Tim Levy

Shares in local tech company Family Zone Cyber Safety rose today after the company said it has signed sales agreements with two major telecom providers in India.

Tech company Family Zone Cyber Safety has raised $5 million via an equity investment from UK-based advisory firm Tellus Matrix.

Family Zone Cyber Safety says it aims to break even by the end of the year, led by record sales, a restructure of board and senior executive pay, and staff reductions.

Family Zone Cyber has raised $5.5 million in a share placement to support further growth and support its expansion in the United States.

Family Zone Cyber Safety has made two major announcements this morning ahead of its planned US expansion, securing $10 million in funding and appointing a former Google executive to its board.

Family Zone, a cyber security technology specialist based in West Perth, is set to purchase a classroom management business using proceeds from an equity raising.

Family Zone has launched a $146 million capital raising to fund its acquisition of UK-based digital safety company Smoothwall.

Perth-based tech operations have been busy targeting international expansion opportunities.

Limitless WA: Acquisitions helped Family Zone expand from a $6 million IPO in 2016 to a market capitalisation now of about $430 million.

Local tech enterprise Family Zone is chasing $42 million to acquire a fellow parental control and digital wellbeing business based in Barcelona.

Perth-founded edtech company Qoria has posted strong growth in its quarterly financials, including a record $10 million growth in revenue from its K12 segment.

Edtech company Qoria grew revenue by 21 per cent in FY24 to achieve its first ever positive earnings before tax, interest, depreciation and amortisation.

Perth edtech company Qoria is set to acquire data analytics business OctopusBI while completing a $30 million capital raising to fund the takeover.

Qoria's innovative integration of AI products for child cyber safety has resulted in a 30 per cent growth in annual recurring revenue in the US and Oceanic markets.