STRATATEL LIMITED (ASX: STE) Profitable recurrent revenue business model Market cap $6.7 million Issue 191m Cash $3.2m No debt Provider of specialised business software solutions and services. Core business is cloud based telecommunications expense management (TEM) solutions Strategic partnership with Optus in Australia Joint Venture with Major South African Telco Professional Services Consulting, specifically in IBM products and cloud computing.
Stratatel has entered into a Heads of Agreement to acquire JCurve Solutions which have Exclusive software license acquired from Netsuite INC an $8Billion Cloud company which has just established itself as the Global No.1 cloud-based financials/enterprise resource planning (ERP) software company Netsuite offer “must have” software in the “cloud” for all business.
Jcurve has 500 clients of which 50% or 250 were acquired in 2013 thats substantial growth Jcurve expects significant growth as a result of the release of its new GO product Which is expected in this Quarter. Growth in this market is huge especially when tethered to Netsuite. Netsuite NYSE (N) 24 month chart
Independent global analysts Gartner say cloud market to grow from US$15 billion to $150 billion per annum globally in the next 5 years
NetSuite have agreed to transfer the term of the International Reseller Agreement to Stratatel and extend the license for a further period of 3 years.
Stratatel has been inderpendantly valued at $8.7m to $11.5 million before acquasition or 4.6c-6.0c Combined group valued at $9.9m-$12.8million
