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IODM Limited (ASX:IOD)

ALERT: Price-sensitive ASX Announcement for IOD
Current share price for IOD : $0.095 -0.055 (-36.67%)+
Announcement
Release
9 Apr 2026 9:37AM
Price at Release
$0.150
Full Release
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Summary
IODM Limited, in collaboration with TransferMate, has announced a significant software platform deal to offer its Connect platform to a portfolio of 283 US universities. This strategic partnership is set to enhance IODM's presence in the North American higher education sector through a one-to-many implementation approach. The rollout will begin immediately with revenue from this deal anticipated from October 2026. To support this endeavor, IODM has entered into a funding agreement for AUD$1 million, facilitating the required resources for this expansion. The CEO, Mark Reilly, underscores this as a pivotal step in the company's history towards achieving cash flow positivity.
Key Points
  • IODM Limited has secured a deal to provide its Connect platform to 283 US universities through a partnership with TransferMate.
  • The agreement will involve a one-to-many implementation approach rather than individual institutions.
  • The rollout will commence immediately, with a gradual implementation schedule targeting at least five universities a month starting in the financial year 2027.
  • Revenue from this agreement, a result of a strategic relationship with TransferMate, is expected to start in October 2026.
  • IODM has also secured a funding agreement of AUD$1 million with a UK institution to support the necessary resourcing for the rollout.
  • The CEO of IODM, Mark Reilly, highlights the significance of this development for the company's growth in the North American higher education market.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.