An interesting fact is that when Buddy first started their business, they were actually competitor with Parse.
Looks like over the years Buddy has decided to exit the market yet now it's back picking up some clients from the old competitor (and seemingly winner in the competition).
Hopefully Buddy is still focus on their original milestone of number of devices connected and traffic volume.
Assuming the company is having some success over the past months in the trade shows attended (Webinar: "our sales team are working overtime etc.." ), hopefully the company came up with this idea of providing Parse service in light of creating some sort of positive cash flow before more revenue can be generated from the main business which is IOT data capturing and processing I guess.
It would be nice if that's the case. It would indicate the management is different from many other tech start-ups who just "wait" there to see the cash pool dry out.
Just sharing some thoughts and always DYOR. Cheers.
BUD Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
