(reported by the Company)
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.
|ASX Listing Code (if applicable):||NOR|
|Year of Commencement:||2011|
4 Leura Street, Nedlands, Perth WA 6009
|State:||New South Wales, Western Australia|
|Twitter:||Tweets by @norwoodsystems|
|Key Personnel:||Paul Ostergaard, Co-Founder & CEO, David Wilson, Co-Founder & CTO|
|Validated Problem Solver Engagements:||
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2014 WAITTA Incite Awards:
2014 National iAwards
2015 WAITTA Incite Awards
2015 National iAwards
|Current Period Rank:|
|Annual Rank (top 100 ranked companies only):||41|
|WA Annual Rank 2016:||19|
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
Winner at the AIIA iAwards (Business Service category)
Commenced public beta testing of its consumer-focused World Wi-Fi App
Became accredited Veritas Technology Partner, integrating its Corona Compliance platform with Veritas Enterprise Vault
Signed a distribution agreement with RAC Travel Services
WAITTA INCITE award winner - Most effective ebusiness solution
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
Appointed Will Hughs (former chief executive of Telstra Americas and senior vice-president product and design at Telstra) as vice-president Americas
Distribution agreement with global provider of loyalty and engagement solutions, Affinion International
Raised $2.1m rights issue
NOTE: Company News, Milestones and Funding are as collected by Techboard as part of our Monthly Startup Ranking
|Type of capital raise:|