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
BUD Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held