Founded in 2000, mVISE AG (DE:C1VG) is a pioneer in German mobile software solutions with a large blue-chip client base, including Vodafone (LON:VOD), Bosch Ltd (NS:BOSH) and Deutsche Telekom (DE:DTEGn). The group specialises in mobile business solutions, virtualisation and cloud-computing, and security software. Consulting revenues contributed two-thirds of revenues in 2016, and act as a driver of additional revenues including own software sales.
mVISE is a German pioneer in the fast-moving market for mobile digitalisation, cloud applications and business integration. It is well-positioned for growth with an orientation to mobility (Industrie 4.0/M2M), cloud computing and security software. The company has an impressive portfolio of blue-chip consultancy clients, including Vodafone, Bosch and Deutsche Telekom, and is currently focused on deepening these relationships to drive growth in product and service revenues. After strong share price gains, mVISE still trades at significant multiple discount, on a current year prospective EV/EBITDA of 15.7x vs its peer group on 34.2x.
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