• TZ Limited to acquire Keyvision Holdings Pty Ltd, a leading provider of tenant engagement platforms
• Acquisition to be funded through a $4 million senior secured debt facility from Causeway Finance
• Keyvision principal and senior management to acquire 9.5% of TZ shares, demonstrating confidence in the combined business

TZ Limited has entered into a binding agreement to acquire Keyvision Holdings Pty Ltd, a leading provider of tenant engagement platforms. The total acquisition price of up to $10 million will be paid over four years, contingent on Keyvision achieving agreed revenue and growth milestones. The acquisition will be funded through a $4 million senior secured debt facility provided by Causeway Finance, ensuring a non-dilutive funding structure. Partial repayment of existing debt with First Samuel will result in TZ's total debt post the acquisition being $5.5 million. Keyvision principal, Mark Davis, and senior management, are acquiring 9.5% of TZ shares from First Samuel, demonstrating their confidence in the future growth of the combined business. The acquisition expands TZ's SaaS revenue stream, with recurring revenue over $5 million per annum, and provides significant cross-selling opportunities for TZ's smart locker and access control solutions. The combination of TZ's hardware and access control solutions with Keyvision's tenant engagement platform creates a highly scalable, technology-driven solution for smart buildings, strengthening TZ's recurring revenue model and enhancing customer retention. The acquisition also unlocks substantial cross-selling opportunities across TZ's existing enterprise customer base and presents an opportunity to integrate TZ's smart locker technology within new and existing property projects.

The acquisition is expected to add over $5 million per annum in recurring SaaS revenue to TZ's business.

The acquisition of Keyvision presents a significant opportunity for TZ Limited to expand internationally by leveraging its existing corporate relationships and established global infrastructure, particularly in the United States and Singapore markets.