Manalto Ltd expands distribution network to 8 million SMEs
(MENAFN- ProactiveInvestors - Australia) Manalto Ltd has signed an agreement with Plesk
Manalto Ltd (ASX:MTL) has signed an agreement with Plesk a WebOps platform that will allow Manalto's Sóshlr software to be available for purchase by Plesk's users.
Plesk has a global network of 2500+ hosting companies who sell web and hosting services to an estimated addressable market of 8 million small and medium sized enterprises (SMEs).
Plesk is available in more than 31 languages across 140 countries in the world.
Plesk is managing and securing more than 300000 servers automating over 10 million websites and at least 15 million mailboxes.
Plesk offers an online store for extensions through which web professionals are able to purchase relevant complementary services such as Manalto's Sóshlr software.
Manalto founder and CEO Anthony Owen commented:
“Manalto is pleased to partner with Plesk which is a recognised global leader in web hosting with an established partner base and network of customers who access services that make web professionals more successful.
The agreement enables Manalto to further extend the reach of its Sóshlr solution.”
Sóshlr
Sóshlr is a software product for resale by web hosting businesses and service providers.
It gives customers an easy to use social media management solution.
This means businesses have greater control to coordinate brand management and marketing inside Facebook Twitter Linkedin and Instagram from a single online dashboard.
It provides web hosting businesses and service providers with a unique point of difference for their customers.
Plesk
Plesk is a significant leader in its field and is at the forefront of the shift in cloud services where companies are moving to offer a wide offering of business applications to customers.
Sóshlr is Plesk's first social media solution to be made available to their customers that already host their website with Plesk. Furthermore Sóshlr will be bundled with new domain registrations.
It will allow web professionals developers and designers to manage all social media needs for their end customers.
This represents a first-to-market move for Sóshlr.
Analysis
This is the third distribution agreement Manalto has signed within the past month after similar recent deals with Globe Telecom (PSE:GLO) and Telstra (ASX:TLS).
Manalto is deliberating making strategic moves around a transforming market by offering the right product at right time.
The share price has started to gain momentum trading up 35% over the past month.
With 85% of customers now expecting businesses to be active on social media Manalto is well positioned in a growing market.
Manalto is a stock to watch and we expect news on material distribution agreements and sales contracts to act as catalysts for the stock.
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