Feeds

Cellnet moves into online retail

Nearly a million for a startup equals Off Your Trolley

SANS - Survey on application security programs

ASX listed telecommunications accessories distributor Cellnet has taken a strategic stake in online discount grocery start-up, Off Your Trolley.

Cellnet said that the strategic investment was the next step in it's online strategy and expects Off Your Trolley to make a positive contribution to its earnings in the current financial year.

The fledgling online budget e-tailer launched in March of this year and is Australia's first dedicated grocery deals website.

The founders, Stacey Carlon and Sarah Costin have backgrounds in FMCG account management, inventory and online retail and marketing and started the site as a side project to their day jobs.

The investment will help the start-up to broaden its product range, upgrade its online platform and expand its marketing strategy.

Cellnet did not disclose the amount of the investment but did disclose that it had received options in Off Your Trolley that may see its shareholding increase and would issue Carlon and Costin with 750,000 Cellnet options each with an exercise price of AU$0.60 cents per share, representing a combined AU$900,000,

The options are subject to business performance targets which will be exerciseable in July 2014.

Under the arrangement Cellnet will step in to provide warehousing, distribution and logistics services to Off Your Trolley. ®

Combat fraud and increase customer satisfaction

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.