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The business-to-business payments and software group combined a capital consolidation, an entitlement offer and a board refresh with a cost programme that management says has removed about A$7 million a year from the cost base.
The board has signalled that a smallerBusinesslies ahead, with continuing operations still expected to be profitable.
The Internet of Things and digital compliance business, which designs both software and custom hardware, has argued that its FY26 accounts understated customer activity because a portion of equipment revenue was deferred into the new financial year.
The company's most recent update, released on 29 October 2026, covered a director appointment and the status of its audit.
The directors have nonetheless flagged a material uncertainty over the company's ability to continue as a going concern.
The technology group describes itself as an AI-native business, combining enterprise software services with its own ventures.
The Melbourne-based SaaS provider is simultaneously winding down its GreenOrbit intranet business, concentrating on library management and knowledge management products that generate steady recurring revenue.
The company designs, manufactures and maintains solar-powered security, surveillance, warning and environmental monitoring systems for government, utilities and construction customers, and reports more than 600 active customers.
The transaction followed a suspension that began in April 2026 after the company proposed a material acquisition. Its shares were reinstated toQuotationon 31 August 2026, the same day the Jenesys deal was announced, and shareholders approved the acquisition at a general meeting on 2 …
The software developer builds voice, messaging and AI-linked services for telecommunications carriers, including the CogVoice voicemail platform and OpenSpan, which connects carrier voice networks to cloud-hosted AI services such as call-fraud protection, transcription and summarisation.
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