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VTX Holdings: NexGen app to deliver ultra-fast mobile VPN

Published: 10:00 14 Sep 2015 AEST

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VTX Holdings (ASX:VTX) will soon be known as NexGen Networks post the finalisation of a reverse takeover, and NexGen has been making significant market opportunity and technology advancements recently.

NexGen is poised to deliver world’s fastest mobile Virtual Private Network (VPN) solution through proprietary networking technology built into the NexGen app to offer increased speeds and lower data consumption.

Notably, this will include privacy protection and geographical masking capabilities of VPN technologies.

The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.

There is a significant market opportunity with up to 410 million VPN users globally, which is forecast to top US$81 Billion in revenues by 2016 (Global Web Index).

The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage

NexGen director, Keaton Wallace, commented:

“Providing an additional capability within the NexGen application has significantly expanded our target market to include the rapidly growing VPN sector.

"As consumers demand the ability to access content available outside of their country VPNs have seen a substantial amount of demand.

"As this demand continues to grow NGN is well positioned to take advantage of this trend.

"Our ability to also provide a superior user experience with increased speeds and lower data consumption will set us apart from existing VPN providers in the market, which typically have lower performance.”


Privacy Benefits

NexGen said that the app is positioned to take advantage of the rising demand for video content, which is driving the increase in data traffic.

A key benefit for NexGen customers would be the ability to utilise the privacy benefits of a VPN without the performance loss typically associated with these services.

That is, users accessing Netflix and other video streaming service providers can actually improve their speed and quality experience whilst reducing their data consumption.


Analysis

With the global VPN services market expected to top US$81 Billion by 2016 the potential for the NexGen platform and offering is considerable.

NexGen continues to refine its monetisation strategy with further research in the sector to establish a compelling offering for both consumer and enterprise markets.

Application are on schedule to launch with VPN feature included November 2015 on the Android OS and on iOS in December.

Transaction update:


The VTX acquisition of NexGen is still subject to the receipt of shareholder approvals and the company expects to lodge a Notice of Meeting in this regard in the coming weeks.

 

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