DATAWORKS GROUP LIMITED — Capital/Financing Update 2019

Mar 6, 2019

7 March 2019

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IXUP introduces SaaS model

• IXUP to offer on demand software-as-a-service (SaaS) distribution model

• Extends the Company’s go-to-market and sales strategy

• Capitalises on evolving trends in the data analytics market

• Positions IXUP for future growth

IXUP Limited (ASX: IXU) (“IXUP” or the “Company”) , a technology company that secures data analytics, today announced it has introduced an additional model to deliver its technology as an on-demand software-as-a-service (SaaS) which will be available to clients in April. This flexible delivery option will extend the Company’s market opportunity as enterprises increase their use of SaaS technologies.

The SaaS deployment options will enable clients to purchase IXUP’s technology as a subscription-based license across a range of software bundles at different price points. Clients using IXUP through SaaS will be able to access the Company’s secured and governed analytics platform through Microsoft Azure.

The SaaS model is designed to expediate time to value, save costs and encourage multiparty data analytics use by new clients when available in April. It allows easy and quick access to IXUP’s technology, with minimal set-up costs. IXUP can deploy its technology in multiple ways to meet the market’s needs through the SaaS options, which allow clients to purchase and deploy the IXUP technology where they want. The SaaS distribution model is expected to drive recurring revenue.

IXUP CEO Peter Leihn said: “IXUP’s strategy is based on our core belief that combining an organisation’s insights with that of others, delivers new value for clients. But this cannot occur unless there is absolute confidence in the security and governance of the analytics and use of that data.

Offering IXUP’s unique technology through the well proven SaaS model represents an important progression in the realisation of this vision. We are making it easier for organisations to purchase and deploy IXUP’s platform where, and when they want, and creating a platform for them to partner with like-minded organisations at will.”

The Company’s SaaS model will provide a differentiated set of offerings to the market through the following solutions:

• IXUP Light[ TM: ] For new-to-IXUP clients looking to use the Company’s encryption technology to gain a capped number of insights per month through data partnerships.

• • IXUP Expert[ TM:] For sophisticated data scientists and organisations that require multiple and repeated data collaboration enquiries per month.

This is in addition to the Company’s current Platform as a Service (PaaS) offering renamed:

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• IXUP Enable[TM: ] Designed for IXUP’s Super Collaborators who wish to leverage the platform to conduct secure collaborations with their key clients, on their own Microsoft Azure infrastructure.

The growing trend of organisations using cloud technology is driving new buying and consumption expectations, with client behaviour moving from predominately capital purchases to subscription-based options. The addition of the SaaS model to the Company’s sales offering will strengthen IXUP’s go-to-market and sales approach and will address new and expanded market opportunities.

The Company will continue to invest in partnership opportunities to increase the number of solutions available to clients.

-ENDS-

Investor enquiries: Philippa Daly, FCR Tel: +61 (02) 8264 1008 p.daly@fcr.com.au

About IXUP

IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017. For more information visit www.ixup.com