The Gruden Group (ASX: GGL)
The mobile technology ecosystem is forecast to generate over $1.5 trillion in revenue next year.
That is not surprising if you think about it for even half a second and come to realise how pervasive mobile technology is.
Companies such as Uber, Menulog, Betfair, along with some of the biggest organisations in the world, are all part of this mobile ecosystem, engaging clients and facilitating transactions to the point where most people hardly even realise they’ve transacted.
One well established digital technology company, with clients including Starbucks, Red Rooster, Mad Mex and Oporto, just listed on the ASX.
Whilst it is new to the ASX, this ASX company generated revenues of approximately $13 million in FY16, and is well equipped to expand this over the coming months and years.
This company is more than just mobile though, and is also delivering digital services to blue chip companies such as Accor and Betta Electrical, and Australian governments.
This ASX stock has four business units in all, including digital services, performance marketing, government technology and mobile – all designed to help corporations, brands and governments to better attract, understand, engage and transact directly with customers.
It has the technology and platforms to expand its offering globally and first has its sights set on the Asian mobile marketplace estimated to be worth over US$600BN.
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With over $5M in the bank at the end of the 2015/16 financial year, the company is well funded to not only expand its services and products into international markets, but also attract even more big clients to add to its already impressive list.
This company is now looking to tie up global strategic partnerships whilst fast tracking its revenue streams in order to turn its experience into a better valuation.