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Welcome Speik!

Welcome Speik!

Today we welcome Speik to the Dubber family.

Growth through Dubber’s continuing global execution – and by adding service provider footprint and capability through acquisitions – is core to our strategy. The aim is simple – grow faster and deliver more services to more service and solution providers, Enterprises, SMEs and Governments than ever before.

Matthew Townend, Executive Director, Cavell said it well:

“Service and Solution Providers are in a race to achieve differentiation and answer the accelerating compliance, security and productivity demands of Enterprise. Dubber with Speik creates an industry-leading offering for service and solution providers and deep capability in addressing compliance and call recording needs within SME’s and Enterprises.”

Demand for Unified Call Recording continues to accelerate driven by compliance, dispersed workforces driving demand for IP-based and mobile conversations, and the need to capture crucial conversations for business continuity, operational and team productivity.

To meet this need, we’re continuing to move quickly. Unlike others who have concentrated on doing this within specific applications or use cases, Speik aligns with our approach of capturing billions of conversations as they take place in the service provider network and major communications solutions – like Cisco Webex and Microsoft teams.

By doing so, we enable Enterprises and Government users to capture calls from any endpoint while eliminating their need for costly hardware, professional services and ever-escalating costs as data grows.

And critically, we can fully answer the need of the modern Service Provider working across SIP, Mobile and UC end-points – enabling them to deliver a complete and differentiated solution to customers.

Why Speik?

Speik is a leading provider of call recording solutions to UK service providers – in particular, O2’s mobile network – and has strong solutions capabilities for addressing PCI and other compliance mandates.Sergio Budkin, Director of Business Products and Propositions, Telefonica UK Ltd (O2);

“Together with Speik, O2 has been providing the mobile recording service in the UK, enabling compliance, improved customer experience and productivity gains for Enterprises and Government. We welcome the opportunity to expand those services via Dubber’s industry-leading offering across multiple sectors and delivery platforms.”

Our combined capabilities will accelerate Dubber’s industry-leading growth and address the significant opportunity for compliant Unified Call Recording. The acquisition immediately grows Dubber’s market-leading position in EMEA and contributes positively to Dubber’s annual recurring revenue (ARR) momentum.

And Speik are profitable – which adds to our bottom-line and gives us confidence that as we invest in growing Speik through sales and marketing, it benefits our customers and shareholders.

Steve McGovern, CEO, Dubber on the Speik acquisition:

“Dubber’s acquisition of Speik is fundamentally accretive on all levels. Speik brings to Dubber a strong footprint in the leading UK-based mobile network provider, world-class technology resources, and a growing base of subscribers.

“The team at Speik has been a pioneer in terms of network-based mobile recording together with O2. Their success with one recording partner over 7 years provides an insight into Dubber’s ambitions for its own 130plus service provider partners, globally.

“The Dubber product suite has a capability to expand Speik’s revenue opportunities with O2 – and other service providers – from its current enterprise focus into the larger addressable markets of mobile SME and across UC and Microsoft Teams services with Unified Call Recording.

We believe that Dubber can substantially accelerate growth and adoption in that and other key UK-based relationships — and use Speik’s PCI services to drive additional revenues into our service provider partners. We welcome the Speik team to our growing Dubber family and look forward to serving our mutual customers like never before.”

Dubber’s scale and industry-leading Unified Call Recording technologies will enable to Speik to grow across the UK and EMEA. We’ll also be bringing Speik capabilities to service providers globally.

A Unified Approach to UCR

Speik and Dubber have a common network-centric and Cloud-first technology approach enabling us to accelerate the evolution of Unified Call Recording and Dubber Voice Intelligence Cloud.

Simply put, that means any conversation from any endpoint captured – and from any call recording solution – in the Dubber Voice Intelligence Cloud. There it can be shared with applications like Salesforce, big data sets and data visualisation and analytics platforms like Tableau and Google Data Studio.

2021 will see more Enterprises and Governments moving to realise the potential of voice data — together with Speik we are best positioned to help Service Providers meet that opportunity.

