Source: PROACTIVE INVESTORS

IWebGate: iWebGate Limited raising $2M to expand business

iWebGate Limited (ASX:IWG) has received firm commitments to raise $2 million through the issue of shares priced at $0.20 each.Proceeds will be used to accelerate opportunities the company has with telecommunications companies and to further expand the iWebGate business through the commercialisation of its products both in Australia and overseas.In May, it signed a Telstra Online Services Agreement with Telstra Corporation (ASX:TLS) , allowing its technology to be automatically deployed over Telstra's infrastructure.The company's software platform orchestrates a wide range of services across networks of all sizes, location and topologies.Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Est. Annual Revenue
$100K-5.0M
Est. Employees
25-100
Mr. Tim Gooch's photo - CEO of IWebGate

CEO

Mr. Tim Gooch

CEO Approval Rating

70/100

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