Australia's IODM jumps as co expands services to second UK university

Iodm

05/08/2021 03:48

** Shares of IODM Ltd  IOD.AX  surge as much as 17.3% to
A$0.305, their highest since Oct. 22, 2019 
    ** The cloud-based software solutions provider says will
provide its offering to an education client of Western Union
Business Solutions (WUBS) in the UK  urn:newsml:reuters.com:*:nASX5RSDWV
    ** Says rev from offering expected to be between
A$465,000-A$780,000 ($343,402.50-$576,030.00) per annum
    ** Adds that WUBS' existing contract with IOD enables it to
provide the IODM platform to existing and new clients in the
education sector in UK  urn:newsml:reuters.com:*:nASX9M7WMw
    ** Stock posts biggest intraday pct gain since June 30
    ** IOD stock up 62.5% this year, as of last close



($1 = 1.3541 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))