IWG 0.00% 4.0¢ iwebgate limited

Ann: Capital Raising, page-41

  1. 639 Posts.
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    The new product, which TLS have signed up with, is in the process to being rolled out and sold. The last qtrly had some small revenues, which I assume is from these legacy clients that use the technology and are being billed for it. Scaling that update was hard, hence why they made the new update. SOHA is different and cant be scaled like IWG can.
    My understanding is the team realized the old logo and they way they were trying to sell wasn't the most efficient way to optimize sales, hence Launchpad was developed. People are using IWG technology like Signature and their clients, Siganture can't service their clients without the IWG security. So people are using the technology, just the new product people will begin to use..quickly I would assume. A lower cost cyber security option that can be deployed in minutes is an appealing product to sell to organisations. This is all my interpretation, hence why I am long and will continue to be.
 
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