- Spindle named a recipient of Frost and Sullivan's 2014 Customer Value Enhancement Award.
- A Frost and Sullivan award is a prestigious event that could not be anticipated due to the competitive industry and the fact that Spindle only launched the Yowzaa!! application in Q1.
- This award reinforces my opinion Spindle is a leader in mobile ap payments and, with recent acquisitions in the space by Yahoo and Twitter, makes it a prime acquisition candidate.
Frost and Sullivan, which is one of the most influential market research firms, recently awarded Spindle (OTCQB:SPDL) its 2014 Customer Value Enhancement award. This award is for Spindle's mobile technology that allows merchant and consumers to engage, interact and transact. Being able to deliver a frictionless solution is a major differentiator in the marketplace. This application, called Yowza!!, has seen explosive growth from Q1 to Q2, and is already present in some 120,000 merchant outlets. This growth is only expected to increase during the second half of the year.
Another indicator of how undervalued Spindle might be is the recent acquisitions in the space. In just the last several weeks, Yahoo (NASDAQ:YHOO), Twitter (NYSE:TWTR) and Opera Mediaworks have all made major purchases in the space. Two of these acquisitions are estimated to be over $300 million, and what has typically been discovered long after the deals are done is that these purchased companies brought little in the way of revenues, but were purchased for their technology, such as a mobile app like Yowza!!
My recent article written on Spindle can be found here. The award reinforces my opinion Spindle is a leader in mobile app payments, and with recent acquisitions in the space by Yahoo and Twitter, makes it a prime acquisition candidate.
Disclosure: The author is long SPDL. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it. The author has no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.