Hogan Lovells advised Simble Solutions Limited, an Australian enterprise Software as a Service company focused on business and resource management, on its successful initial public offering and listing on the Australian Securities Exchange.

The company successfully raised $7.5 million in a heavily oversubscribed offer at an issue price of 20 cents.

The funds raised will be used to accelerate the commercialisation of the company's Simble Energy solution, a real-time energy visualisation and analytics platform designed for energy saving management. Simble also provides a suite of white label business automation and collaborations tools under its Simble Mobility solution.

This work was lead out of our Australian practice by corporate partner Matthew Johnson and associate Xavier Keary.

Matthew Johnson commented: “We were delighted to be part of the team in such a successful transformational transaction for Simble Solutions. We look forward to working with Simble as it embarks on its next phase as a listed company".