Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Vault Intelligence has partnered with Samsung and the telco giant, M1
  • The company will provide workplace solutions for M1’s Vault Solo tech
  • Vault Solo can be used on Samsung’s Galaxy Watches
  • Software solutions are increasing in popularity in Singapore due to the country’s Smart Nation Initiative
  • Vault’s share price is up 11.11 per cent today, currently sitting at $0.30 apiece

Vault Intelligence has announced a partnership with Samsung and Singaporean telco giant, M1.

The partnership will entail Vault providing innovative solutions for M1’s Vault Solo program, which is partnered with Samsung for its Galaxy Watch.

Vault Solo is designed for workforce management and provides time-saving and productivity tools for mobile devices.

Creating workplace solutions technology for Singapore is useful due to the country’s Smart Nation Initiative, according to the Chief Operating Officer and Executive Director of Vault, David Rose.

The Smart Nations Initiative is being rolled out in Singapore to enhance the way all people and sectors use technology, especially to power the economy.

According to the company, its risk and safety technology is used by over one million workers internationally.

“M1 is delighted to partner with Vault to provide an innovative solution for customers through our data services and the Vault Solo wearable and platform,” M1 Chief of Corporate Sales and Solutions Officer Willis Sim said.

The Vault Solo will “enhance the safety and productivity of our customer’s workforce,” Willis continued.

The telco giant has committed initially to a five year agreement.

M1, Samsung and Vault will be working together on marketing and public relations efforts.

Vault will be expanding its office space in Singapore due to the agreement.

“We are on target and remain confident of delivering on our FY20 target of a minimum A$10 million CARR [Contracted Annualised Recurring Revenue],” David noted.

Vault’s share price is up 11.11 per cent today, currently sitting at $0.30 apiece, as of AEST 11.17 am.

VLT by the numbers
More From The Market Herald
Bill Identity (ASX:BID) - Incoming CEO, Michele Garra (left)

" Bill Identity (ASX:BID) appoints Michele Garra as new CEO

Bill Identity (BID) has appointed a Telstra and Optus senior executive as its new Chief Executive Officer.
Peppermint Innovation (ASX:PIL) - CEO and Managing Director, Chris Kain

" Peppermint Innovation (ASX:PIL) signs with payment gateway Dragonpay

Peppermint Innovation (PIL) has signed an agreement with one of the Philippines’ largest and most reliable online payment gateway platforms, Dragonpay.
Tesserent (ASX:TNT) - Non Executive Chairman, Geoff Lord

" Tesserent (ASX:TNT) posts ‘strong’ start to FY22

Tesserent (TNT) is reporting a ‘strong’ start to the 2022 financial year, despite a slip in turnover in the September quarter.
Security Matters (ASX:SMX) - CEO, Haggai Alon

" Security Matters (ASX:SMX) increases customer receipts in Q3

Security Matters (SMX) has delivered a recap of its quarterly activities during the three months ending September 30 2021.