Defenx Plc (LON:DFX) CFO Philipp Prince joins DirectorsTalk to discuss the latest interim results. Philipp talks us through the highlights, the announced master services agreement in relation to the development and assignment of software with BV Tech and provides us with some details around the recent raise with plans on the use of proceeds.
Founded in 2009, Defenx Plc is a fast-growing and profitable cyber-security software group that offers a range of Security, Backup and Protection solutions for smartphones, PCs and networks.
A channel sales strategy, focused on flexibility, white-labelling and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Defenx’s global distribution partners currently include 3Italia, Türk Telecom and Western Digital, amongst others including telecoms operators, systems integrators and original equipment manufacturers.
Defenx was admitted to trading on AIM on 3 December 2015, acquired Memopal Srl in August 2016 and announced a strategic partnership with BV-Tech SpA, an Italian IT solutions provider, in April 2017. These have allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and encryption technology as well as new channel partners.