Tech: Norwood lands lucrative deal with multi-billion-dollar NZ telco
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The pair have done a deal that will see small cap Norwood’s voicemail subscription app being made readily available to Spark New Zealand’s customers.
According to Norwood, its app has more advanced features than typical voicemails including AI alerts of urgent messages and the ability to discretely read them.
Spark is actively promoting this service to its business and consumer subscribers under the brand Spark Voicemail.
Norwood told shareholders it anticipates gross revenues during the marketing ramp up could exceed $50,000 to $100,000 every week.
It calculated these numbers from existing data on take-up results, current pricing and a prediction of how well the campaign will be received.
Norwood made the app available during a restricted release period and CEO Paul Ostergaard said he could not have been happier with its performance.
“Given the successful conclusion of the live testing and validation phase, we are now seeing Spark really start to drive demand for the service and we stand ready to support Spark in meeting its aggressive marketing objectives,” he said.
“Norwood can deliver hosted, carrier-grade services that a telco operator can rely on.”
Norwood shares climbed 12.5 per cent this morning.
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