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Vault Intelligence director shows confidence in the company’s software solutions strategy

Vault non-executive director David Rose has purchased 25,000 shares on market.

Vault Solo Watch
Vault's Solo Watch allows employers to check in and raise alerts straight from the watch face via a tap

Vault Intelligence Ltd (ASX:VLT) director David Rose has shown confidence in the company’s software solutions and its business strategy by purchasing shares on market.

The director has recently acquired 25,000 shares in an on-market trade.

More than 116,000 shares held

This brings his overall holding to 116,500 fully paid ordinary shares.

READ: Vault Intelligence expands role of David Rose

Rose was appointed to the role of chief operating officer (COO) and chief information officer (CIO) late last month as he leads the company’s strategic and structural changes aimed at driving revenue growth.

He retains the non-executive director position on the board.

His appointment allows CEO David Moylan to provide greater focus on increasing strategic engagements and capitalise on key global opportunities.

READ: Vault Intelligence to add to Solo worker-tracking revenues to new CARR figures

Vault provides risk and safety management software to more than 400 customers across eight countries with offices in Christchurch, Melbourne, Sydney and Perth.

Among the company’s product offering is Vault Solo, a workforce tracking ecosystem for remote workers.

Workers in the field can sign in with a browser or app and companies can monitor where workers are by using a Solo app on a Samsung Galaxy Watch device to ensure their safety or track movements. 

- Jessica Cummins

Quick facts: Vault Intelligence Ltd

Price: 0.28 AUD

ASX:VLT
Market: ASX
Market Cap: $35.84 m
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