While tech companies such as Aconex Ltd (ASX: ACX) and Altium Limited (ASX: ALU) are well known amongst investors, there are a good number of fast-growing small-cap tech shares flying under the radar.
Three which I think are worth a closer look are listed below:
Elsight Ltd (ASX: ELS)
Since listing on the ASX in June at 20 cents per share, this secure transmissions company's shares have gone absolutely gangbusters. As of yesterday's close they were trading almost 600% higher at $1.37. The market appears to have been pleased with a major contract win with the Israeli Ministry of Public Security, which I believe is a testament to the quality of its product. But perhaps the most exciting thing about this company, and the real reason investors have been fighting to get hold of its shares, is its focus on the autonomous vehicle market. As these vehicles will need to constantly and securely communicate with other cars, infrastructure, pedestrians, and the internet, I believe this is a lucrative future opportunity for Elsight.
Family Zone Cyber Safety Ltd (ASX: FZO)
The management team of this fast-growing cyber safety products and services provider have certainly had a busy year. As well as making solid progress in the US education sector, Family Zone has signed agreements with major Asian telco companies Telkomsel and Maxis Communications. These companies collectively boast close to 180 million mobile subscribers, giving Family Zone's cyber safety products a huge addressable market and the potential for significant recurring revenues.
LiveHire Ltd (ASX: LVH)
This talent technology company provides an increasingly popular software platform which creates a pool of pre-qualified job candidates that companies can access when they need to recruit. As it saves recruiters both time and money, it isn't at all surprising to learn that more and more big name clients are coming on board. Just yesterday the company announced another new client. Although it has not been named, it is an ASX 100 company in the finance industry. LiveHire's shares are trading at a premium, but it could grow into this valuation easily if it captures even a small slice of its $20 billion global addressable market.
