Although big name tech shares such as Aconex Ltd (ASX: ACX) and iSentia Group Ltd (ASX: ISD) have disappointed investors this year, a good number of small-cap tech shares have given their respective shareholders something to smile about.
The three shares listed below have not only smashed the market this year, they have more than doubled in value. Here's what you need to know:
The Family Zone Cyber Safety Ltd (ASX: FZO) share price is up a whopping 208% so far in 2017. One of the biggest catalysts for this gain was an agreement the cyber safety company signed with Indonesian mobile phone carrier Telkomsel in June. That deal will see Family Zone launch its innovative parental control suite to the telco's 165 million subscribers. Due to this deal and its early success in providing its services to the education sector, I believe Family Zone could have a very bright future ahead of it.
The LiveHire Ltd (ASX: LVH) share price is up 135% year-to-date and closed at an all-time high of 80 cents on Monday. This talent technology company provides a powerful productivity platform that allows businesses to transform the effectiveness and efficiency of their sourcing and hiring processes. This is achieved through the creation of a pool of pre-qualified job candidates to access when companies need to recruit, saving recruiters both time and money. In the last few months the company has announced major deals with companies such a Roy Hill, Randstad (Singapore), and Queensland Health.
The Updater Inc (ASX: UPD) share price has gained a remarkable 195% since the start of the year and it isn't hard to see why. The company aims to make the moving process easier for the estimated 17 million households that relocate each year in the United States and is well on its way to doing so. At present the company is processing an estimated 15.7% of relocations, up from 6% a year earlier. But it isn't resting on its laurels and is ultimately targeting market penetration of 35%. At that point management believes it will be able to leverage its position to sell business products and connect movers with businesses. I think Updater is certainly worth a closer look.
