Yep,more investments like this ,thks grubarura.
tls takes a majority stake in the co and leaves incentive for the founders to continue to grow the business.
a couple of quotes from neto ceo,from 'telstra acquires e-commerce platform neto'.
from article after tls takes majority stake neto ceo's comment on tls investment 'I like to think of it as neto on steriods'.another quote 'it will accelerate our development'.
tls took neto position in june 2015,penn became ceo feb 2015,i guess penn responsible.
appears another tick for penn.
appears tls is learning,take a position in these co's but leave plenty of incentive for founding members to continue to grow the businesses.
Neto wins Best eCommerce Platform, page-2
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