"There is the ability to spin it off in the future as a separate entity if we choose to. But at this point we have no intentions for that. It will be a part of Plan B because we have other services that will be relevant and customers might like to add on," says Forrester
Plan B expects to add around eight staff members this fiscal with plans to add more based on growth.
"We have got a footprint in NZ. The focus is to continue to grow that. But we are under pressure from our global customers. We do represent the majority of the large insurance companies in NZ and more than 50 per cent of the banks, excluding the trading banks. We are being pushed to go into Australia and that's the case of when not if.
"Australia is a lot more advanced in their regulation than we are. So they are in a position where they can charge for being average, and we have to be cheap, innovative and exceptional in delivery to purchase our service unless they are governed by global rules. We think we have something special to talk to and do in Australia," says Forrester.
Plan B is looking to be in Sydney before next Christmas, and Forrester states that Melbourne could take place sooner based on demand.
"Cloud services will be available much sooner, but having a brick-and-mortar and office facilities, that is a big investment for us," says Forrester.
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