The All Ordinaries (Index: ^AORD) (ASX: XAO) might have closed up 3.3%, but these two small cap companies saw prices gains of more than 26%.

ApplyDirect FPO (ASX: AD1)

ApplyDirect saw its share price zoom 26.7% higher to 38 cents, after the recruitment company announced a strategic alliance with Mercury – the largest supplier of workforce management software to the healthcare sector. ApplyDirect’s platform will connect to Mercury’s software – bringing together employers and candidates directly – without the need for recruitment agents and job boards, according to ApplyDirect. ApplyDirect says its platform is different because it excludes jobs listed by agencies.

While that appears to be one positive, it could also be viewed as a negative – compared to companies like Seek Limited (ASX: SEK) which lists agency jobs as well and is the market leader.

Alcidion Group Ltd (ASX: ALC)

Alcidion is a healthcare technology provider, and saw its share price sink more than 10% yesterday, saw it recover much more than that today, rising 26.4% to 11 cents. In the 2016 financial year, Alcidion had just $4 million of revenue but is targeting the US, given the country’s high health care costs and estimated 30% of wasted expenditure on health. Alcidion says healthcare software such as its products can help reduce that waste and sees that as a huge opportunity.

The US has also passed the Health Information Technology for Economic and Clinical Health (HITECH) Act which encourages the health care sector to change over from paper records to electronic/digital medical records.

Alcidion could be one to watch given the company’s potential.

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Motley Fool writer/analyst Mike King owns shares in Seek. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.