Featured Company /
DigiMax Global Solutions
Every minute of every day, companies of all sorts are collecting user and market data, subsequently plugging that data into ever-changing algorithms to create the most advanced and precise advertising campaigns possible. Do you think Google or Facebook became the juggernauts that they are because of searches or sharing of memes? No, they scaled on data collection. This is the age of Big Data and advertising and those digital tracks that everyone leaves behind are extremely valuable.
The technological processes are getting more and more complex, giving rise to the advent of Analytics as a Service (AaaS), with North America spearheading global market growth.
According to Allied Market Research, the global AaaS market was valued at $9.62 billion in 2018, and is projected to reach $126.48 billion by 2026, registering a CAGR of 38.1% from 2019 to 2026. While extremely large and rapidly expanding, the market remains highly segmented and bifurcated, leaving abundant opportunities for smaller companies to capture market share by focusing on certain segments.
From its headquarters in Toronto, Canada, DigiMax Global Solutions (CSE:DIGI) is the first company in the Digital Security Token (DST) space to be both publicly listed and own a registered securities dealer. Recently, DigiMax diversified its portfolio through the acquisition of DataNavee Corp. as a wholly owned subsidiary, which thrusts the company into the thick of the AaaS market too.
A security token is a financial asset that can represent ownership or a right to just about anything, although it is typically a part of revenue, profits or equity. In this arena DigiMax has a global footprint via partnerships in the U.S., Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta.
The popularity of security tokens not only stems from the specificity of what they can be dedicated for, but also because they represent an opportunity for both the issuer (a company) and the investor to capitalize. For one, the business can raise capital through security tokens without all the headache of an IPO and incessant regulatory expenses. The public issuer still has a responsibility for reports and transparency, but a security token is far less onerous.
Investors can win because most security tokens are business-based and structured on revenue, not profits, so they can get a dividend much faster. Furthermore, investors can also receive an equity conversion right away that can be realized as stock should the company eventually go public.
As that industry matures, the acquisition of DataNavee gives DigiMax a new look and opportunity to provide economical next-generation AaaS solutions for small-to-medium enterprises (SMEs). DataNavee understands that SMEs don’t have the resources of large industrial companies to spend billions of dollars on in-house data analytics to predict outcomes, improve margins and contain costs. SMEs simply don’t have the cash for the high cost of entry or subsequent overhead to maintain, which causes them to fall further behind bigger competitors.
That’s where DataNavee comes in to assist the tens of thousands of SMEs fighting for market share. Through its proprietary technology and a simple subscription model, DataNavee provides actionable business predictions without the need for in-house programmers and developers.
The process is straightforward, initiated by the customer providing assumptions and some industry description to DataNavee. DataNavee then utilizes its cloud-based matchmaking Artificial Intelligence (AI) / Machine Learning (ML) engine to analyze the data and give the client business valuable analytics-based, predictive data that can be used to grow sales, reduce wasted resources and improve efficiencies in product and service delivery.
Amongst other things DataNavee's AI / ML and predictive technology concentrates on delivering solutions for common business issues, including:
• inventory requirement predictions to help maintain optimal inventory levels
The initial thrust is to target businesses in retail, healthcare and financial services, but there’s realistically no borders to geography or market that DataNavee can’t serve.
DigiMax just closed on the all-stock acquisition of DataNavee on September 18. The company picked up DataNavee for just 55 million shares of DIGI, a steal that underscores DataNavee shareholder’s seeing a strong potential for share appreciation going forward. Fully diluted once the share payout transpires over the next year, DIGI still has a market capitalization of only approximately C$5.0 million (US$3.74 million) with shares trading at C$0.04 currently.
DIGI management, which is headed by founder and serial entrepreneur Chris Carl, is expecting the merger to jump start revenue and profitability as a primary new business for the company. In support of the sales efforts, the company last month closed a private placement raising an aggregate of $440,000, selling 8.8 million shares at 5 cents each along with a warrant to buy another common share at 5 cents within 24 months from closing.
It is well publicized that the COVID-19 pandemic has been brutal on SMEs, but as restrictions begin to relax, DataNavee should be in an optimal position to meet demand as companies once again vie for customers. The acquisition and the move into AaaS (which certainly could be considered Software-as-a-Service (SaaS) as well) appears very well timed by DigiMax.
If coronavirus taught businesses one thing, it is that they must maximize return on every dollar being spent. That is where DataNavee returns value, trumpeting its technology for its robust, real-time functionality at – in the words of Carl – “at an incredibly low-cost for businesses.” This means that for the first time, SMEs can finally have access to technology that typically was only available to deep-pocketed Fortune-500-sized peers.
That bodes well for demand during Q4 and into 2021 for this upstart that admittedly remains on the active lookout for additional bolt-on acquisitions that can result in accelerated growth.
