Here's why the Oneview (ASX:ONE) share price is rocketing 14%

The Oneview (ASX: ONE) share price is rocketing 14% in late morning trade following a significant certification award.

| More on:
rise in asx tech share price represented by digitised rocket shooting out of person's hand

Image source: Getty Images

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 Oneview Healthcare PLC (ASX: ONE) share price is rocketing in late morning trade following its ISO 27001 certification award.

At the time of writing, the healthcare technology solutions company's shares are swapping hands for 35.5 cents, up 14.7%. It's worth noting that at market open, its shares reached an intraday high of 41 cents.

Founded in 2007, Oneview is an Irish software company that provides interactive healthcare technologies for patients, families and caregivers. The business operates in the United States, Australia, and the Middle East.

What's driving the Oneview share price higher?

The Oneview share price is on the move as investors seem pleased with the company's latest update.

According to its release, Oneview advised that it has surpassed a key milestone for the transition to Cloud Enterprise. The company was granted ISO 27001 certification, which is the international standard on best practices to manage information security. In laymen's terms, it proves to clients that their data is safely managed at all times.

Certification Europe, a globally accredited certification body, conducted a thorough independent audit of Oneview's systems, facilities and processes. It found that the company's Information Security Management System (ISMS) protected the confidentiality, integrity, and availability of customer data.

Management commentary

Oneview information security head Richard Eibrand commented:

Information security is especially critical in healthcare and we are very proud of our 13-year unblemished track record protecting the data of our world-class customers.

Cyber security is a top priority for healthcare CIOs and having ISO 27001 certification provides industry-recognised assurance of our good custodianship of highly sensitive healthcare data.

Oneview CEO James Fitter added:

Our journey to ISO certification began in May 2019 as we were developing a complex cloud hosted care management solution for the aged care industry. Our strategic decision to move our hospital solution to the Cloud in 2020 saw us accelerate this initiative in recent months.

The Oneview share price has jumped more than 800% in the past 12 months, with most of these gains coming year-to-date. It's worth noting that the company's shares reached a 52-week high of 48.5 cents on Monday.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX was back to the races this Tuesday.

Read more »

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Opinions

Could Soul Patts shares hit $50 in 2025?

This company jumped more than 16% yesterday.

Read more »

Stethoscope with a piggy bank in the middle.
Broker Notes

Australian health insurance: Does Macquarie prefer Medibank or NIB shares?

Medibank and NIB shares have both surged in 2025. Here’s what Macquarie expects now.

Read more »

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

Why the Qantas share price soared 20% in May to new all-time highs

With another stellar month in May, Qantas shares are up more than 79% in a year.

Read more »

Man smiling at a laptop because of a rising share price.
Broker Notes

9 ASX 200 shares just upgraded to strong buy ratings

Brokers have upgraded these shares amid expectations of price growth over the next 12 months.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why DroneShield, Judo, Pepper Money, and Strickland shares are surging today

These shares are having a good session on Tuesday. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Elders, IDP Education, Life360, and Pilbara Minerals shares are falling today

Let's see why investors are selling these shares.

Read more »

Red sell button on an Apple keyboard.
Broker Notes

Sell alert! Brokers say pull the plug on these 3 ASX 200 shares

Experts say it's time to press the sell button on these ASX 200 shares. Find out why.

Read more »