Norwood Systems Ltd (ASX: NOR)

Norwood Systems Ltd (ASX: NOR) is an Australian-based startup that is passionate about revolutionizing telecommunications. The company has developed an innovative suite of technologies aimed at building next-generation call completion platforms for the mobile operator industry. Their award-winning mobile apps have seen over 8 million downloads worldwide and have achieved the number one position in their categories in 105+ App Store countries.

One of Norwood's key offerings is a powerful visual voicemail service platform and associated apps for Communication Service Providers (CSPs). They have successfully delivered high-performance branded iOS and Android white-labeled visual voicemail apps and network services for Spark New Zealand, a tier-1 operator, which were targeted at their entire mobile user base.

The company has been recognized with several prestigious awards, including the Australian National iAwards in 2014, 2015, and 2017, the London Business School Real Innovation Award, and the Westpac Bank’s Inaugural Businesses of Tomorrow Award. Norwood Systems has been listed on the ASX since June 2015 and trades with the stock ticker NOR.

Founded in 2011, Norwood operates within the Enterprise Software, IT, Mobile, and SaaS industries, and is headquartered in Australia. The company has not disclosed its last investment or the associated investors at the time of this analysis.