Please guys, we have been informed about having Novdea on the books for a long time. In the quarterly from 29/1 the following was said.
Accordingly, the Company expects that full integration between Buddy and Noveda will be complete by the end of Q1, CY2016. Furthermore, the Company expects that as a result of this integration, meeting the first performance milestone (20MM device connections to the platform daily, as documented in the prospectus dated November 3rd, 2015) shall be accelerated by 4-6 months.
Buddy knew the approximate level of data back then, and I had estimated that meant that Noveda was generating between 4 and 5 million device connections per day. Turns out it is 6 (they may have experienced significant growth over the last 3 months).
6 million device connections from one customer is fantastic. In 2 years time if that is 60 million, even better. Billions is dreaming.
BUD Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
