new securities firm desk note on BUD
Good morning,
Great news out from Buddy Platform (BUD:ASX) – Largest Distribution Deal to Date!
- Nationwide resale and distribution agreement with Ingram Micro Canada for Buddy Ohm
- Part of NYSE-listed Ingram Micro Inc, thelargest distributer of technology products in the world
- Bundled pricing is structured to driveup to 4X more revenue than prior reseller deals
- Rev to commence Q3 2018
- Expected to generate$20m+ revenue over 3 years
This is huge, and is comparable to BUD’s Caribbean / Central America market opportunity. It is further validation of the strong demand for the Buddy Ohm product. The partnership with the Canadian arm might open opportunities with Ingram Micro’s global business of 160 countries and 200,000 resellers
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- Ann: Largest Distribution Deal Signed with Ingram Micro Canada
Ann: Largest Distribution Deal Signed with Ingram Micro Canada, page-23
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