Corporate Snapshot:
DigiMax Global Solutions
Stock Symbol:
CNX
Stock Exchange:
CSE
Sector:
Technology
52 Week High:
$0.0800
52 Week Low:
$0.0100
Current Stock Quote / Chart / News: Click here
Information as of
September 29, 2020
Every minute of every day, companies of all sorts are collecting user and market data, subsequently plugging that data into ever-changing algorithms to create the most advanced and precise advertising campaigns possible. Do you think Google or Facebook became the juggernauts that they are because of searches or sharing of memes? No, they scaled on data collection. This is the age of Big Data and advertising and those digital tracks that everyone leaves behind are extremely valuable.
The technological processes are getting more and more complex, giving rise to the advent of Analytics as a Service (AaaS), with North America spearheading global market growth.
According to Allied Market Research, the global AaaS market was valued at $9.62 billion in 2018, and is projected to reach $126.48 billion by 2026, registering a CAGR of 38.1% from 2019 to 2026. While extremely large and rapidly expanding, the market remains highly segmented and bifurcated, leaving abundant opportunities for smaller companies to capture market share by focusing on certain segments.
From its headquarters in Toronto, Canada, DigiMax Global Solutions (CSE:DIGI) is the first company in the Digital Security Token (DST) space to be both publicly listed and own a registered securities dealer. Recently, DigiMax diversified its portfolio through the acquisition of DataNavee Corp. as a wholly owned subsidiary, which thrusts the company into the thick of the AaaS market too.
A security token is a financial asset that can represent ownership or a right to just about anything, although it is typically a part of revenue, profits or equity. In this arena DigiMax has a global footprint via partnerships in the U.S., Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta.
The popularity of security tokens not only stems from the specificity of what they can be dedicated for, but also because they represent an opportunity for both the issuer (a company) and the investor to capitalize. For one, the business can raise capital through security tokens without all the headache of an IPO and incessant regulatory expenses. The public issuer still has a responsibility for reports and transparency, but a security token is far less onerous.
Investors can win because most security tokens are business-based and structured on revenue, not profits, so they can get a dividend much faster. Furthermore, investors can also receive an equity conversion right away that can be realized as stock should the company eventually go public.
As that industry matures, the acquisition of DataNavee gives DigiMax a new look and opportunity to provide economical next-generation AaaS solutions for small-to-medium enterprises (SMEs). DataNavee understands that SMEs don’t have the resources of large industrial companies to spend billions of dollars on in-house data analytics to predict outcomes, improve margins and contain costs. SMEs simply don’t have the cash for the high cost of entry or subsequent overhead to maintain, which causes them to fall further behind bigger competitors.
That’s where DataNavee comes in to assist the tens of thousands of SMEs fighting for market share. Through its proprietary technology and a simple subscription model, DataNavee provides actionable business predictions without the need for in-house programmers and developers.
The process is straightforward, initiated by the customer providing assumptions and some industry description to DataNavee. DataNavee then utilizes its cloud-based matchmaking Artificial Intelligence (AI) / Machine Learning (ML) engine to analyze the data and give the client business valuable analytics-based, predictive data that can be used to grow sales, reduce wasted resources and improve efficiencies in product and service delivery.
Amongst other things DataNavee's AI / ML and predictive technology concentrates on delivering solutions for common business issues, including:
• inventory requirement predictions to help maintain optimal inventory levels
The initial thrust is to target businesses in retail, healthcare and financial services, but there’s realistically no borders to geography or market that DataNavee can’t serve.
DigiMax just closed on the all-stock acquisition of DataNavee on September 18. The company picked up DataNavee for just 55 million shares of DIGI, a steal that underscores DataNavee shareholder’s seeing a strong potential for share appreciation going forward. Fully diluted once the share payout transpires over the next year, DIGI still has a market capitalization of only approximately C$5.0 million (US$3.74 million) with shares trading at C$0.04 currently.
DIGI management, which is headed by founder and serial entrepreneur Chris Carl, is expecting the merger to jump start revenue and profitability as a primary new business for the company. In support of the sales efforts, the company last month closed a private placement raising an aggregate of $440,000, selling 8.8 million shares at 5 cents each along with a warrant to buy another common share at 5 cents within 24 months from closing.
It is well publicized that the COVID-19 pandemic has been brutal on SMEs, but as restrictions begin to relax, DataNavee should be in an optimal position to meet demand as companies once again vie for customers. The acquisition and the move into AaaS (which certainly could be considered Software-as-a-Service (SaaS) as well) appears very well timed by DigiMax.
If coronavirus taught businesses one thing, it is that they must maximize return on every dollar being spent. That is where DataNavee returns value, trumpeting its technology for its robust, real-time functionality at – in the words of Carl – “at an incredibly low-cost for businesses.” This means that for the first time, SMEs can finally have access to technology that typically was only available to deep-pocketed Fortune-500-sized peers.
That bodes well for demand during Q4 and into 2021 for this upstart that admittedly remains on the active lookout for additional bolt-on acquisitions that can result in accelerated growth.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. DigiMax Global Solutions has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause DigiMax Global Solutions's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
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