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Vonex continues 2019 momentum with record sales value

Published in FinFeed By Jonathan Jacksonat Jul 18, 2019, in Technology

Vonex (ASX:VN8) has continued its great 2019 momentum, today announcing that it has surpassed 30,000 registered active Private Branch Exchange (PBX) users.

Vonex is innovating within and disrupting the telecommunications sector and its current growth trajectory highlights the hard work its team is putting in to build out usable and cost effective communications solutions.

PBX registration are a key part of its business development, with Vonex looking to penetrate the multibillion-dollar Australian SME market for telco services.

Vonex has continued its strong growth trajectory.
Vonex has had a strong quarter, including a 44% increase in new customer sales value over the previous quarter. This is a record number and represents the total customer value calculated for the full contract term upfront, which exceeded $1.3 million in the June quarter.

Sales are also expected to be boosted through two key partnerships.

The first is through its channel partner focused sales software platform, Sign on Glass, which has led to a 26% growth in orders.

Sign on Glass is contributing to the increases in sales and conversion rates and minimizes onboarding costs. The strength of this relationship comes at a time when Vonex has also seen a 16% jump in unique visitors to its web site over the previous quarter.

The numbers are expected to receive a further boost with the inclusion of the highly experienced Rosa Alessi to the team.

Alessi has 20-years experience as a channel manager in telco channel partner program development and management.

Also in the partnership mix is Qantas, with Vonex expecting its partnership with Qantas Business Rewards (QBR) as the VoIP and Hosted Phone System telecommunications provider to further boost sales.

Vonex Managing Director Matt Fahey said:“ We’re really pleased with the progress that we’ve made through the June quarter as we continue to show significant improvement across our key metrics.

“Achieving 30,000 active PBX users means we have grown our active database by 25% over the past 12 months. We expect to build on this momentum through FY20 and beyond as the QBR partnership is launched and as the NBN rollout schedule approaches its peak, leading to continued growth in active users and contracted revenue.”