Talius Group secures strategic investment

Talius Group (ASX:TAL) has secured a $2.5 million investment from Stephen Norris Technologies Pty Ltd through a strategic placement. This involves issuing approximately 286.05 million new shares at a price of $0.009 each. The investment aims to expand Talius' platform and strengthen its capital management with a focus on profitability by 2025.

Talius strategic placement and future plans

Talius Group (ASX:TAL) has announced a $2.5 million investment from Stephen Norris Technologies, acquiring a 10% stake in the company. The funds will be used to expand Talius' platform, particularly within the Home Care vertical, and to enhance capital management with the aim of achieving profitability by 2025. A Memorandum of Understanding is being finalized to explore further growth opportunities, including potential collaborations with Lifestyle SA Group and CareWindow. Stephen Norris, with over 40 years of experience in the aged care sector, will also have the right to nominate a non-executive director to Talius' board. The share placement was made at a premium, reflecting confidence in Talius' strategic direction and potential. Talius is focused on leveraging this investment to accelerate growth and innovation in technology-enabled care solutions for the aged and disability sectors.

Insights from Talius management

Graham Russell, Managing Director, views the investment as a significant endorsement. Stephen Norris highlights the importance of technology in aged care and recognizes Talius' leading platform.