Technology sector

Technology Sector Update 01/20/2022: DATS, BIGC, VRAR, IAS

JTech stocks ended with moderate gains, with the SPDR Technology Select Sector ETF (XLK) rising 0.5% on Thursday, although the Philadelphia Semiconductor Index (^SOX) slipped 0.3% this after -noon, returning an advance at noon.

In company news, DatChat (DATS) rose nearly 35% after the networking software company announced on Thursday that it had signed a non-binding letter of intent to acquire information technology company Avila. Security for $1 million in cash and $2.5 million or more in DatChat restricted stock. Pending completion of a definitive purchase agreement and other terms, the agreement adds four U.S. patents and other intellectual property rights to DatChat, including tools to manage blockchain-based digital rights and encrypted video and audio streaming.

The Glimpse Group (VRAR) rose 5.8% on Thursday after the virtual and augmented reality software company announced that it has developed Glimpse Medal NFT, a limited-edition non-fungible 3D token that can be used on all gaming platforms. augmented and virtual reality.

BigCommerce (BIGC) climbed 2.5% after the small business software-as-a-service company said it had teamed up with privately held Contentstack and Like Digital to produce a global digital platform with e-commerce capabilities for beauty products from Italian lingerie company La Perla. division, with BigCommerce also joining Contentstack Catalysts’ partner program as part of the project. Financial terms and other details of the partnership were not disclosed.

Integral Ad Science (IAS) rose 1% after it said it promoted Robert Janecek, a former senior vice president of enterprise systems, to chief information officer at the digital ad audit firm.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.