GlobeX Data Ltd. (CSE:SWIS, OTCQB:SWISF)

Summary

GlobeX Data Ltd. designs, develops and markets Swiss hosted Cybersecurity and Internet privacy solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its online store, its direct sales force, approved wholesalers, distributors and telecommunications companies worldwide.

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Stock Chart

Share Structure

As of 1st May, 2020
Shares Issued 52,420,282
Warrants 5,692,000 (expiring 22 07 2022, exercisable at $0.75)
Options
Fully Diluted

Investment Highlights

  • Monthly Recurring Revenues (“MRR”).
  • Partners bear the cost of client acquisition.
  • “Sticky” services. Once client uses services, they never leave.
  • Massive market of USD 500 Billion a year.
  • Average Revenue Per User (“ARPU”) per Month varies between USD 3.00 to USD 10.00.
  • Geographic regions: North America (NA) • Latin America (LATAM) • South Asian Association of Regional Cooperation (SAARC) and Asia Pacific (APAC) • Europe, Middle East, Africa (EMEA)
  • Initial contracts signed with America Movil (NYSE: AMX) (approx. 380 million subscribers)
  • Keller Williams, RE/MAX(NYSE:RMAX), SAARC resellers (over 200,000 real estate agents)
  • Generating revenues, accelerating revenues in Q3 and Q4 2020
  • New contracts await announcements in South Asia, Australia, Asia, Middle East
  • No debt, low burn rate of CAD 375K projected for 2021
  • Targeting profitability by end of 2021
  • Low share count under 55MM S/O, tight capital structure.

Services

The Company sells 3 main services in the Cybersecurity, Secure Cloud and Secure Communications sector:

DigitalSafe:

A Swiss hosted, secure document management, data backup and recovery, secure file share, secure email and password manager for businesses and consumers. Most of the sales are for business users.

PrivaTalk:

Swiss hosted Secure chat, voice, video and email. Chat has privacy tool such as self-destruct timer, email has SecureSend and SecureReply feature allowing full privacy and security within an organization and outside of it. This guarantees no email is hacked or read by an outsider.

Custodia:

Swiss hosted secure email on its own.

All services are available on mobile and desktop and on iOS and Android platform.

The Company sells its services through channel partners. Largest ones are America Movil (NYSE: AMX), the largest telecom operator in Latin America, and third largest telecom company in the world with 380 million subscribers. REMAX (NYSE: RMAX) the largest International real estate company franchise, Keller Williams, the largest real estate company in the world, other resellers in Middle East, South Asia, Australia and North America. The Company is launching its email platform to the public in late Q3 2020 and is anticipating launching to over 500 resellers in the USA and Canada as well. The company is continually expanding its reseller network.

Read more: GlobeX Data is on a mission to protect user privacy

Management Profiles

Alain Ghiai Founder, Chief Executive Officer, Director

Alain Ghiai, founded the Company and has served as Director and CEO since March 2017. He has served as President and Corporate Secretary of the Company since June 2018. Alain Ghiai also founded GlobeX Data S.A. (“GDSA”) in 2007 and has served as Director and CEO since August 2007. Alain also founded GlobeX Data, Inc. (“GlobeX US”) in August 2012 and has served as Director and CEO of GlobeX US since August 2012. Alain Ghiai attended the California College of Arts in San Francisco, where he obtained his Bachelor of Architecture in 1994. Alain Ghiai has over 15 years of experience in the software industry and has been instrumental in the development of the company and its IPO in July 2019.

Scott Davis, CPA, CGA Partner, Cross Davis & Company LLP., CFO

Scott Davis is a Chartered Professional Accountant and a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly listed companies. His experience includes CFO positions of several companies listed on the TSX Venture Exchange and his past experience consists of senior management positions, including four years at Appleby as an Assistant Financial Controller. Prior to that, he spent two years at Davidson & Company LLP Chartered Professional Accountants as an Auditor, five years with Pacific Opportunity Capital Ltd. as an Accounting Manager and two years at Jacobson Soda and Hosak, Chartered Professional Accountants. Scott Davis obtained his CPA, CGA in 2003. Scott Davis has been a service provider to technology companies for over 8 years. He is working side by side with Alain Ghiai on the management of the finances of the Company.

Henry Sjöman Director

Henry Sjoman has been an entrepreneur and angel investor since 1991. Henry has been involved in the electronics and telecommunications industry since 1974, building half of all Blackberry and Nokia phones at one time through his network of manufacturing worldwide. Henry Sjoman co-founded Elcoteq SE in 1991, an electronics manufacturing company that was listed on Euro NASDAQ until 2010. He received his BSc, Telecom from the Kipings Tkniska Institute (Sweden), in 1974. Henry is a Director of the Company, and a member of the Company’s audit committee.

Amir Assar Director

Amir Assar has over 27 years of experience in technology sales and leadership and is presently AVP Sales at Workday, Inc. (NASDAQ:WDAY), one of the leading software company in the world. Prior to joining Workday, Amir was one of the key executives at Adaptive Insights, where he was instrumental in establishing Adaptive as a leader in the financial data analytics market, culminating in an IPO filing in June of 2018 and eventual acquisition by Workday for US$1.55 Billion in August 2018. Amir Assar started his technology career in 1993 at Actel Corporation as the Western USA Director of Sales. Actel was a leading provider of Field Programmable Gate Arrays (FPGA) and was acquired by Microsemi Corporation, a California-based semiconductor and systems solutions provider for the aerospace, defense, communications, data center and industrial markets. From there Amir went on to work for several successful emerging technology companies in Silicon Valley, including Annuncio Software (acquired by PeopleSoft), NetScaler (acquired by Citrix), DataPower (acquired by IBM), and IBM where he held senior sales management and leadership positions. At DataPower, he was part of the original sales leadership team that built the company from a fledgling start-up with no customers into a US$300M business while transitioning it to be one of IBM's most successful acquisitions. He is married and lives with his wife in San Francisco, California.