Company Overview
Big Technologies is a proven supplier of innovative and high-quality products and services to the remote and personal monitoring industry. Big Technologies provides products and services under a number of brand and trading names, with ‘Buddi’ being the most well-known and being used in respect of activities within the core criminal justice market. Big Technologies (under the buddi brand) has created a leading, integrated technology platform (including both hardware and software solutions) for remote monitoring of individuals, providing state-of-the-art Electronic Monitoring (EM) solutions on a SaaS-like, subscription basis. At the current time, Big Technologies’ EM solutions are deployed principally within the criminal justice market. The Company’s technology is highly flexible, and the core remote monitoring technologies could also be deployed into additional large markets, such as the healthcare market and the market for provision of care services.
Electronic Monitoring in the criminal justice sector involves utilising location technologies to remotely monitor and manage people at all stages of the criminal justice system. The Company’s focus on the Criminal Justice market in the immediate term has been demand-driven, with significant opportunities created by a combination of favourable market tailwinds as electronic location devices are increasingly recognised as alternatives to imprisonment, and superior technological capability enabling the Company to meet this demand effectively.
Big Technologies’ criminal justice solution has been iteratively developed over an 11-year period, utilising the knowledge of an experienced management team listening to customers. The solution consists of a proprietary software platform with modular monitoring hardware, capable of being adapted to multiple applications. The Company’s criminal justice solution is principally focussed around the “Buddi Smart Tag”, an electronic monitoring hardware device, and “Buddi Eagle”, the in-house developed cloud-based monitoring software. Collectively, the hardware and the intelligent tools integrated into Big Technologies’ software enable real-time tracking of monitored individuals with high levels of accuracy and reliability. Buddi evidences a substantial reduction in false alerts when compared to competitor systems, which combined with the reduction in subsequent investigations can result in substantial cost savings for customers.
In addition to the high levels of accuracy, the Buddi Smart Tag has several key advantages over its competitors’ devices. The tag is lighter, smaller, has longer battery life and offers a simple, contact free and shorter installation process, providing substantial staff cost savings for customers. This superior product design, coupled with the intelligent monitoring software, typically comes at a small price premium to competitor devices, however, the overall effectiveness and reliability of the solution, combined with the substantial cost savings delivered as a result of reduced monitoring costs have helped Big Technologies deliver strong revenue growth from both existing and new customers. The Company leases its devices and software solutions to customers typically based on daily or monthly rates.