Norwood Systems

Company Announcements:
(reported by the Company)
Elevator Pitch:

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.

Category: Telecom, Travel
Operational Status: Active
ASX Listing Code (if applicable): NOR
Year of Commencement: 2011

4 Leura Street, Nedlands, Perth WA 6009

State: New South Wales, Western Australia
Overseas Operations: No
Key Personnel: Paul Ostergaard, Co-Founder & CEO, David Wilson, Co-Founder & CTO
Awards won:

2014 WAITTA Incite Awards:
Corona - Winner New Product Award
Corona - Winner Industry Domain, Financial

2014 National iAwards
Corona - Winner New Product Award
Corona - National Merit Recognition Award Industry Domain, Industrial

2015 WAITTA Incite Awards
World Phone - Winner New Product Award
World Phone - Winner Consumer Category

2015 National iAwards
World Phone - Winner Consumer Category

Current Period Rank:

Annual Rank (top 100 ranked companies only): 41

WA Annual Rank 2016: 19


    January, 2018

    Secured contract to supply smart phone services to US-based investment bank JMP Securities

    Launched new app for easily discovering and accessing Wi-Fi networks on the Apple iOS App Store

    Released an updated version of its virtual mobile telephony app, World Phone

    September, 2017

    Winner at the AIIA iAwards (Business Service category)

    Commenced public beta testing of its consumer-focused World Wi-Fi App

    August, 2017

    Became accredited Veritas Technology Partner, integrating its Corona Compliance platform with Veritas Enterprise Vault

    July, 2017

    Signed a distribution agreement with RAC Travel Services

    June, 2017

    WAITTA INCITE award winner - Most effective ebusiness solution

    April, 2017

    Signed a sales agreement with CommSys to provide them with comms services, with an annual recurring revenue value of $300k

    Finalists in the WAITTA INCITE Awards 2016-17 (Most Effective eBusiness Solution)

    Named as one of Westpac's 200 Businesses of Tomorrow

    March, 2017

    Appointed Will Hughs (former chief executive of Telstra Americas and senior vice-president product and design at Telstra) as vice-president Americas

    January, 2017

    Distribution agreement with global provider of loyalty and engagement solutions, Affinion International


    April, 2017

    Raised $2.1m rights issue

Company News:

NOTE: Company News, Milestones and Funding are as collected by Techboard as part of our Monthly Startup Ranking

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