100%, I think you are spot on.
RE the discussion that was happening on competitors...
- The #1 competitor is Unily
- Unily attracted $68m in funding from Silversmith Capital Partners and Farview Equity Partners in Jun 2019
- They have an ambitious international growth strategy
- They are British based
- Unily achieved 60% YoY growth for the last 2 financial years (slower growth than LVT)
- Unily was founded in 2005 compared to LVT in 2014
- Unily employs 120 people
- Unily has a portfolio of FTSE 250 and Fortune 500 clients spanning a diverse range of sectors including financial services, aviation and FMCG and big brands such as McDonald’s, British Airways, Mars, Shell, Cathay Pacific, Microsoft and L’Oréal.
- Both companies will no doubt be extremely successful
Market growth for digital workplaces is expected to be from $13.4bn in 2018 to $35.7bn by 2023 globally according to MarketsandMarkets™.
We are at a mere 1.3% market penetration at the moment. There is enough pie here for more than one very successful company.
T.E.P.
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