Please confirm your editon.
The Conversation (0)
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
2023 Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
2023 Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
2023 Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Proposed Change Of Company Name
September 10, 2023
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.
DC2:AU
23 November
Adisyn Announces Share Placement to Support Cybersecurity Growth
Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company") is pleased to announce it has received binding commitments to successfully raise $400,000 through a Company led placement (“Placement”).
Highlights:
- Placement will see the Company issue 20,000,000 new fully paid ordinary shares at an issue price of $0.02 per share, representing a nil discount to 15 day VWAP.
- Funds will be used to expand newly formed cybersecurity division, with an increase in sales and marketing efforts as well as the development of new AI powered cybersecurity services.
- Adisyn Cyber has entered into a Memorandum of Understanding (MOU) with Al Nasr Technical Trading Agencies (ATTA Group).
The Placement will see the Company issue 20,000,000 new fully paid ordinary shares at an issue price of $0.02 per share, representing a nil discount to Adisyn’s 15 day VWAP. The Placement has been conducted pursuant to the Company’s existing placement capacity, with strong support from new sophisticated investors, as well as existing shareholders and employees. 7,000,000 shares are to be issued pursuant to ASX Listing Rule 7.1, and 13,000,000 shares are to be issued pursuant to ASX Listing Rule 7.1A.
Funds will be used to expand the Companys newly formed cybersecurity division, Adisyn Cyber, with an increase in sales and marketing efforts as well as the development of a number of new AI
powered cybersecurity services.
The new cybersecurity services being developed are focused on assisting businesses to manage their obligations for the handling of personal data under the new Privacy Legislation Amendment (Enforcement and Other Measures) Act 2022. These services include threat intelligence and
contextual security operations, and an AI powered Personally Identifiable Information (PII) de- identification tool (ASX: 26 October 2023).
Since the completion of the acquisition of Thomas Cyber (ASX: 17 July 2023), the Company has been successfully engaged to perform cybersecurity services for a number of new and existing clients including EMVision Medical Devices (ASX: EMV), Hazer Group (ASX: HZR), The Agency (ASX: AU1) and the Fremantle Football Club.
The Company plans to continue to execute on it’s plan to cross-sell cybersecurity services to existing clients across the Companys other business units, and will focus it’s sales and marketing efforts on the acquisition of new cybersecurity clients.
Furthermore, Adisyn Cyber has entered into a Memorandum of Understanding (MOU) with Al Nasr Technical Trading Agencies (ATTA Group) to explore the supply of IT and Cybersecurity systems in UAE, Saudi Arabia and Oman. ATTA Group is a UAE based corporation in the Oil & Gas industry, specialising in the provision of trading services.
Click here for the full ASX Release
This article includes content from Adisyn, 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.
Keep reading...Show less
11 October
Update on Sale of Modular Assets
DC Two Limited (ASX: DC2) (“DC Two” or the “Company”), a vertically integrated revenue generating data centre, cloud, and software business, refers to the ASX announcement released on 27 February 2023 with regards to the sale agreement for the disposal of its non-core infrastructure assets (“Modular Assets”) to D Comm Infrastructure Pty Ltd (“DComm”).
As announced on 8 June 2023, the agreement achieved satisfaction of buyer’s due diligence but remained subject to the satisfaction of the remaining conditions precedent. As announced on 31 July 2023 the Company provided DComm with continued exclusivity and an extension to the completion date. In exchange for the continued exclusivity and completion date extension the total non-refundable deposit increased from
$20,000 to $100,000, however in accordance with the terms of the agreement, the Company has today provided DComm with notice terminating the sale agreement on the basis that the remaining conditions precedents to completion have not been satisfied in a reasonable timeframe.
Since the announcement on 27 February 2023, the sale agreement was subject to unexpected delays with key suppliers agreeing to novate supply agreements on successful completion of the transaction. During this time a number of customers associated with the Modular Assets, and whose agreements were to be novated across under the terms of the sale agreement, provided notice that they did not intend to renew their agreement with the Company at the end of their agreement expiry.
