CEO Q&A with Stephane Ibos at Maestrano Group PLC (LON:MNO)

Maestrano Group PLC (LON:MNO) Chief Executive Officer Stephane Ibos caught up with DirectorsTalk for an exclusive interview to discuss their successful IPO, how their platform works, the market opportunity, how they’ll use the proceeds from the IPO and what we can expect in the coming months.

 

Q1: First off, congratulations on the successful IPO of Maestrano, can you explain for us the background to the company?

A1: We created Maestrano 4.5 years ago and the idea was to help small and medium businesses by solving for them the problem of disparate cloud applications not talking together or exchanging data. So, it’s an integration platform where SME’s can use a variety of applications such as Xero, Sage and these applications come already integrated as if they were the one system. We also have some business analytics, so we have to assist small and medium businesses in the running of their operation.

 

Q2: Can you tell us how your data management platform actually works?

A2: So, the way it works is we basically built an integration layer with quite advanced technology that we’ve patented and the way it works is we plug in the cloud applications and by doing that they start to have the ability to extend data in real time. We’ve plugged on top of that a big data engine which allows us to provide the business with analytics and reporting.

 

Q3: How significant is the market opportunity?

A3: It’s quite large, we work through enterprise partners, so we don’t deliver directly our platforms to small and medium businesses, we actually white-label them to large corporations who then use them to address their own SME market. Just to give you a feel, if you look at North America, Europe and Asia specifically, they are north of 60 million small and medium businesses so there’s plenty of potential out there.

 

Q4: Why did you choose to float on the AIM market and how will you use the proceeds from that?

A4: So, choosing the AIM market is probably because it’s quite a friendly market for early stage ventures and we believe that it gives us the legitimacy and also the credibility that we need at this stage of the company on top of course of raising the funds.

The £6 million we raised for the IPO will be essentially used to further our technology, we’re quite advanced in terms of products and technology so keep having that edge. Also, to expand our reach into the market so acquiring enterprise partners and helping them deliver awesome products for their small and medium businesses.

 

Q5: What can we expect from Maestrano Group from the year ahead?

A5: Plenty of good things. We will have some, what I believe to be, exciting announcements later in the year, we’ll also have hopefully good numbers in terms of SME’s using our platforms and of course, for those who like the technology, we’ll keep releasing products that would be quite exciting.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Maestrano Group Plc

    More articles like this

    Maestrano plc

    Maestrano Group AGM to be held on 9 November 2020

    Maestrano Group plc (LON:MNO) has announced that its Annual Report and Accounts are being posted to shareholders today and will be made available on the Group’s website: www.maestrano.com. Key extracts from the report and accounts are presented

    Maestrano plc

    Maestrano Group appoints new CEO

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has announced the appointment of Mr Nicholas Smith as CEO, with effect from 11 January 2021. Mr Smith was previously appointed as a Director

    Maestrano plc

    Maestrano Group appoints MODUS as USA distributor

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has announced the appointment of a distributor in the USA and an update on its contract with Meitetsu in Japan. Nextcore, a subsidiary of

    Maestrano plc

    Maestrano Group achieve major engineering milestone with ARTC

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has announced a Partnership Agreement with Esri Inc. and achievement of a major engineering milestone with ARTC. Partnership Agreement Maestrano’s subsidiary, Corridor Technology, and Esri

    Maestrano plc

    Maestrano Group wins £50K Innovate UK grant

    Maestrano Group PLC (LON:MNO), the machine learning platform for transport corridor asset monitoring, has announced that it’s wholly-owned subsidiary Corridor Technology Limited has been awarded a £50K grant under the Innovate UK “Business-led innovation in response to global disruption”

    Maestrano plc

    Maestrano Group wins Innovate UK Network Rail competition

    Maestrano Group PLC (LON:MNO), the machine learning platform for transport corridor asset monitoring, has announced that its wholly owned subsidiary Corridor Technology Limited has been selected for a fully funded trial of its automated rail corridor gauging

    Maestrano plc

    Maestrano appoints Mr Nicholas Wayne as Vice President Americas

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, today announced the appointment of Mr Nicholas Wayne as Vice President Americas. Nick was most recently a senior executive with Airbus’ Intelligence business in

    Maestrano plc

    Maestrano Group encouraged to see improved results for Q3

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, today announced unaudited results for the three months ending 31 March 2020. GBP 000’s Three months to Three months to % Change % Change

    Maestrano plc

    Maestrano Group appoints new Non-executive Director and CFO

    Maestrano Group PLC (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has today announced the appointment of Mr Nicholas McInnes as a non-executive director and Mr Robert Lojszczyk as Chief Financial Officer and an executive

    Maestrano plc

    Maestrano wins new paid pilot project in Japan

    Maestrano Group (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has today announced the commencement of a new paid pilot project in Japan, won by its recently acquired subsidiary, Airsight. The initial purchase order, from

    Maestrano plc

    Maestrano Group publish Annual Report and Accounts

    Maestrano Group (LON:MNO) has announced that its Annual Report and Accounts are being posted to shareholders today and will be made available on the Group’s website: www.maestrano.com. Key extracts from the report and accounts are presented below.

    Maestrano plc

    Maestrano wins Australian Government Tender

    Maestrano Group (LON:MNO), the Artificial Intelligence platform for transport corridor analytics, has announced a new contract with the Australian Government Department of the Environment and Energy, won by its recently acquired subsidiary, Airsight. A new customer

    Maestrano plc

    Maestrano Group to acquire Airsight Holdings Pty Limited

    Maestrano Group PLC (LON:MNO), the open platform for master data management and business analytics, has today announced the signing of a sale and purchase agreement to acquire, subject inter alia to Shareholder consent, the entire issued share capital

    Maestrano plc

    Maestrano Group PLC Update on Australia Banking Project

    Maestrano Group PLC (LON:MNO), the open platform for master data management and business analytics, today announced a trading update resulting from a change in customer priorities. Maestrano has recently completed delivery of a platform as part