareholder approval at the upcoming shareholder meeting at 10am on Tuesday, 10 October 2023 (ASX: 8 September 2023).


The Company has worked tirelessly implementing the strategy for the next stage of growth (ASX: 31 October 2022) which is being undertaken by the board and new management team, and during 2023 has successfully:

  • Began a full restructure of it’s offerings from being a provider of solely data centre and cloud services, to leveraging its existing assets with a focus on offering generative AI driven solutions powered by microservices. The generative AI market is predicted to increase from ~US$39B in 2022 to ~US$1.3T by 2032, growing at a CAGR of 42%1.
  • Reduced fixed costs in the business by over $500,000 per year with an additional $300,000 in savings to be implemented in the FY24 year (ASX: 31 July 2023)
  • Completed the acquisition of Attained Group which allows the Company to cover several additional technology layers (ASX: 4 April 2023)
  • Completed the acquisition of Thomas Cyber and set up a new Cyber division within the Company (ASX: 17 July 2023)
  • Announced the disposal of the Company’s non-core assets, expected to be completed in September 2023, subject to remaining conditions precedent being satisfied (ASX: 31 July 2023)

The proposed new Company name and ticker code is reflective of the growing revenue contribution from cyber security and other solution based services.

AUTHORISATION:

This announcement has been approved for release by the Board of DC Two.


Click here for the full ASX Release

This article includes content from DC Two, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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