Small-cap ASX tech share surges 60% on COVID-19 response

Whispir Ltd (ASX: WSP) shares have surged up 60% today after the company announced the government was planning to use its platform as part of its coronavirus containment efforts.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Whispir Ltd (ASX: WSP) share price surged up 60% today after the company announced the government was planning to use its platform as part of its coronavirus containment efforts. Shares in the software-as-a-service (SaaS) provider are currently trading at $1.20, up from 75 cents at market close yesterday. 

Whispir provides a SaaS communications workflow platform which automates interactions between businesses and people. Used by more than 500 enterprise customers, the platform will now be used by Victoria's Department of Health and Human Services (DHHS) to interact with Victorians about coronavirus. 

Government communications

The DHHS will use the service to communicate with Victorians who have been in close contact with someone who has COVID-19 or meets the criteria for self-isolation. The Whispir platform will send secure two-way messages and real-time updates to sufferers and those who have been in close contact with COVID-19 as part of the DHHS's containment plan. 

Real-time health insights 

Real-time and data-driven communications will provide DHHS with insight into the daily health of those in self-isolation or who have been in close contact with someone who has COVID-19. This will allow the DHHS to quickly confirm if individuals are complying with the 14 day self-isolation period for close contacts of COVID-19. The DHHS will also be able to receive rapid insights into whether close contacts are experiencing any symptoms of COVID-19 or have been tested for the virus. 

People who receive the messages will be required to respond to the communications issued by the DHHS 'contact tracing' team, answering a series of questions including about their recent activities, health, and quarantine status. 

Engagement and data benefits 

"The immediate benefits of this new service to the community will be substantial. Our platform provides the means for Victorians to effectively engage with DHHS and promptly report important changes to their health," Whispir CEO Jeromy Wells said, "this provides DHHS with more accurate data, enabling them to quickly make more informed decisions about the optimisation of services for the broader benefit of the community."

The Whispir platform is also used by Qantas Airways Limited (ASX: QAN) to manage critical incidents, and by Telstra Corporation Ltd (ASX: TLS) to communicate rapidly with customers and staff. New Zealand police use the platform to communicate with the hearing-impaired community. 

National scale 

Wells said, "while the Victorian DHHS is the first Australian health authority to utilise our platform state-wide for its COVID-19 communications we have the ability to scale this service nationally for all Australians."

Motley Fool contributor Kate O'Brien has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Whispir Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

Male hands holding Australian dollar banknotes, symbolising dividends.
Technology Shares

This ASX tech stock is sinking following co-founder's $35 million sale

Insider selling is weighing on this high-flying tech stock. Should you be alarmed?

Read more »

Two brokers analysing stocks.
Technology Shares

Brokers say this growing ASX 200 tech stock is a buy

This tech stock could be a buy according to Morgans and Goldman Sachs.

Read more »

Hands reaching high for a trophy with a sunset in the background.
Technology Shares

Is the Xero share price heading beyond $200?

Goldman Sachs thinks this high-flying stock can scale new heights.

Read more »

Three people gather around a large computer screen where they are looking at something that is captivating their interest with a graphic image of data and digital technology material superimposed to the right hand third of the image.
Share Market News

Here's how the ASX 200 market sectors stacked up last week

ASX tech shares led the market for a third consecutive week with a 4.63% increase.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Technology Shares

50 times earnings! Why Block shares could still be better value than the banks

This expert reckons Block remains a bargain, even near 50 times earnings.

Read more »

Three analysts look at tech options on a wall screen
Technology Shares

Up 70%, is it too late to invest in Xero shares?

This ASX tech darling hit a new all-time share price record yesterday.

Read more »

Scared looking people on a rollercoaster ride representing the volatile Mineral Resources share price in 2022
International Stock News

Are interest rates to blame for the shaky Nasdaq Index last night?

US markets were volatile overnight.

Read more »

A man sees some good news on his phone and gives a little cheer.
Technology Shares

Buy this ASX tech stock that delivered 'beats across the board'

Bell Potter has good things to say about this high-flying stock.

Read more »