Few will understand the importance of this. No hard numbers and CVT can't release re-seller agreement details. So it's tricky. We will see revenue build in the 2016 quarterly's.
It's pretty easy to read between the lines though - $20 EUR per employee. They have access to the top 400 European enterprises and a further 7,000 medium - large business = 6m staff.... For this deal alone...
This is probably the most important thing to absorb IMO...
“Covata, being an Australian licensed product to a European hosted MSP holds strategic advantage over US based software security companies in the European market. Put simply, European companies are increasingly wary of US domiciled companies and cloud services due to the geo-political business fallout resulting from the NSA PRISM program. This service is what many European companies have been waiting for to shift to cloud file sharing.”
A big macro trend that blocks and hinders US company's operating in Europe... CVT with a superior product to service them... Yes please.
I don't think we'll get to $2, we'll be taken over well before that.
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