NET accelerates growth as it hits significant milestones
7 minute read
The centralisation of data has serious alarm bells ringing for some, particularly for those who value their privacy above most things.
There are, however, arguments for and against.
Advocates, including Amazon and Microsoft will say it preserves data, improves physical security, data security, reduces costs and improves reliability and speed.
The flipside points to high dependency on network connectivity, bottlenecks due to high traffic and limited access.
If companies are looking to bring data management in-house and secure their operations, a decentralised approach is best.
In 2020, a year that has transformed the world into one heavily attuned to data breaches, many companies have turned their attention to providers of more secure, less decentralised data products.
In this mix is Netlinkz (ASX:NET).
Netlinkz, an Australian software company that specialises in secure virtual network solutions, has been refining its data security products since 2014.
Its core product is a globally-patented, award-winning technology called the Virtual Invisible Network (VIN), which is proving to be a popular network security solution around the globe.
This was no more evident than in the formative days of COVID-19.
At this pandemic gripped the world, NetLinkz through its 80% owned Beijing iLinkAll Science and Technology Co. Ltd, was asked to help lead the fight against the virus, whilst improving information flow and work process using NetLinkz’s Virtual Secure Network (VSN).
“We are proud to be supporting the people of Beijing during an extremely difficult period for the city and the people of China. iLinkAll’s VSN has been selected as the City’s first batch of ‘remote and mobile’ technology solutions to help small to medium-sized companies and their professional workers remotely log into their office and help those businesses get back to work,” James Tsiolis, Executive Chairman of NetLinkz said.
Notably, iLinkAll is the 2019 award winner of the Innovative Cloud Service Platform by the China Software Industry Association. It leads the China SDN market in providing innovative intelligent enterprise solutions to secure networks and assists their digital transformations.
China is indeed a major market for NET and iLinkAll has already started generating sales across various sectors.
These sectors offer a range of opportunities for the company:
These sectors have been developed to meet the demands of increased mobile application.
Allied Market Research suggests the Global Mobile application market will grow to US$407 billion in 2026, from $106 billion in 2018.
Netlinkz expects its Virtual Secure Network to quickly open these markets:
There have been six million mobile subscriptions alone in 2020, compared with one million in the US, hence the company’s focus on this market as well as in the APAC region.
The company’s VSN will be crucial in its expansion into these markets.
How the VSN works
Netlinkz developed the Virtual Secure Network (VSN) overlay technology platform, as a cost-effective connectivity solution that enables simple, fast and secure day-to-day networking and connectivity.
VSN allows organisations to underpin their network operations with an intelligent networking platform that provides a secure and elastic network overlay that extends all the way to the edge of the organisation’s network and offers high quality of service and infinite scalability.
The following graphic highlights its capabilities:
VSN utilises an award winning, world-class encryption that protects all network transmissions from edge to edge. In fact, the benefits of the VSN are many and varied:
- VSN offers autonomous adjustment of bandwidth & smart routing
- VSN can switch between peer-to-peer and mesh mode
- VSN employs a powerful backbone over any existing network
- VSN uses access control lists (ACLs) to ensure that network services are only available to authorised users - making the network invisible to unauthorised users
- Security policy management is centralised in the VSM and enforced at the edge
- VSN blends open standards with cutting edge virtual technology, giving it a rich feature set that is ahead of the SDWAN market
- VSN offers 5G-ready edge devices that support IoT and extends the network edge to the mobile device for demanding branch edge deployments.
- Leapfrogs latent technologies
These benefits, along with creating a secure network were paramount in the Beijing government selecting iLinkAll to help combat COVID and put people back to work.
“The Beijing Government has released a list of selected IT enterprises in Beijing that have approved products and services aimed at assisting business and the community through the epidemic, with practical actions,” Tsiolis said at the time.
NET was in good company including Alibaba, Baidu, Ten Cent, Jingdong and JD.com.
iLinkAll VSN was the only majority foreign owned company selected by the Beijing Government – testimony to its ability to create a secure and trusted solution for the Chinese market including businesses and the broader community.
The Virtual Secure Network (VSN) product, evolved out of Netlinkz’ Virtual Invisible Network (VIN), an evolutionary step in virtual networking that can be used over any other type of established public or private network, including the Internet.
In essence, the VSN platform of technologies is an integrated solution delivering network connection, security, flexibility, control, management and monitoring of any network requirements for any enterprise client.
It embraces all aspects of technology including SD-WAN, cloud, mesh, edge, peer to peer and IOT and can deliver at scale.
As we reported earlier in the week, Netlinkz is positioned to cater for basic to extremely complex client-driven customised solutions.
Netlinkz is well positioned to grow revenue satisfying both ‘connectivity’ to basic infrastructure demand and growing demand for Cloud hosting and delivery of services to clients’ (SaaS) business models.
Strong revenue growth leads to major milestones
Netlinkz products are in demand and has led to exceptional growth in 2020.
The company recently reported fiscal 2020 sales of $5.25 million, up 846% on the previous corresponding period, mainly due to rapidly increasing sales in China.
Netlinkz has also entered the Indian market.
Its current report card, illustrates how proactive the company has been recently and the milestones it has ticked off.
The company remains on track for its previously stated guidance of $15 million of customer receipts by year's end and its approaching cash flow positivity.
For Tsiolis, this is just the start of things to come.
“The 2020 financial year has been a transformational one for Netlinkz and we now have in place the foundation to capitalise on the initiatives we undertook during the year to really fast-track growth in the current financial year and beyond.
“We remain on track to meet our previously stated guidance of $15 million of customer receipts by year-end, with the Board being of the firm view that we are only just in the very early stages of growth.
“We have market-leading VSN (virtual secure network) technology, an expanding global footprint, quality partners, a growing base of blue chip and government customers, as well as other revenue streams and technologies that underpin this confidence.
“As such, Netlinkz is exceptionally well positioned to capitalise and it has a very strong market advantage.”