Azurn launches IPO ahead of ASX listing with $50m market capitalisation

Peter Dinham
Tuesday, 17 March 2009 16:30

IT Industry - Deals

“Through these technologies, Azurn facilitates the efficiency of content distribution, and the marketing and sale of both digital and hard copy content by publishers.

”This exciting educational development has been recognised by many of the world’s major IT providers with Intel, Hughes Communications and Acryn having recently joined forces with Azurn. Azurn has entered into an agreement with Intel Corporation and Acryn to offer an educational collaboration product to schools through the United States and then globally.”

Rao said Azurn had also entered into an agreement to provide Hughes Communications with an education platform to deliver lessons to students in India via their satellite network.
 
“Hughes Communications utilises Azurn’s software to facilitate interactive courses being offered by premier institutes through its satellite network to students across all levels of education, from primary to tertiary. With Azurn’s technology, Hughes Communications plans to expand its program to over 500 cities in India within the next 24 months,” Rao said.

According to Rao, the funds raised through the IPO would be used to fund the ongoing growth, development and implementation of the Azurn Group’s communication and publishing technologies.

“This bodes well towards positioning Azurn to become a market leader in this space and takes further steps on the pathway to sustainable profitability.”