The Family Zone Cyber Safety Ltd (ASX: FZO) share price has been amongst the biggest movers on the Australian share market today.
In afternoon trade the cyber safety company's shares have stormed over 10% higher to a new all-time high of 88.5 cents.
Why are its shares higher?
This morning Family Zone announced that it has signed a deal with Malaysian telco giant Maxis Communications.
According to the release, the deal will see Family Zone provide embedded on-device and in-network technologies to make its innovative cyber safety ecosystem available to Maxis' 12 million subscribers throughout Malaysia.
This is just one of a number of agreements the company has signed with telco companies this year. They appear to be impressed with Family Zone's technology which provides a unique approach to managing digital experience.
Family Zone was recently tipped by one Motley Fool contributor as a tech share to buy in October.
