iWebGate Limited (ASX:IWG) has launched into the cloud with Telstra (ASX:TLS) after signing a landmark agreement with Telstra Online Services Agreement (TOSA).
The company's revenues are expected to grow from the arrangement from May 2015.
iWebGate’s technology has now been deployed successfully on Telstra infrastructure, which is consistent with the company's go-to-market strategy.
The company is also currently integrating its’ Virtual Services Platform (LaunchPad) and affiliated product features into the Telstra Apps Marketplace which will enable efficient and wide distribution to Telstra’s existing and potential customers.
iWebGate’s technology totally disrupts the supply chain model, empowering cloud and network connectivity providers to now receive additional revenue and strengthen customer retention by providing many more as-a-Service solutions.
European patent granted
iWebGate was recently advised that the European Patent Office accepted the company’s European Complete Standard Patent Application entitled “System and Method for Multiple Concurrent Virtual Networks” for grant as a patent.
This patent approval compliments the company's patents portfolio in the United States, Australia and China.
iWebGate was added to the All Ordinaries Index March 2015 Quarterly Rebalance.
The company had over $1.6 million in cash at the end of March 2015.
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