Vonex continues to expand Channel Partner growth

By Justin Ware. Published at Oct 23, 2018, in Technology

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.


SEE THE PORTFOLIO

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