Join our daily newsletter At The Bell to receive exclusive market insights
- AD1’s (AD1) subsidiary, Art of Mentoring (AoM) continues to execute its strategy with the signing of a 12-month pilot with the US Department of Labor
- The pilot represents a potential lifetime value of about $250,000 and provides a sales pipeline of over 10 prospects, primarily in the corporate and government space
- The strategy for AoM is to expand into international markets, have sustained revenue growth and pace, and forge channel partnerships to enhance the brand’s reputation
- The company believes it will exceed full year expectations
- Shares have jumped 15.8 per cent today to 2.2 cents each
AD1’s (AD1) subsidiary, Art of Mentoring (AoM) continues to execute its strategy with the signing of a 12-month pilot with the US Department of Labor.
The pilot represents a potential lifetime value of about $250,000 and provides a sales pipeline of over 10 prospects, primarily in the corporate and government space.
Art of Mentoring (AoM) is a SaaS business with a suite of software, products, and services that reportedly guide organisations to implement high impact, successful mentoring programs.
The company will continue to accelerate its US expansion through roadshows to new partners and prospects within the next month.
The strategy for AoM is to expand into international markets, have sustained revenue growth at pace, and forge channel partnerships to enhance the brand’s reputation.
In the last three months, it has acquired 12 new clients, renewed eight clients, and delivered about $570,000 in revenue.
It has recorded 82 per cent growth in year-on-year revenue.
Two new channel partnerships in the US with FutureSolve and Center for Mentoring Excellence have provided a pipeline of prospects.
The growth in the company’s channel partner strategy will be underpinned by further opportunities in the US and emerging partner markets such as Kenya, Dubai, and India.
AoM believes it will exceed full-year expectations due to its strong domestic and international pipeline, its recent onboarding of new sales talent, a productive and
expanding partner network, and a projected high rate of renewals.
Shares have jumped 15.8 per cent today to 2.2 cents each at 3:30 pm AEDT.
