Perth-based tech company Velpic has struck a deal to sell its primary business to Damstra Technology for about $3.8 million, weeks after most of its staff were made redundant.
The state's businesses leaders are optimistic about improved conditions in the year ahead, according to feedback from the annual Business News chief executive survey, with tax reform identified as a priority issue whichever party is in government after the March poll.
Safety and security companies featured heavily in Techboard's top trending startups this past fortnight, with five out of the top ten companies representing the category.
Techboard has named Velpic as its top trending company this fortnight, with the eLearning platform undertaking a capital raising and signing its first sporting and hospitality client.
Tax reductions earned plaudits from the business community, with the budget's cuts in both tax company and income tax burdens likely to inspire confidence, particularly in Western Australia.
Perth-founded stock investing platform Simply Wall St has been ranked as Techboard's top startup for the past fortnight, making it the first ever company to have topped the ranking twice after having previously topped the list in December last year.
Perth technology company Velpic has enjoyed a strong debut on the ASX today, with its shares jumping 188 per cent above the pricing of its recent $4 million capital raising.
A local exploration company led by Perth Glory owner Tony Sage is looking to join the wave of backdoor listings and become a gambling platforms provider, while technology company Velpic's reverse takeover of International Coal has reached another milestone.
Boutique Subiaco-based technology company Velpic has signed a $5.2 million deal to finance international growth plans, as part of a reverse takeover by east coast-based International Coal.
The increasing demand for digital and mobile expertise in branding strategies has prompted Chameleon Creative and Reignite to formalise a six-year long relationship.
