Velpic scores conversion: signs new Canterbury League Club deal
The rapidly expanding video eLearning company Velpic [ASX:VPC] has achieved a major milestone, signing its first client in the hospitality space.
In a new deal with Canterbury League Club, home of the NRL side the Canterbury Bulldogs, Velpic makes its maiden entrance in the club and hospitality sector.
The NSW hospitality and club sector, has over 1400 registered clubs which employ 41,400 staff in the state, highlighting the market potential for Velpic and its e-Learning training platform here in this sector and in NSW alone.
The training platform will be used on the Canterbury League Club’s current 500+ workforce and will be used to induct new employees who join the organisation.
Velpic is hoping the Canterbury League Club deal opens up more doors for its software as a service (SaaS) eLearning solutions.
As businesses across most industries seek to run a more efficient workplace, keeping up to date with the latest advancements in technology is paramount. This is more and more the case with technology based on continued professional development.
Through the use of Velpic’s eLearning services, these businesses are able to achieve learning efficiencies by having more control and reporting capabilities surrounding training within the workplace.
Training can also be done at any time rather than having to schedule staff to all be together in a room on a particular day resulting in lost productivity and potential downtime.
The software can easily determine how well employees are performing on an individual level. This level of insight is relatively new to the market place, particularly in the small and medium enterprise (SME) space.
Velpic’s services allow firms to easily integrate training and induction into their business.
Targeting the SME space, the company sees enhanced growth potential abroad and on Tuesday announced that it will be seeking to raise $5.85 million through a renounceable rights issue.
Funds raised will be used to accelerate plans for growth internationally and to advance Velpic’s already market leading cloud based video eLearning platform.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.