Movers and SHAKERS
Digerati Technologies (DTGI)
Reaches For The Sky
Digerati Technologies, Inc. (OTCQB: DTGI) is a telecom and technology provider of diverse, carrier-grade, Only in the Cloud™ communication and network solutions including Unified Communication as a Service, cloud telephony, cloud WAN, cloud call center, cloud mobile, and delivery of digital oxygen on its fiber/mobile broadband network. Digerati has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers flexible, cost-effective services with enterprise-grade quality and reliability. A multi-year recipient of Deloitte’s Fast500 and Fast50 Awards for one of the fastest growing technology companies in North America, Digerati has become an expert at successfully merging and managing subsidiary operations since 2015. The Company’s impressive tech-stack serves 28,000 business users on its platform and its dynamic channel program includes over 300 channel partners that serve as a conduit for sales growth. Digerati has continuously increased customer adoption while serving diverse industries including Healthcare, Banking, Financial Services, Legal, Real Estate, and Construction. Digerati currently has a strong platform for growth throughout Texas and Florida, the 2nd and 4th largest state economies by GDP in the U.S. The Company’s clean and clear fundamentals, combined with its clearly defined growth plan, disciplined acquisition strategy and seasoned leadership team is expected to increase shareholder value as it enters the next phase of its corporate development plan. For more information, please visit www.digerati-inc.com.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Digerati acquires SkyNet. On January 5, 2022, Digerati announced the acquisition of SkyNet, a Texas-based cloud communication and broadband solutions company. The company used its $20 million debt facility to finance the acquisition. The acquisition adds $3.4 million annual revenue. SkyNet is in line with its acquisition strategy of seeking communication services companies serving small and medium size U.S. businesses in high growth markets, like Texas.
Adds scale in high-growth markets. With the acquisition, the company expands its customer base in Texas to 737 businesses, more than 215% higher than before the acquisition. The acquisition is expected to provide immediate cost synergies with the company's existing Texas operations. Between Texas and Florida, the company now serves more than 3,100 businesses, which amounts to roughly 33,000 users ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.