Sign up Australia
Proactive Investors - Run By Investors For Investors

Simble Solutions secures primary Australian distributor deal for energy platform with Synnex

The Simble Energy Platform is the only Internet of Things (IoT) enabled energy management platform vendor available to Synnex.
Internet of Things graph
Agreement marks the transition to a sales focused SaaS business

Simble Solutions Ltd (ASX:SIS) has secured Synnex Australia as the primary distributor of its Simble Energy Platform to its network of 6,000 resellers in Australia.

Synnex will also provide and manage all purchase orders from Simble’s channel partner network.

The agreement allows for Simble to be the only Internet of Things (IoT) enabled energy management platform vendor available to Synnex.

Simble Energy Platform will be sold as a bundled software and hardware solution in three-year contracts, paid upfront.

“A game changer”

The company’s CEO Fadi Geha said: “This agreement is a game changer and concludes our transition from an R&D focused early stage technology company to a sales focused SaaS business.

“We are delighted to be chosen to supply our products through Synnex’s multi-billion-dollar network alongside globally respected technology brands like HP, Intel, Samsung or Microsoft.

“Synnex’s extensive distribution network and world-class facilities will accelerate the commercial rollout of our IoT energy management solution.”

Real-time software solution

The Simble Energy Platform or ‘SimbleSense’ is an integrated hardware and real-time software solution that enables businesses to visualise, control and monetise their energy systems.

Sales and marketing activities will begin immediately as Synnex and Simble prepare for joint marketing initiatives to drive sales of the Simble Energy Platform.

Synnex CEO Kee Ong said: “The Internet of Things is one of the fastest growing industries in the world and 50 billion connected devices are set to hit the market by 2020.

“Simble’s IoT energy management platform is a value-added solution that will allow us to bring the Internet of Things to our partners.”

View full SIS profile View Profile

Simble Solutions Ltd Timeline

Related Articles

oil barrels
April 26 2018
If the appraisal well is successful it could potentially be brought online as part of an early production scheme
Oil and gas workers
April 18 2018
Tapi Aike, located in the Austral basin, was one of most hotly contested blocks when it was put out to tender
oil and gas operations
January 30 2018
Chief executive Matthew Idiens described the initial seismic results as “a watershed moment” for Rose

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use