Vonex extends reach in multibillion-dollar Australian telco market
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
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.
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.