Billions of dollars are spent on Learning Management Systems (LMS) across the globe. The numbers speak for themselves: $130 billion on training, $107 billion on e-learning and $4 billion on LMS technologies.
Velpic (ASX:VPC) is a small $14.2 million capped Australian company, looking to take a slice of this e-learning pie and boost revenue growth with the release of its Version 3.1 e-learning platform into the global marketplace.
In fact VPC already has presence across the Asia Pacific, UK and US and is expecting strong revenue growth over the next 12 months, helped along by its partnership with the US-based $41.6 billion NASDAQ-listed ADP.
Whilst the tech sector has been somewhat out of favour recently, there is still potential for rapid growth in the small cap space. Two stocks we have covered extensively on the Next Tech Stock , FBR and MSM are testament to that. As VPC gathers momentum over the coming months we are hoping for a similar kind of performance.
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VPC has positioned itself strongly in terms of servicing top tier companies including the likes of Alcoa as well as the vast number of SME’s through its dedicated LMS solutions.
VPC is now looking to expand its areas of representation, industry exposure and client portfolio and with Velpic 3.1 now launched and deals such as the one done with ADP, it may just have the LMS world at its feet.