Dubber first half FY20 results

Dubber first half FY20 results

We are pleased to report significant growth for the first half of the 2020 financial year. Highlights include a revenue increase of 125% to $4.5 million, a 79% increase in end user subscribers to 122 549, a contracted annualised recurring revenue of $10.66 million, and 123 service provider agreements, of which 65 are now at the billing stage. During this period we also acquired our first Cisco Webex Calling customers and are on track to be listed on the Cisco price list this month, which will allow seamless order entry within the global Cisco partner channel.

Another highlight was signing an agreement with tier 1 US carrier Sprint Corporation. While we are still in the early stages of growth, securing tier 1 global carriers and our revenue demonstrates that our global strategy is delivering high-quality income streams.

A uniquely placed global operation
We have grown our business operations significantly in preparation for future market opportunities: recruiting team members across executive, sales, and product levels. Many of these new staff members worked closely with us in previous roles with major partners, including Cisco, BroadSoft, AT&T and Telstra, and bring with them significant industry experience. We are a global operation, well positioned to enable service providers to capitalise on the valuable asset of voice data. We believe that transcription, which forms that basis of voice AI and analysis, will become an expected standard feature. We are uniquely placed to deliver this capability to service providers.

Second half FY20 outlook
We expect strong growth in the second half of the 2020 financial year. We expect several verticals to reach the revenue generation stage. Now that our platform is embedded in the Cisco order entry system, we believe this will contribute significantly to our ongoing revenue. Last month we signed an agreement with Telstra, making Dubber available to Telstra customers in Australia. We expect this to underpin similar agreements with new carriers in 2020.

September 2019 quarterly update

September 2019 quarterly update

Our September quarter was a period characterised by growth: with expansion across sales, and new roles filled in Australia, Europe and North America across marketing; development; compliance; and support. This enhancement of the team will be instrumental in meeting our current priorities: providing call recording and voice AI (artificial intelligence) services for the Cisco Webex Calling platform, driving growth of mobile call recording in Australia, furthering our USA expansion with tier one carriers, rolling out a global artificial intelligence initiative, and continuing to develop our global distribution and reseller network.

Our key highlights for the period:

  • Revenue increased by 6% from the previous quarter to $2.15m, up 200% on the previous corresponding period (PCP).
  • End user subscriptions increased by 23% to over 117 000, up 165% on the PCP.
  • 113 agreements were made with service providers and 52 service providers reached billing stage.
  • Contracted annualised recurring revenue at 30th September was $10.2m.
  • Cisco Webex calling launched Dubber as their recording service 31st October.

We are strongly positioned to expand on our leadership in cloud call recording and data capture in traditional unified communication networks, fixed-mobile converged networks, and UCaaS networks.

Cisco Webex Calling

Cisco Webex Calling is a multi-tenant, cloud-based alternative to an on-premise PBX, and is available as a subscription service. In preparation, we achieved ISO 27001 compliance: a globally recognised standard for information security management systems. The service is now live and will be available via the Cisco order entry system.

Mobile and ‘whole of business’ recording

Businesses are now looking beyond call recording for compliance, and seeking mobile recording services and insights on customer interactions across the whole business. We are working towards a service that will provide widespread availability across Australia. During this preparation we have completed an agreement with Schepisi Communications and have been awarded the Telstra Enterprise Mobility Carriage Partner of the Year for 2019.

Continued momentum

Dubber co-founder and CEO Steve McGovern commented on the September quarter results:

“Fundamentally, we have scaled our operations from a ‘Founder led’ company to one which is able to execute on the opportunities which are in multiple jurisdictions.

We are pleased with our momentum towards facilitating widespread uptake of the Dubber platform as a mobile or fixed mobile converged offering. The Company believes that there is significant immediate demand for these services and activation of the initiatives should see user uptake and revenues grow strongly.

Our AI programs are continuing to gain momentum with our large partners like IBM. We are seeing strong increases in the number of enterprise customers, particularly in North America, that are interested in garnering business insights. We believe that gaining access to real-time voice calls on an enterprise-wide basis will be a strong business driver for us in 2020.

Throughout the remainder of FY20 we will continue to procure additional key carrier agreements, accelerate their time to billing and add new channel and systems integrator agreements to build out the global backbone of call recording. These are the foundations of growth for the next term and we are now ready to execute on these with the team we have in place.”

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