Company Details

Simble Solutions Limited (ASX: SIS)

ASX Listed, ​Public Company
Commercialisation, Growth Stage, Listed
Cleantech / Renewable Energy, Big Data / Data Science, Technology / ICT
Commercial Opportunities, Fund Investment, General Investor Profiling, Raising Capital

Company Information

  • Executive Summary

    Executive Summary

    Simble Solutions (ASX:SIS) is an Australian software company focused on energy management and Internet of Things solutions. The Simble Energy Platform or ‘SimbleSense’ is an integrated hardware and real-time software solution that enables businesses to visualise, control and monetise their energy systems.

    The Company’s Software as a Service (SaaS) platform has Internet of Things (IoT) capabilities and empowers enterprises and consumers to remotely automate energy savings opportunities to reduce their energy bill.

    Simble operates in the SME and residental market and targets the distribution of its platform through channel partners. Simble focuses on two key markets being Australia and the UK.

    Problem & Solution

    End-customers suffer from rising energy prices and experience the so called bill shock Industry participants – including utility providers or energy brokers – are looking for ways to differentiate their offering in an overcrowded marketplace.

    The Simble Energy Platform meets the demand for both parties offering end customers the visibility and control features whilst allowing industry participants to further engage customers with cutting edge technology.

    Market & Opportunity

    The market for energy management systems software was estimated to be US$32.4 billion in 2016 and is projected to grow at an average compound rate of 18.8% – reaching US$76.7 billion by 2021.

    Simble operates in the smart metering, two-way smart control and analytics segment of this market, which is experiencing rapid growth.

    Simble has a first mover advantage in the Australian and UK market, supported by existing channel and strategic partnerships.

    The Simble Energy Platform is hardware agnostic and able to integrate with virtually any IoT and metering device on any network.

    Current Shareholders/Investors

    Simble has a well supported share register with over 10 small cap institutions. Substantial shareholders include Founder and CEO Fadi Geha and Tribeca Investment Partners.

    Investment Offering/Opportunity

    Simble is the fastest growing energy software company on the ASX and offers the least demanding valuation compared to its peers.

    Key investment highlights include:

    • Significant cost reductions achieved in every quarter since IPO
    • 240% customer growth in 2018
    • 124% increase in cash inflows in H2 versus H1 FY18
    • Demonstrated track record of raising funds at favorable conditions to shareholders
    • Well supported share register
    • Low market cap relative to growth potential and approaching inflexion point

    Use of Funds

    The recent convertible note – cornerstoned by a strategic partner – will be used for working capital purposes to commercialise the Simble Energy IoT platform.

    ASX publicly traded company with 103.25m shares outstanding.

  • Company Highlights

    Company Highlights

    • Built a strong long-term foundation with key channel partnerships including Synnex Australia, BidEnergy (ASX:BID), UCR Consultants and Utiligroup
    • Raised funds at or above market price
    • 240% underlying customer growth
    • Synnex Australia
    • Powercor
    • UCR Consultants
    • Utiligroup

    Commercialise the Simble Energy Platform

  • Board & Management

    Board & Management

    Philip Tye

    Chairman
    Philip has been involved in the Asian capital markets for over 20 years, having most recently established HFL Advisors Limited as a platform to provide independent directorship and advisory services to various corporates and alternative...

    Philip has been involved in the Asian capital markets for over 20 years, having most recently established HFL Advisors Limited as a platform to provide independent directorship and advisory services to various corporates and alternative investment funds. He is a leading figure in the Asian hedge fund industry as member of the AIMA Global Council and immediate past Chair of the AIMA Hong Kong Chapter. Philip built and ran DragonBack Capital, a multi-strategy hedge fund manager and then hedge fund platform based in Hong Kong, between 2007 and 2012

    Fadi Geha

    CEO & Executive Director
    Fadi is an engineer with over 25 years experience in enterprise software sales, consulting, and IT M&A. He is the founder of Acresta (now part of Simble) and has served as its CEO for the...

    Fadi is an engineer with over 25 years experience in enterprise software sales, consulting, and IT M&A. He is the founder of Acresta (now part of Simble) and has served as its CEO for the past seven years. Fadi has held senior management positions with SAP Australia and Accenture. From 2003-2006 he served as Vice President Asia Pacific and Director at Viewlocity Technologies and led Viewlocity’s expansion into the Asian region including the acquisition of key clients in Japan, Korea, and South East Asia which resulted in Viewlocity being named top IBM partner in Australia for SaaS offerings in 2005.

    David Astill

    Non Executive Director
    David is a Legal Practitioner Director of the Astill Legal Group which has been in operation for over forty years and retains active panel appointments with major banks and corporations in Australia. During the last...

    David is a Legal Practitioner Director of the Astill Legal Group which has been in operation for over forty years and retains active panel appointments with major banks and corporations in Australia. During the last ten years David has built a Corporate Advisory and Governance practice and has provided advice on strategic matters, project planning and management for major transactions.

  • Company News
  • Contact Details

    Contact Details