My take on the Parse initiative:
• Buddy and Parse have identical foundations - mobile back-end services
• Buddy pivots towards IoT - focussing on device data rather than app data - still data but different source
• FB buys Parse to beef up its mobile skillsets
• FB achieves astonishing success in mobile via social media and marketing - overshooting any need for Parse
• FB shuts down Parse to focus on various $billion initiatives like Virtual Reality
• Many large corporates on Parse are now wondering where to get their full service app backend serviced / many small players will find cheap solutions elsewhere
• Buddy sees opportunity to takeover Parse backend offering as a means of building relationships with those large corporates - and is happy to see smaller players find something else
• Buddy now has a massive new (and hardwired) sales pipeline for getting a start with those corporates and selling them on to IoT backend services
• Masterstroke!!!!
• Buddy anticipates migration from Parse to Buddy to be loaded toward December 2016 - but the flow will commence from this May
• This is as good as it gets in terms of company building announcements - consider this the first major catalyst of supernormal growth
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Rerate...., page-54
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