The Company still considers the Modular Assets as non-core to its strategy. DComm and the Company have agreed to continue discussions for the potential of a new sale agreement if a reasonable timeframe can be met with satisfactory terms as the modular assets remain a large part of their portfolio strategy, however both parties have agreed that the announced transaction will not proceed as it stands, and the current sale agreement to be terminated.
The Company is aware of other unrelated parties interested in acquiring the assets. On termination of the agreement with DComm the Company will be free to actively engage with these parties. Given the revenue contribution from the assets, the Company has determined that, at this stage, it will retain the assets. Moving forward the focus will be firmly on selecting projects with a high internal rate of return (IRR).
The Company will continue to update the market with any material developments, including providing details of any binding transactions which may eventuate.
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.
Keep reading...Show less
12 September
DC Two Announces Plans to Change Name to Adisyn
Australia-based technology company DC Two (ASX:DC2) is proposing to change its name to Adisyn to signify its “people-first approach” to cybersecurity and its shift to solutions-based services, according to an article published in ARN.
The proposed name change will be introduced at DC Two’s shareholder meeting on Oct. 10, the article added.
“Adisyn represents our commitment to being at the forefront of technological innovation. It signifies our dedication to continuous learning, adjusting swiftly to real-world circumstances, and enabling rapid new technologies such as AI adoption, regardless of an organisation's growth stage,” DC Two managing director Blake Burton told ARN.
To read the full article, click here.
Click here to connect with DC Two (ASX:DC2) for an investor presentation.
Keep reading...Show less
31 August
Preliminary Final Report For The Year Ended 30 June 2023
DC Two Limited (ASX: DC2) (“DC Two” or the “Company”) is pleased to present its Preliminary Final Report.
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.
Keep reading...Show less
28 August
Making the Best of Threats: The Market Opportunity in Cybersecurity
Remember when cybercriminals were mostly bored teenagers and independent hackers?
Those days are behind us. Today's threat actors are smarter, more organised and more sophisticated than ever.
In a digital economy defined by trends like distributed work and technologies like artificial intelligence, we're bringing entire industries online, from retail to healthcare and financial services.
There's a lot to love about that. Digitisation has made both our personal and professional lives more convenient and productive. It's unlocked new opportunities, new revenue streams and new industries.
But it's also opened the door for malicious threat actors such as hackers and, in recent history, organised crime and state-sponsored cyber criminals.
According to Cybersecurity Ventures, the global cost of cybercrime could reach US$8 billion in 2023 and US$10.5 trillion in 2025. That's higher than the GDP of most countries. And the problem is only going to get worse.
As technology advances, so do the tools and tactics used in cybercrime. Organisations across the globe will continue to face mounting cybersecurity challenges in an ever-evolving landscape of risks and threats. But where there are challenges, there are always opportunities.
The total addressable market for cybersecurity, according to McKinsey & Company, is roughly US$2 trillion — more than 10 times the vended market. Cybersecurity vendors, digital solutions providers and investors alike would do well to pay attention.
Keep reading...Show less
09 August
FY22 R&D Refund of ~$750K Received
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 approval of its FY22 Research & Development (R&D) tax incentive refund of $749,454.98.
The processing of the claim has now been completed by the Australian Taxation Office with funds received by the Company.
Blake Burton, Managing Director of DC Two, said “This substantial R&D tax incentive refund is representative of the scale of investment which we undertook in the 2022 financial year to advance the technology development within DC Two. These proceeds further strengthen our cash position to focus on the next stage of growth for DC Two moving into the 2024 financial year”.
With the divestment of the Company’s non-core modular assets expected to be completed in September 2023, subject to remaining condition precedents being satisfied (ASX: 31 July 2023), DC Two remains firmly focused on building out a unique technology offering into the broader cloud microservices sector powered by AI.
As part of the new strategy, in 2023 alone the Company has already completed the acquisition of Attained Group (ASX: 4 April 2023), and cyber security expert Thomas Cyber (ASX: 17 July 2023).
AUTHORISATION:
This announcement has been approved for release by the Board of DC Two.
INVESTOR RELATIONS CONTACT DETAILS:
Blake Burton Managing Director DC Two Limited 1300 331 888
investors@dctwo.com.au
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.
Keep reading...Show less
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.