SFN 0.00% 0.0¢ stanfield funds management limited

P: +61 (8) 6315 3505F: +61 (8) 9481 1947 ManagementCarl...

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    0 P: +61 (8) 6315 3505F: +61 (8) 9481 1947 ManagementCarl ClumpNon-Executive ChairmanPaul DoropoulosExecutive DirectorXavier KrisCorporate DevelopmentJames PearsonNon-Executive DirectorWilliam NgNon-Executive Director Outstanding opportunity to be part of a market leader in digital entertainment systems. Stanfield (SFN.AX) to acquire 100% of Swift Networks Group. Highlights
    • Acquiring Swift Networks and Wizzie TV.
    • FY 2015 Revenues over A$12 million.
    • Proposed transaction priced at 0.4 x revenue.
    • Revenue growth of 56% from January to September 2015.
    • More than A$5 million invested in the business by the founders.
    • Blue-chip customer base, including BHP Billiton, Roy Hill, Bechtel and Alcatel-Lucent.
    Stanfield Funds Management Ltd (ASX:SFN) is pleased to announce that the Company has entered into a Heads of Agreement to acquire 100% of Swift Networks Pty Ltd and Wizzie Pty Ltd (Swift Networks Group).Swift Networks GroupSwift Networks is a Digital Entertainment System business providing fully integrated solutions for the Resource, Hotel, Lifestyle Village and Aged Care sectors. Such solutions include Free to Air TV, Pay TV, Telephony, Internet and Data and Wireless Networks.Wizzie TV is a provider of streaming content from some of the largest Hollywood studios and currently provides this content to Swift Networks’ clients.Based in Perth, Western Australia, Swift Networks began operations in 2008 after being contracted to develop and implement a fully integrated Digital Entertainment System for the mining and resources industry of Western Australia.Swift Networks now has a blue-chip customer base consisting of global and local players such as BHP Billiton, Bechtel, Chevron, FMG, Alcatel-Lucent and Roy Hill. Underpinned by these agreements, the business is successfully leveraging its services into new verticals and geographies.Being the largest provider in Australia in this sector, this feature-rich technology solution has now been welcomed within the Hotel, Lifestyle Village and other sectors to enhance guests’ stay and experience.Wizzie TV is a complimentary service to Swift Networks providing Pay TV live streamed channels. Wizzie TV sources entertainment content via satellite from major Hollywood studios and across the world and has a geographical distribution capability to most parts of the Asia Pacific region that allows opportunity for continued subscriber and geographical expansion.The Swift Networks business to business solution has four key service areas:
    • Entertainment (Television, Pay TV / Wizzie TV, Movies on Demand, Radio, Games and Social Media Applications)
    • Communications (Internet, Wi-Fi, Telephone, Skype, Data)
    • Information (Alerts, Bulletins, Notifications, Custom Content and Videos)
    • Administration (24 / 7 enterprise level Helpdesk, remote Diagnostic tools, Infographics and Analytics, Maintenance and Service Agreements)
    With continued, strong, growth in its traditional markets, significant recurring revenues, the Swift Network Group is perfectly positioned to further expand its operations in the Hotel and Lifestyle Village verticals, in Australia and overseas. Xavier Kris Corporate Development M +61 448 811 337 xavier.kris@stanfieldfunds.com.au
 
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