OtherLevels floats on Australian Securities Exchange

Mobile marketing platform OtherLevels has successfully completed its listing on the Australian Securities Exchange under the ticker OLV.

The company originally expected to raise around $6 million but strong demand resulted in it issuing $7.5 million of stock, valuing it at $31.5 million.

Around the world

In keeping with its expansion plans, OtherLevels is adding sales and support staff in Australia - it's headquartered in Brisbane, with an office in Melbourne - as well as its offices in San Francisco and London.

Current gaming clients include Halfbrick and Sega.

"We look forward to continuing our rapid expansion as a world-leading, second generation digital marketing platform that is transforming how enterprises communicate with their users," commented chairman Brian Mitchell.