LX Ventures subsidiary begins generating revenue

Stockhouse Editorial
0 Comments| June 27, 2013


LX Ventures (TSX: V.LXV, Stock Forum) Thursday said its wholly-owned subsidiary,  Fodio Technologies Inc., has begun commercializing its business and has signed 10 customer agreements in its first three months of operations with each valued at up to $5,000 per month of recurring revenues, this according to a company news release.

"Unlike standard business intelligence providers, Fodio's technology monitors the financial status of our client companies in real time and alerts owners when action is required by email or mobile app alert. Fodio then recommends the best course of action to resolve the alert, which we believe to be truly valuable and unique technology," said LX Ventures CEO Mike Edwards.

LX Ventures is an incubator that launches, integrates, and acquires early stage high growth technology companies.


Tags: COMPUTER SYSTEMS

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