TZ Limited achieves record SaaS growth, completes key acquisition

About this update from Tz Limited

Australian smart lock innovator TZ Limited reported strong growth in its March quarter, driven by record software as a service revenue and the acquisition of property technology company Keyvision Holdings for $4 million , according to a report by The Sydney Morning Herald . The acquisition is expected to generate $1.6 million in annual recurring revenue within 12 months and provides cross-selling opportunities. While facing some revenue headwinds in the U.S. due to tariffs and shipping delays, the company's other regions performed strongly, with SaaS division sales on track for a 20% year-on-year increase. TZ Limited also secured a new debt facility to reduce its existing loan. Copyright © 2025 Networld Media. All rights reserved., source Industry News

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