Thred charges Whitaker with role of forging ties with Microsoft
Published 05-OCT-2016 13:45 P.M.
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Unified Social Messaging and Social E-commerce Platform operator, Thred (ASX: THD), announced on Tuesday morning that it had made changes to its Board of Directors and management team in order to amplify its focus on delivering product quickly, including the fast tracking of its global rollout and commercialisation opportunities.
In terms of commercial opportunities, THD more specifically referred to the potential for product development and partnerships following recent progress the company has made with Microsoft.
In particular, management referred to the development of its next-generation social media application across the Microsoft Office 365 suite of products, as part of the company’s BizSpark Plus partnership.
It is still early days in this partnership and there is no guarantee that it will improve revenues for THD, so if considering this stock for your portfolio seek professional financial advice.
The group sees this as an important move in terms of becoming the messaging and collaboration tool across the Microsoft Office 365 suite of products.
From a technological perspective, the integrated service will enable existing and future users to enjoy THD functionality and communicate from within all Word, Excel and PowerPoint documents, including the ability to have real-time chat sessions within Microsoft’s flagship email product, Outlook and integration with search engine, Bing, is expected to follow.
Given this backdrop, THD has taken the decision to inject founder and chief executive, David Whitaker into the roles of chief information officer and commercial director, enabling him to focus exclusively on product development, commercial partnerships and platform rollout.
Executive Director, Chris Adams will take on the role of interim Chief Executive immediately. His background includes experience in the areas of media, digital, strategy and commercialisation, including past roles with Facebook, Amazon and Manalto, Inc (MTL. AX).
Adams has also had experience with start-ups and corporate consulting, including National Storage and Sensis, strengths that should be important for THD in its early stages as a listed entity.
Whitaker’s experience will also be invaluable in terms of progressing the recently launched Thred App in Minimum Viable Product (MVP) form. Importantly, this was the group’s first milestone which was achieved in accordance with management’s timeline.
The MVP is the launch version of the software that allows the Thred team to collect the maximum amount of validated learning from its invited users with the minimum amount of effort and is the most common form of initial software launch engage within the industry.
It was only recently at Microsoft’s Channel Kick off Partner Conference that in his role as THD’s Chief Executive, David Whitaker said, “After our successful keynote delivery at the conference the time is right to now release the Thred MVP so that we can continue moving towards our Beta and global releases”.
Two other board changes included the immediate appointment of Non-Executive Chair, Geoff Marshall, as Executive Chairman. His background includes senior executive roles with Rothmans Holding Ltd, Mayne Health Group, Incitec Ltd and Nanosonics Ltd.
With a view to maintaining a balance between Executive and Non-Executive Directors, THD has appointed Graeme Fear as an Independent Non-Executive Director, effective October 5. He has past experience in the fast moving consumer goods area, as well as advertising and merchandising.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.