TikForce partnership with Mediasphere brings in immediate revenues

Published at Sep 6, 2016, in Technology

A binding heads of agreement has been signed between worker identity and credential verification platform provider TikForce (ASX:TKF) and Mediasphere Holdings Pty Ltd.

Mediasphere will use the TKF platform to validate the credentials of users on its learning management systems, undertake police checks and to verify other critical documents.

The deal will see TKF receive immediate recurring revenues with Mediasphere paying for each individual user that is verified through TKF’s platform.

Clients of Mediasphere can opt in to pay TKF to use its Certain.online service.

In addition to the deal TKF has the opportunity to cross-sell its other services to further bolster revenues.

Some of these services include results from tests that are verified through Certain.online being posted to Tik.me. The subscription based web and mobile app allows users to build an online profile that will permit them to upload, verify and securely store all their credentials.

Through Tik.me, users can connect to employers online, showcase their credentials and enhance their employment opportunities.

Mediasphere is a leading online learning management content developer and training provider that services both the public and private sectors.

Recently the company was recognised by HR Tech Outlook Magazine as being one of the Top 10 global learning management systems providers, with the global corporate e-Learning market set to be worth US$31b by 2020.

Mediasphere’s operations span across the UK, India, UAE, Australia and New Zealand, allowing TikForce immediate access into these marketplaces through this relationship.

While still an early company, it is difficult to determine how much of the market TikForce will penetrate, so if considering this stock for your portfolio seek professional financial advice.

Clients of Mediasphere include BMW, Rio Tinto, Mantra Hotel Group, Epic Energy, and the Queensland and Northern Territory governments.

The deal further validates TKF’s platform offering whilst bringing in immediate revenues.

TikForce CEO Kevin Baum said, “Our partnership with Mediasphere provides further validation of our innovative RegTech offering and a near-immediate revenue stream. We are close to signing agreements with other industry leaders that we believe will give our solution a strong strategic foothold in the marketplace. This partnership substantially extends the validation transactions that TikForce is able to offer.”

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