Over the past 3 weeks, I’ve reviewed many H/C posts and met with iwebgate directly. The results are disturbing.
Hoyta, there are many similarities between you and DMc (aka Colt, BigLuck, Hot Kuokka). All your comments listed in H/C focus solely on iwebgate. Next, just like your friend DMc, I’ve discovered your posts are terribly inaccurate. The most recent post is no exception.
When I met with iwebgate, I saw developments built specifically for Telstra. This included most recent versions of the VSP and VIN. Iwebgate’s products were not how you described. The user interfaces were modern looking. The product took a complex issue and made it really simple like establishing remote desktop access, proxy exchange and sharepoint, implementing VLANs across private and public networks – very impressive. The images depicted on iwebgate’s website reflect the actual product.
Your friend DMc highlights a potential competitor called Soha. They have 11 customers in total. Apart from Soha having a fraction of iwebgate’s capacity, commercially I see Soha needing to worry about big IaaS providers like Telstra (who iwebgate equip) versus iwebgate worrying about Soha’s hosted solution.
On 02/03/2015 you stated, “I work on the front line and don’t detect unhappiness with VPN. The whole world uses it, and has done so for years. It’s very secure, works well, and is embedded into countless network products and devices. Who intends to move away from it?”
If there are no VPN problems, why does Soha publish a paper titled “VPNs Aren’t as Secure as You Think”.
Here’s another 2014 article titled “VPNs at the root of Home Depot data breach (
https://www.securelink.com/securelink-blog/vpns-root-data-breach/).
In my search I found a plethora of references. Here’s another article on major VPN vulnerabilities (
http://www.itnews.com.au/News/399086,the-crypto-protocols-even-the-nsa-can8217t-crack.aspx) – information in this article relating to VPN issues are devastating and the problem appears to be getting worse.
Your ICT credibility went down the drain from this point.
Now lets talk money. A quick background check shows Soha raised US$9.8m in April 2015 via Series-A funding from Moment Ventures, Menlo Ventures, Cervin Ventures and Andreesen Horowitz. These are some of the world’s largest VCs showing interest in cloud-based DMZs (
https://www.crunchbase.com/funding-round/f6edef2ce1e03535c74cfd55761cbd85). Andreesen Horowitz and Menlo Partners plus Telstra engagement screams market validation to me – but apparently you’re the expert.......on everything.
News flash, when it comes to investment in ICT, successful VCs continue fueling their portfolio companies with more funds in the form of Series-B, Series-C, Series-D etc even when the companies are making losses because the objective is to get territory. History continues to demonstrate how successful VCs stimulate growth and value in ICT businesses (Amazon, Twitter, Facebook just to name some).
Reasonable to assume Soha’s revenues would be horrific. In comparison, iwebgate raised A$5m (US$3.75 – that’s US$6.05m less for you) in December 2014 on the likely basis they needed to deal with investment methodologies like yours in the Australian market. If iwebgate has to go back to market to raise more market, so be it.
In your second H/C post on 11/02/2015 you stated, “I don’t have much money to invest, but I know ICT and I’ve gotta start somewhere”.
Total laughing matter is the fact you worry about iwebgate’s revenue but you have NO money to invest in any stock.
How you expect anyone to take you seriously? Along with your ICT "knowledge", I wonder if “working on the front line” (posted by you on 02/03/2015) means driving around in a lada to go and fix old peoples’ computers for meatballs.
Then suddenly on 17/03/2015 you turn from ICT and investment guru to patent expert stating “anyone in the industry will tell you the patent system is not fit for purpose, especially when it comes to software”.
I also spoke with iwebgate in reference to their granted patent (VIN). They stated, “the idea is similar to multiplexing but multiplexing was for serial port communications and only allowed for a single point-to-point transmission of combined communications”. If you read iwebgate’s patent properly, it demonstrates this is not what iwebgate is doing.
Iwebgate also stated Ric Richardson (Uniloc, successfully sued Microsoft for 100s of $million around 2011 – is this what you mean by “not fit for purpose”) was instrumental in their patent process. Mmmmm Ric Richardson proven patent expert (
https://en.wikipedia.org/wiki/Ric_Richardon) versus pretend ICT/investment/patent dude?
On 27/02/2015 you stated “iwebgate can’t find any resellers”. Then iwebgate comes out in May announcing it’s working with Telstra!
On 02/02/2015 you also stated “the VSP product is mostly a standard open source software setup”. Another inaccurate and misleading post. I witnessed things like proprietary bridging services, licensing systems, mobile containers, integration of one of the world’s most popular RDP/VNC clients and the VIN, which has been granted patents in Australia, Europe and the US.
In summary, it is evident you’re NOT an ict, investment or patent expert so you should stop pretending. You’re just disgruntled like your friend DMc.
My guess is you’re an ex employee or potential service provider that didn’t meet the standards of iwebgate, who is focussed on working with organisations like Telstra Corporation.
