Australia's IODM rises on US expansion, renewal of Convera deal

ReutersApr 9, 2026 5:03 AM

Shares of IODM Ltd IOD.AX rise 16.7% to A$0.175, their highest level since March 18

Set for best day since March 16

Accounts‑receivable software firm secures deal to provide software platform 'IODM Connect' to 283 U.S. university clients; no financial details mentioned

Co also renewed commercial agreement with payments firm Convera for the UK higher education sector with better terms of payment

Under deal, co to receive 30% share of all payment revenue generated by Convera for all universities that use IODM, up from the previous 25%

About 349,037 shares traded so far, 1.4x the 30-day average

Stock up 34.6% YTD

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