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3 under-the-radar tech companies rallying into 2018

These three companies posted solid gains on Thursday, making late rallies before the year ends.

Cirralto Ltd (ASX: CRO)

The Cirralto Ltd share price was up by more than 18 per cent on Thursday as the company announced it had upgraded its revenue forecast.

The company, formerly known as Motopia Ltd (ASX: MOT), provides software-as-a-service and assists businesses in the migration of data to the cloud.

Cirralto stated that its target revenue of $2.5 million for financial year (FY) 2018 will be exceeded.

The company is now targeting revenue of $4.2 million for FY 2018.

Cirralto attributed the upgrade to the signing of new contracts and “pleasing” development of pilot projects.

Cirralto also stated that its engagement with Telstra Corporation Ltd (ASX: TLS) continues to “deepen” after the company signed a reseller agreement with the telco earlier this year.

Yonder & Beyond Group Ltd (ASX: YNB)

The Yonder & Beyond share price gained 12 per cent on Thursday as it announced it had progressed with its plans to acquire Highline Alternative Investments Pty Ltd.

Yonder & Beyond holds technology assets with a focus on mobile businesses.

Yonder & Beyond says its strategy is to “identify and develop disruptive applications with high commercialisation and scalability potential”.

The company announced it had completed due diligence investigations of Highline and the deal was progressing.

IXUP Ltd (ASX: IXU)

The IXUP Ltd share price was up by almost 6 per cent on Thursday with shares in the company now trading for about 5.4 cents.

IXUP, with a market cap of about $52 million, is a software company which provides data solutions for businesses in order to promote greater integration of data whilst improving security and accessibility.

On Wednesday IXUP announced that Regal Funds Management Pty Limited had increased its investment in IXUP by almost 2 million shares, bringing its holding in the company to more than 12 million shares.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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.

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