An update from TZ Limited ( (AU:TZL) ) is now available.
TZ Limited has successfully raised $1.15 million through a strategic placement at an 11.94% premium, involving new strategic investors and support from existing shareholder SH Hiscock. The funds will be used to hire additional staff for the company’s data center business and the impending Keyvision acquisition. This financial move positions TZ Limited to capitalize on the rapidly expanding global data center market, expected to surpass USD 400 billion by 2027, due to increasing demands for secure and scalable infrastructure driven by AI, cloud computing, and geopolitical factors.
More about TZ Limited
TZ Limited operates in the data center industry, offering advanced security and access control technologies. The company is focused on leveraging its strong industry relationships and growing demand for secure data center solutions to expand its market presence. TZ Limited collaborates with key players like NEXTDC, Macquarie Telecom, and Fujitsu, and is engaged in a trial with Microsoft.
YTD Price Performance: 8.33%
Average Trading Volume: 106,447
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$18.04M
See more data about TZL stock on TipRanks’ Stock Analysis page.