Velpic cuts the corner to Version 3.0 targeting SMEs

Published at Apr 18, 2016, in Technology

Velpic (ASX:VPC), an Australian eLearning company, has said that its highly anticipated platform update will be delivered late this month as opposed to Q3 2016 as previously expected.

VPC is a cloud-based Learning Management System (LMS) provider helping businesses to educate and train their staff. The company listed on the ASX in November last year courtesy of an RTO deal with International Coal, a coal-exploration company.

VPC’s eLearning platform provides a unique solution to train and induct staff using interactive and dynamic training tools based on video and staff interaction. VPC’s own designers have dubbed its platform as ‘PowerPoint on steroids’. This type of offering helps both small and large companies organise and execute huge training initiatives that span thousands of employees spread out across the globe.

VPC said that Version 3.0 of its eLearning platform is “tracking well ahead of schedule with the process now entering the final testing phase,” according to an update to shareholders.

The new platform includes several new features: streamlined workflows, updated administrator dashboards and consolidated reporting features. It also features enhanced training capabilities for SMEs. Version 3.0 will be finalised “within the next two weeks” which is significantly earlier than the previously advised launch date of Q3 2016.

The much earlier than expected completion could potentially improve VPC’s market valuation once announced and further commercialisation deals come into view.

“This new platform will significantly enhance Velpic’s ability to grow its client base by providing a fully automated interface for SME clients to sign up to the Velpic platform. This provides the opportunity to significantly scale the Company’s [VPC] client growth with minimal additional overheads,” said VPC.

Earlier this year, VPC published provisional pricing information for its new SME-focused offering.

The accelerated time to marketing its new Version 3.0 targeting SME’s positions Velpic to emulate the success of other highly acclaimed cloud-based SaaS businesses such as Xero (valued at US$2.9 billion) and Atlassian (valued at US$4.7 billion) respectively.

VPC also says that Version 3.0 will complete the final third pillar in its Sales strategy. Since its inception, VPC has executed a business plan comprising of enterprise sales and reseller partnerships to generate initial sales revenue growth and will soon activate its SME-focused channel targeting businesses directly.

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X