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IP Applications Corp. (IPX:TSX-V) provides technologies and services that enable software companies and IP service providers to manage product plans, pricing, subscribers and payment over the internet. The company was founded in 1998 and has since grown both organically and through acquisition.
IP Applications currently has a market capitalization of about $6.4 million and is trading at only 0.8 times current annual sales. The company has developed a strong base of recurring revenue and is now expanding into higher-margin and higher-growth technology markets.
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