Australia's Felix Group hits 9-month high as co signs deal with U.S. firm
08/02/2022 02:11
** Shares of procurement management platform operator Felix
Group Holdings FLX.AX climb as much as 9.4% to A$0.350, their
highest since May 11, 2021
** Felix signs https://www.asx.com.au/asxpdf/20220208/pdf/455s24j4b1d9qm.pdf
strategic agreement with U.S.-based InEight Inc, a construction
project management software company, to promote its
complimentary solution to InEight's global customer base
** The two companies will actively pursue joint bids for
some of Australia's largest contractors, leveraging the joint
value proposition of integrated Felix and InEight products
** Under deal, parties will also work together to jointly
pursue new business opportunities in international markets
** Stock up ~1.6% this year, as of last close
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))