Digerati Technologies Highlights Accomplishments in FY2023 and Outlines Strategic Initiatives through FY2025 - Seite 2

As the Company looks to the future, its strategic initiatives to successfully meet its corporate goals and objectives includes:

• A continued emphasis on its UCaaS/cloud communication business, which operates in a segment of the telecommunications industry that continues to experience solid growth as businesses migrate to cloud-based communication systems.
• Enhancements to the Company’s UCaaS solutions to include collaboration tools and integration with third-party systems that improves its business customers’ internal communication and engagement with underlying customers.
• Continued enhancements to its broadband product portfolio and the delivery of “digital oxygen” to its business customers.
• Targeting a range of YoY organic revenue growth between 5% and 10% subject to the Company’s balancing of resources between organic growth and integration of acquisitions.
• A disciplined approach to evaluating additional accretive acquisitions as it continues to target local and/or regional UCaaS/cloud telephony providers, which have excelled in their market with that “local” touch when serving business customers. The Company will assimilate best practices from its acquisitions to optimize productivity and performance throughout the organization.
• A continued focus on the U.S. market of SMBs, of which a significant portion has not yet migrated to a UCaaS or cloud communication solution.
• A continued emphasis on the Company’s channel strategy that enables its Agents and Partners to offer cloud and session-based communication services to the business market, primarily the SMB.
• Continued enhancement of its infrastructure and back-office systems to streamline operations and automate processes for efficiency, all which support both its organic and acquisition-based growth model.
• Implementing a total support model (pre and post sales) for building a world-class service delivery and help desk organization.
  

Digerati continues to participate in a high-growth market driven by demand from the business sector. The global UCaaS market projects to expand from $38.7 billion at a CAGR of 23.5% through 2027, reaching a value of $169.6 billion. Approximately 95% of Digerati’s revenue is contracted monthly recurring revenue.

Arthur L. Smith, CEO of Digerati, stated, “We have stayed the course and our team has continued to deliver on meeting previously stated strategic initiatives while moving well beyond proof of concept with our business model. We have no intention of deviating from the plan we implemented several years ago when we launched our disciplined M&A strategy that resulted in growing from $200K to $32 million in annual revenue. Our leadership team and financial partners are aligned in our strategic vision of combining organic growth with accretive acquisitions in building a formidable UCaaS provider serving the small and medium-sized business market.”