After completing due diligence, Credo Resources (ASX:CRQ) will acquire 100% of NGB Industries Ltd, operator of the Vaultgrc software business which is an established provider of environmental, health and safety solutions.
The business operates through a suite of cloud based and mobile solutions for corporate and SME markets.
Credo will lodge a prospectus and seek to raise a minimum of $4.3 million for Vault to capitalise on an emerging growth sector for cloud and mobile solutions.
Vault Alert allows employees to log incidents, hazards, near misses, observations, and manage corrective actions all from their mobile device in real time with the capability to take photos so that employers are notified of events immediately.
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