I realise that, as the sob stories roll in, my defiance may be poorly tolerated this evening, but I’ll allow myself more air time.
I hope everyone has read the announcement? It specifically states that the targets were met including quality metrics as determined by CBA.
It sounds like the sticking point was ‘corporate negotiations with CBA’ rather than ‘Intiger’s product is defunct’. It doesn’t sound to me as if even the intelligent users of Hot Copper have actually made this important distinction, seeemingly cognitively incapacitated with a contagious cyber woe?
There could also be advantages of not signing a deal with CBA. In discussions with others on Hot Copper, I honestly never really got a good idea of what a corporate agreement could look like with CBA. I couldn’t see why CBA wouldn’t want to swallow up Intiger for itself after customising the product for its own use.
I have often thought that signing a binding contract with CBA or other Tier 1 institutions could actually harm Intiger. Surely a CBA customised product is less appetising for the likes of Westpac, NAB, ANZ etc? Would binding agreements reduce Intiger’s flexibility and ability to pivot to the demands of other institutions?
I’ve often thought that Intiger should maintain its autonomy and self ownership. I was worried that GJ would flog Intiger to CBA. Perhaps the recent announcement is an indication that Intiger will maintain its own independence in the face of a mighty giant that wants to engulf it. This is smart resilience.
Does anyone realistically believe that CBA have suddenly ceased talks with Intiger after 3 years?
Does anyone realistically believe that CBA have suddenly declared Intiger’s software to be defunct after Intiger met all targets?
I would agree that, from a corporate model perspective, Intiger may have to get back to the drawing board, especially if they’ve dedicated “99% of energy towards CBA” in the last 18 months.
But to me, the evidence suggests the software is quality and is ready, the offices are staffed and Boom is ready to well, Boom.
WB
IAM Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
