Reseller News

NZ-listed GeoOp scores global distribution via Ingram Micro cloud marketplace

GeoOp says new marketplace deal will significantly expand its growth opportunities.
  • Rob O'Neill (New Zealand Reseller News)
  • 23 May, 2018 06:41
GeoOp has scored a global cloud marketplace deal.

GeoOp has scored a global cloud marketplace deal.

NZX-listed GeoOp has inked a global distribution agreement with Ingram Micro's automated e-commerce cloud marketplace, used by nearly 200,000 solution providers globally.

GeoOp told investors today it is the first mobile workforce productivity app signed to appear on the marketplace globally.

"Ingram Micro Cloud’s global reach will significantly increase our opportunity to expand in 2018," said Kylie O’Reilly, CEO of GeoOp.

GeoOp provides cloud-based applications for small to large businesses to coordinate and manage mobile and distributed workforces.

The company just completed a $2 million capital raising at 15 cents a share, a 22 per cent discount to the market price, to strengthen its balance sheet.

For the six months ended 31 December, GeoOp reported total revenues of $2.2 million and a net loss of $2.8 million.

Ingram Micro has more than 300 facilities around the world and more than 600 cloud-dedicated employees globally doing business in 170 countries on six continents.

The move comes as distribution dives deeper into the cloud, as illustrated by the unveiling of a new independent division within Ingram Micro, which is designed to help service providers build, scale and monetise cloud and digital services.

Under the banner of CloudBlue, the practice will sell CloudBlue commerce platform and services directly to service providers, including MSPs, telecommunications providers, large value-added resellers and other distributors.

The launch also sees the distribution giant strike a “one-of-a-kind” strategic alliance with Microsoft, allowing both parties to co-sell the CloudBlue commerce platform to new service providers joining the vendor’s Cloud Solution Provider (CSP) program.