Vonex continues to expand Channel Partner growth
Vonex Limited (ASX:VN8) has provided a promising update on its revamped Channel Partner program.
Designed to facilitate continued growth through the ongoing rollout of the National Broadband Network (NBN), the company has successfully implemented its nationwide Channel Partner recruitment and training program.
As a result, it gained 12 Partners in the first quarter of FY19 and has since added a further six Partners in the second quarter of FY19 to date. The majority of these are located in NBN hotspots including Brisbane, Sydney, Melbourne, Adelaide and Perth.
In addition, VN8 has deployed its intuitive Sign on Glass platform to automate Channel Partner enrolment.
The company has also re-engaged with 58 previous Channel Partners who indicated their interest in ramping up and scaling their contribution.
These re-engagement talks are a result of the company undertaking an extensive review of the existing Channel Partner program and identifying opportunities to provide further support and increase productivity. It has coupled this review with a refreshed incentives model to accelerate Partner growth and sales.
The company remains on track to achieve its target of 100 new Channel Partners in FY19, with the aim to develop a broad network of Partners who can meet the telco demands of its rapidly growing base of SME customers.
VN8’s Channel Partners sell the company’s existing product suite, including its cloud-based Private Branch Exchange (PBX) solution and internet packages.
Driving the new program growth is a business development campaign geared around IT and communications services providers and VN8’s appointment of a new business development manager and trainer.
VN8 Managing Director Matt Fahey commented on the announcement, “Vonex’s commitment to the Channel Partner program has helped underpin the Company’s consistent growth over many years.
“With Vonex’s proprietary sales technology, Sign on Glass, out in the market, we have empowered our Channel Partners to accelerate our expansion of new customer orders.
“In light of the business development opportunities created by the ongoing rollout of the NBN, now is a great time for prospective Channel Partners to join Vonex’s program and take advantage of the Company’s marketing support, sales incentives and cutting-edge products on offer to the business community,” he said.
Where to invest $1,000 right now
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
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.
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.