Norwood Systems (ASX:NOR) receives WAITTA INCITE award for Most Effective eBusiness Solution

Company Name: Norwood Systems

Announcement Date: 21/06/2017
Announcement Category: Awards/recognition
Announcement Content:

Norward Systems (ASX:NOR) is pleased to announce it is the winner of the WAITTA Incite award for the Most Effective EBusiness eBusiness Solution for the Company’s Corona Compliance Management service. This marks their fifth WAITTA Incite Award in four years.

Corona Compliance Management allows businesses in highly regulated industries, such as financial services, to automatically enter text messages sent between their employees and clients into the leading corporate compliance platforms. This provides previously unavailable enterprise wide integration of core mobile voice and messaging services into corporate compliance and CRM systems.

The Incite Awards showcases ICT innovation and excellence across 10 awards – recognising individual achievements, product innovation and project excellence. WAITTA is the Western Australian Information Technology and Telecommunications Alliance. The Alliance has a non-political agenda and started in 1991 with the intention to recognise outstanding performance and contributions by members of the ICT community in Western Australia. The acknowledgment of the work these people do, and their contribution to the strength of the overall digital economy, in Australia, is a vital element in ensuring ICT innovation is nurtured and encouraged.

The Incite award was received for CORONA Corona Compliance Management in the “Most Effective EBusiness eBusiness Solution” category, which recognises outstanding ICT solution created in WA that is used to improve transactional processes. Organisations in the Finance, Resources and Healthcare sectors are subject to regulations regarding the retention of communications including text messages which currently cannot be systematically recorded and archived. The Corona Compliance Management solution enables businesses and public-sector bodies to achieve compliance by capturing and retain SMS messages and voice call data for communications between their staff and customers, clients and patients.

The judges take into account the degree of innovation in reference to uniqueness, complexity and creativity.

This is not the first time Norwood has won an Incite Award – in fact it is the fifth. Previous awards have been received twice for Corona Cloud in 2014 in the New Product Category - Development Domain and the Industrial Category - Industry Domain and twice for World Phone in the 2015 for the Product Domain and Society Domain Consumer categoriesy. Additionally, in 2016 World Wi-Fi was runner-up in the Most Disruptive Innovation category and represented WA at the National iAwards.

Norwood Systems CEO and founder, Paul Ostergaard commented:

“I am extremely proud to accept the Incite Award for our Corona Compliance solution. I was also delighted to be able to accept the award in person at the WAITTA ceremony in Perth on the 16th of June.

“Our Corona Compliance solution has been specifically designed to meet the needs of firms in regulated industries such as Financial Services, Resources, and Healthcare. This award - as well as the customer trials about to commence – validates our strategic decision to invest in new products and services to meet the needs of an under-served category.

“I know that my team have all worked extremely hard to get us to this point, and while this award is due recognition of all their efforts, they know that the job is not done and they remain focussed on ensuring Norwood is able to successfully support the needs of our global customers.”

Announcement URL:
About Norwood Systems:

Norwood Systems provides voice, messaging and data services to consumers, enterprises and carriers globally, leveraging its’ federated telecommunications services network partnerships.

Our mission is to deliver disruptive end-user communications apps that streamline and simplify how users around the world can access affordable, high-quality telecommunications services – anywhere, anytime.

Norwood has product lines that service the B2B, B2C and B2B2C markets.

Business products are branded Corona and include on-premise and cloud versions of the platform aimed at delivering corporate connectivity to businesses in Australia and globally.

For Consumers, Norwood has launched World Phone for both iOS and Android to tremendous globally success and has announced and is testing two new apps - World Message and World WiFi.

The third market segment, B2B2C, is the part of Norwood’s business that deals with global telco carriers. Concerned by the impact of OTT apps and services on their business, they are increasingly looking for partners to provide these services to their customers in a consistent and coherent manner.

Norwood Systems listed on the ASX in June 2015 via a reverse listing process and trades with the stock ticker NOR.

Go to Company Profile for: Norwood Systems

Announcement Contact: [email protected]

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