Invigor Group (ASX:IVO) earlier this month entered into a development contract with Australia Traffic Network (ATN) to assist with its digital commerce strategy.
Australia Traffic Network is a media provider of traffic news and information. Its reports are heard 365 days a year on all metro commercial radio stations.
Development of the application will assist ATN to use data to deliver business intelligence and insights for its activities, and indicates Invigor Digital Solutions' capability as a provider of business intelligence products.
IVO is an information technology and digital solutions company, which is currently raising up to $7 million to finance the initial payment required for its acquisition of Search Results Group.
Invigor in July signed a Foundation Agreement to acquire the Search Results Group for $5.8 million.
Search Results Group is an Australian online media agency offering search, web development and marketing products to small and medium enterprises.
The ASX has now granted IVO a trading halt pending a capital raising announcement.
The halt will remain in place until the opening of trade on Thursday 11th September 2014, or earlier if an announcement is made to the market.
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