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IODM Limited (ASX:IOD)

ALERT: Price-sensitive ASX Announcement for IOD
Current share price for IOD : $0.105 -0.045 (-30%)+
Announcement
Release
9 Apr 2026 9:33AM
Price at Release
$0.150
Full Release
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Summary
IODM Limited announced the renewal of its commercial agreement with Convera for the UK Higher Education sector under improved terms. Starting April 1, 2026, IODM will receive 30% of payments revenue from all Convera universities using IODM, up from a 25% share from five universities. The agreement is non-exclusive, enabling IODM to collaborate with other partners, but limiting partnerships with competing payment companies for identified universities. This reflects IODM's robust brand presence and the effectiveness of its IODM Connect platform in the education market.
Key Points
  • IODM Limited has renewed its commercial agreement with Convera for the UK Higher education sector on superior terms.
  • Under the new arrangement, IODM will receive 30% of all payments revenue generated by Convera from all universities using IODM.
  • Previously, IODM received a 25% revenue share from five universities; the new terms expand this to 30% for all universities.
  • The agreement is now non-exclusive, allowing IODM to work with other partners in the UK and Europe, except with other payment companies for universities currently in the pipeline.
  • IODM Connect is a cloud-based platform offering a complete accounts receivable solution, integrating invoicing, query management, and payment reminders.
  • The agreement highlights the strength of IODM's brand and its platform in the UK Higher education market.
  • Mark Reilly, IODM CEO, emphasized the significance of the new agreement terms and the company's future collaborations.
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.