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SPO Global, Inc. (SPOM)
We said it earlier...it's time to step up to the plate and Wednesday (4/20)'s feature that could be ready to turn up the heat. This tech company may be just getting the ball rolling with a strong focus on a niche industry that not many people think about but has actually become a mega industry of scale during the last few years...enterprise software.
The focus of Wednesday's (4/20) featured company, SPO Global, Inc. (SPOM) is built around acquiring performance optimization software IP for all enterprise applications. SPOM has recently purchased the company Reflective Solutions Ltd, that sells its unique IP software to major enterprises in North America and Europe.
Big Growth For Enterprise Software:
What You Didn't Know
Come to find out, the Enterprise Software industry is Massive. This is obviously of importance, at least in our opinion, because small percentages of market share could mean big things for movers in the space. Forrester Research projected that CIOs (Chief Information Officer) could confidently push for 2015 budget increases of 4% to 6% in terms of the purchase of tech goods and services. Specifically, analysts projected that global IT spend will grow by 5.3% in local currency terms. Growth in the global tech market overall was projected to rise by roughly 2% over the next two years.
And here's where it could be a huge open door for a company like SPOM: Forrester analyst Andrew Bartels doubled down on the analytics aspect, further recommending that CIOs need to be focused on building up their big data capabilities in order to stay competitive.
What SPOM has just done could place them at the forefront of this major shift for the software industry. Why? The principle software products of Reflective Solutions are "Stress Tester," a robust Performance stress testing solution for large enterprise applications, and its new product "Sentinel" that is providing enterprise customers an intelligent monitoring solution 24/7 software as a service (SaaS).
The big take-away here for us is that back to the Forester Data, the research firm expects software to be the biggest area of spending increase at $620 billion with much of that will go toward analytics, as-a-service, and enterprise process apps dealing directly with certain aspects that SPOM's software addresses. And as far as Software as a Service (SaaS) goes, IDC (International Data Corporation) projects that by 2018, 27.8% of the worldwide enterprise applications market will be SaaS-based, generating $50.8B in revenue, which potentially puts SPOM in the cross-hairs of two monster, multi-billion dollar industries.
SPOM Signs Major Enterprise Customer
Less than 2 weeks ago, SPOM announced that its new Software Product called "Sentinel" which is a 24/7 Performance Monitoring Tool that actively monitors the performance and availability of critical transactions within customers recorded user paths applications has been fully installed in its first major enterprise customer, Transport for London, who are a local government body responsible for most aspects of the transport system in Greater London in England.
Owen Dukes, CEO of S.P.O. Global Inc., commented, "We are very excited that Transport for London have installed our exciting new Sentinel Solution tool. This is a major endorsement of our product that we are actively marketing around the world."
SPOM: Proven Winner; 70% Upside?
Besides being on the verge of two major industry booms, SPOM has been proven to explode on days of above average activity most likely as a byproduct of having such a low float. Though the market for SPOM has been quiet as of late, the last time it saw a day of above average trading volume, it ended up running from nearly the same levels that SPOM closed at Tuesday (4/19) and ran all the way to highs of $0.017...That's a run of 70% in a single day. On top of this, during the last 8 months the stock has even seen highs of $0.0355.
Click Here To View SPOM Chart
The Bottom Line? SPOM is our Wednesday (4/20) feature. There's a lot going on with this from a company perspective in our opinion and the industry itself could be ready to see some incredible near-term growth according to industry analysts. SPOM has proven to breakout quickly and show potential for big gains during a single trading day.
Just look at the reports on this industry and then look at the exact software that SPOM has in its arsenal. Also keep in mind that they've just announced the signing of a new enterprise customer less than two weeks ago Transport for London, which according to the company was a major win. Pair it all with a low float along with a track record of serious gains, and this could be the ingredients for a big day on Wednesday (4/20).
Pull up SPOM and if you choose, be ready to trade at the opening bell Wednesday morning (4/20), if you so choose.
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