The TALi Digital Ltd (ASX: TD1) share price is rocketing higher in early trade on Wednesday.
The early childhood technology company’s shares have zoomed a massive 35% higher to 6.9 cents this morning.
Why is the TALi Digital share price rocketing higher?
Investors have been buying TALi Digital’s shares this morning after it revealed that it has successfully achieved Google For Education Partner status on a global basis.
The means that TALi Digital, previously known as Novita Healthcare, will now have its TALi Detect and TALi Train products made available in Google products including G Suite for Education and Google Chromebooks.
According to the release, these products dominate the U.S. education system. Over 55% of all U.S. school children are using a Google product every day to facilitate their learning experience.
In addition to this, Google for Education Partner status enables TALi Digital to access technical support from Google developers as its products meet the requirements to be a priority for new Google features.
Combined with marketing support, including partnership branding support and participation in co-marketing activities, management believes this will cement its position as a first to market leader in the ATTENTION assessment and training segment.
The company’s managing director, Glenn Smith, appeared to be very pleased with the development.
He said: “Receiving this status significantly increases the potential availability for TALi solutions product suite and is a significant step forward in our expansion into the US market where the Google for Education platform is widely used and adoption of Chrome devices is substantial.”
Mr Smith was also pleased that the TALi platform has full integration with Google Single Sign In, Google Classroom, and other user experience and security related features.
“These integrations help streamline the user experience by allowing the input of teacher, class and student data directly into our platform, making the onboarding process as seamless as possible,” Mr Smith added.
What are TALi Detect and TALi Train?
TALi Detect is a 20-min digital game-based screening tool available to all children to assess potential attention deficits.
Whereas, TALi Train is a 25-session intensive digital program. It strengthens children’s three core attention skills – Selective Attention, Sustained Attention and Executive Attention.
Management believes both products have significant opportunities in the massive U.S. market.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (C shares). 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.