TALi Digital share price rockets on Google news

The TALi Digital Ltd (ASX:TD1) share price is rocketing higher on Wednesday after it achieved Google For Education Partner status on a global basis…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The TALi Digital Ltd (ASX: TD1) share price is rocketing higher in early trade on Wednesday.

The early childhood technology company's shares have zoomed a massive 35% higher to 6.9 cents this morning.

a woman

Why is the TALi Digital share price rocketing higher?

Investors have been buying TALi Digital's shares this morning after it revealed that it has successfully achieved Google For Education Partner status on a global basis.

The means that TALi Digital, previously known as Novita Healthcare, will now have its TALi Detect and TALi Train products made available in Google products including G Suite for Education and Google Chromebooks.

According to the release, these products dominate the U.S. education system. Over 55% of all U.S. school children are using a Google product every day to facilitate their learning experience.

In addition to this, Google for Education Partner status enables TALi Digital to access technical support from Google developers as its products meet the requirements to be a priority for new Google features.

Combined with marketing support, including partnership branding support and participation in co-marketing activities, management believes this will cement its position as a first to market leader in the ATTENTION assessment and training segment.

The company's managing director, Glenn Smith, appeared to be very pleased with the development.

He said: "Receiving this status significantly increases the potential availability for TALi solutions product suite and is a significant step forward in our expansion into the US market where the Google for Education platform is widely used and adoption of Chrome devices is substantial."

Mr Smith was also pleased that the TALi platform has full integration with Google Single Sign In, Google Classroom, and other user experience and security related features.

"These integrations help streamline the user experience by allowing the input of teacher, class and student data directly into our platform, making the onboarding process as seamless as possible," Mr Smith added.

What are TALi Detect and TALi Train?

TALi Detect is a 20-min digital game-based screening tool available to all children to assess potential attention deficits.

Whereas, TALi Train is a 25-session intensive digital program. It strengthens children's three core attention skills – Selective Attention, Sustained Attention and Executive Attention.

Management believes both products have significant opportunities in the massive U.S. market.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (C shares). 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 Scott Phillips.

More on Share Gainers

Small chocolate bunnies.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough end to the short trading week.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Greatland Resources, Newmont, Northern Star, and Qantas shares are rising today

These shares are ending the shortened week on a high.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Share Gainers

Here are the top 10 ASX 200 shares today

It was a veritable party on the ASX today.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Arafura Rare Earths, Eagers Automotive, Life360, and Pro Medicus shares are racing higher today

These shares are having a good session on hump day. But why?

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Energy Shares

Guess which ASX 300 uranium stock is rocketing today on a 'fantastic milestone'

Investors are piling into this ASX 300 uranium stock on Wednesday. But why?

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Share Gainers

These were the best-performing ASX 200 shares in March

Here are the best-performing shares from the ASX 200 index last month.

Read more »

Multi-ethnic people looking at a camera in a public place and screaming, shouting, and feeling overjoyed.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a volatile but positive Tuesday.

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Share Gainers

Why Challenger, Magellan, Northern Star, and West African Resources shares are storming higher

These shares are ending the month on a positive note. But why?

Read more »