Vonex extends reach in multibillion-dollar Australian telco market
Emerging tech innovator, Vonex (ASX:VN8), has reached 27,000 registered Private Branch Exchange (PBX) users as of February 21, 2019.
Growth in the PBX user base is a strong indicator of VN8’s business development progress, as it deepens its reach in the multibillion-dollar Australian telco market for SMEs.
The following chart demonstrates the continued consistent growth in PBX registrations that the company has achieved over the past two years.
In addition to its strong PBX growth, VN8 has also delivered a record January for new customer orders, up 28% on the same period last year.
Factors initiating this growth include:
- Implementation of the company’s Channel Partner focused sales software, Sign on Glass (SOG), has accelerated average deployment time for hosted PBX customers to just 48 hours
- Improved engagement with new and existing Channel Partners
- The continued rollout of the NBN in developed urban areas, with now 4.1 million premises in Australia currently ready for NBN services but not yet connected
- VN8’s initiation of targeted online marketing across all states after the successful completion of pilot marketing testing, which has surged the company’s unique visitor website traffic by more than 110% over the past six months.
VN8 has now targeted, recruited, approved and onboarded 45 new Channel Partners in FY19 to date (with the majority being IT and communications managed service providers) and remains on track to add 100 for the year to on June 30, 2019.
These Channel Partners are accelerating growth in VN8’s business by selling its technology suite, including its cloud based PBX and VN8 branded traditional mobile, internet and business phone systems.
VN8 expects to deliver continued strong growth in registered PBX users as its marketing program gains further traction with SME customers across the capital cities of Australia.
Considering the latest Communications Report from the Australian Communications and Media Authority (ACMA) forecast Australian telco industry revenue to grow from $44 million in FY128 to $47 billion by FY22, VN8 continues to see a positive outlook for sales growth moving forward.