Swarmio Media (CSE: SWRM) is set to be the newest issuer on the Canadian Securities Exchange as of next week. The company, whom operates within the gaming and esports space, is expected to begin trading on the exchange on November 22.
The company bills itself as an “end-to-end, full-service gamer engagement platform.” Swarmio partners with telecom providers in global jurisdictions that have historically been under represented, where it provides a platform that enables them to drive additional revenue from new and existing clients via a branded gaming hub.
The gaming hub offers consumers exclusive gaming content, including challenges and tournaments, live streams, gamificaion of a points system, player communities, and an online store for in-game purchases. Lastly, it also provides both the telecom’s and consumers with what is deemed as “latency-optimized Edge Computing,” which has been developed to assist in reducing lag and improving the gaming experience.
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By partnering with telecom providers, the Swarmio platform brings an additional revenue stream to these organizations, while enabling consumers to easily sign up to a gaming package that gets tacked on to their monthly bill. This fee is then split under a revenue sharing model with the telecom.
Partnerships have been entered with major telecoms in four markets globally currently, including Bahrain, Sri Lanka, Malaysia and Thailand, which reportedly has an addressable market of more than 90 million subscribers. Discussions are currently underway with additional telecom providers as well, in similar jurisdictions targeted for significant gaming growth that are traditional underserved in subscription gaming.
Swarmio is set to begin trading on the CSE next week under the symbol “SWRM.”
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