Ann: Supporting Information to recent Rizon Group Deal, page-2

Buddy Platform Offers Supporting Information to
Recently Announced Rizon Group Deal
SUMMARY
• At the request of ASX, Buddy Platform provides additional information and details to the
Company’s market release on 9 November 2017, “Rizon to become Reseller, Distributor
and Installer in UK”
• Rizon Group is managed by principals and directors with a strong record of success in
the United Kingdom across telecommunications, cloud services, datacentre and
technology infrastructure
• Recent success of Rizon Solutions and Rizon Associates, and the recent creation of Rizon
IoT Inc., led to the creation of Rizon Group, an umbrella organization that is able to
capture the total market opportunity across these individual businesses
• Buddy’s market cleansing obligations led to an accelerated timeframe for disclosure and
rollout of the Rizon IoT and Buddy Platform partnership.
4 December – Adelaide, South Australia
Buddy Platform Limited (ASX: BUD) (“Buddy” or the “Company”), the Internet of Things (“IoT”)
data management, processing and control platform, today released supporting information of
the recent Rizon Group agreement and announcement, as requested by the ASX.
The principals of the Rizon Group, Nick Bowers and Kevin Styles, have a long and successful
history working in the United Kingdom’s telecommunications, cloud services, datacentre and
technology infrastructure market. Their individual & combined experience led them to partner
and create two complementary businesses:
• Rizon Solutions - a technology consultancy focused on project management, and
providing managed services
• Rizon Associates – a skills and resources provider.
Rizon Solutions has built a strong clientbase early in the life of the business specifically with
fleet and logistics providers, and as a system integration partner for customers in the
pharmaceutical, construction and health sectors.
As the business became successful, opportunities and partnerships grew, and new products
and services were released, it became clear that a larger umbrella organization was needed.
This led to the creation of The Rizon Group (www.rizongroup.co.uk), a parent organization that
now includes a new entity, Rizon IoT Limited. Over the next six months, Rizon Group will also
come to include Rizon Solutions and Rizon Associates in the same structure, with Rizon Group
owning majority shares in the subordinate businesses.
Nick Bowers and Kevin Styles have maintained involvement throughout the growth of the
organization. Recently Lee Atkinson and John Nolan, previously working as consultants and nonexecutive
board advisors for the organization, have joined as executive directors of Rizon
Group.
Due to market cleansing requirements relative to the recent capital raise, disclosure of the
Rizon Group agreement was accelerated, reducing the ability to have a formal, clean launch of
products and services between Rizon Group and Buddy Platform. One clear example of this
impact was the Rizon IoT Limited website, which is slated for release in the coming weeks. The
website and supporting marketing and business efforts are in full stride, and appropriate
milestones and progress will communicate to market. Accordingly, the existing Rizon IoT
website should not be an indicator of deal opportunity, health or status.
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