27 April 2021 Hubify takes Strategic Stake in Australian and US based Defence Grade Cyber Company Internet 2.0

Highlights

•  Internet 2.0 provides defence grade cyber security for SMB, SME and Enterprise markets using a combination of proprietary technology and managed services. It’s international customers include the US State Department and Global Affairs Canada.
•  Hubify is strategically investing $0.5M into Internet 2.0 for 4.2% equity. The $0.5M will be reinvested in marketing and sales to drive Hubify’s Cyber Security revenue in Australia.
•  Hubify will also have an option to purchase up to a further $1 million worth of equity at the same value per share as the initial equity purchase (based on achieving revenue targets).
•  The partnership enables Hubify to on sell an affordable market leading defence grade Cyber Security solution to its 7,000 plus SME customers.
•  Under the initial three-year agreement, Hubify will provide Cyber Security hardware and managed services to SME customers with technology supplied by Internet 2.0.

Disc: I hold

HFY acquires QLD telco database from Nethoster, increasing annual EBITDA run rate by 15%    ((Prev United Networks Limited UNL))

Hubify Limited (ASX:HFY) ("Hubify", or the “Company”) is pleased to announce it is acquiring the database assets of Queensland based telecommunications provider, Nethoster, for $800k in cash. The Company expects that this acquisition will add $400k EBITDA (post synergies) and $1m in annualised recurring revenue (ARR) to HFY’s existing earnings base, while also strategically expanding its geographical footprint into the Queensland market. 

Disc: I hold