Digital security brood limited Australian listed company told shareholders on Thursday that it has signed an agreement with Cisco that would see the creation of networks of license NASDAQ listed company times its products and technology platforms based on a software-as-a-service.
While the value of the contract was not disclosed, brood said the agreement is 10 years for a minimum period of four years, while the revenues received from customers using paa4sure Cisco exams dumps products and technology platforms brood will be shared between the two companies.
The agreement is an important step in the expansion strategy of brood to build its profile in the United States, after completing a reverse-recovery agreement last year allowing the list on the Australian Securities Exchange (ASX).
Laying, emerged at the beginning of its wholly owned subsidiary based in Sydney Cocoon Data Holdings, a listed company in November last year after collecting $ 15 million a UA offer shares sold.Founder and CEO brood Trent Telford, who moved to the US to help oversee the company's expansion in North America, said that the new agreement with Cisco validates the company's technology and highlights its potential.
For over three decades, Cisco has been a pioneer in the field of computers, and we are excited to work with them to bring a new component of the security service to its clients worldwide, Telford told shareholders. This agreement is a monumental milestone for the company in terms of validation of the technology and the company's ability to provide world-class offerings.
We are building a team to focus on supporting strategic path of Cisco in the coming years, and we look forward to working with them on future initiatives, said Telford.Covata told shareholders that made the Cisco product and the initial commitment of customers started.
In February, the company revealed in its interim results that the expenses arising from the backdoor listing on the ASX left with a loss of $ 14.7 million UA for the six months ending December 2014.
Laying said expenses for the six months came to AU $ 15600000 nearly triple AU $ 5.6 million was incurred for the same period last year.He said some AU $ 0.21 million of revenue for the six month period, a decrease of counting income AU $ 0.25 million the previous year for the same period.
