Netlinkz defines competitive positioning after another year of exponential growth
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Netlinkz’ VSN offering provides enterprises with secure multi-cloud and cloud application access for mobile workforces.
Advanced network security software company, Netlinkz (ASX:NET), has grown exponentially over the last three financial years.
The company’s revenue has been on a strong upward trajectory, from a base of $0.6m in FY19, to $5.3m in FY20, and $14.4m in FY21.
Its customer base has also been increasing steadily, from just one enterprise customer in June to 2019 to 80 by the end of September 2021.
Netlinkz has a clear upward trend in its client base due to the proven benefits of the VSN 2.0 platform, and its Network-as-a-Service (NaaS) product offering.
Its user-centric WAN technology enables users to work from anywhere without putting trust in unsecure internet connections, a critical benefit with the global shift to WFH as a result of COVID-19.
The rising demand from WHF workers has crippled the previous hardware-based remote access service.
Netlinkz’s technology resolves this problem by leveraging existing office network, security and server infrastructure through its secure VSN Edge platform.
The VSN capability also promises central orchestration, simplicity, hybrid and multi-cloud support.
Netlinkz’s flexible NaaS platform allows simultaneous access to multiple clouds and cloud applications, a flexible solution that is infrastructure agnostic.
It’s also compatible with the recent uptake of Bring your own device (BYOD), a trend where employees use personal devices to connect to their office networks.
The company’s encrypted user connectivity can block unauthorised devices on-network, as well as providing end-user authorisation and end-to-end encryption.
Netlinkz has several short-term growth opportunities in the pipeline, which includes capitalising on the recent decision by the Chinese government to permit foreign companies in Beijing to deploy VPN solutions – a previously banned activity.
This presents the company with an exciting opportunity to deploy the VSN as a VPN alternative for western companies based in Beijing.
The Australian Chamber of Commerce in Beijing has already signed a contract with Netlinkz to migrate its services to the VSN-enabled cloud.
This is the first phase of its strategy, with other foreign Chambers of Commerce expected to follow.
This article was developed in collaboration with Netlinkz, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.