Ann: iCetana secures order with TKH Security for European Bank, page-28

Verce, you make some good points.

With any software like this there is a massive amount of processing power required. Whilst going to a SaaS payment model or opex will provide the reoccurring revenue there will always be a requirement for hardware and that may be a deterrent for customers.

Cloud version eliminates the onsite hardware, still will need processing but will allow it to be a full SaaS offering.

Has there been any movement to develop a cloud version?

I am looking forward to the quarterly activity report and some big announcements.