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COMPANYBEO (ASX)

Beonic

Beonic is a venue intelligence software for analytics, customer data and activation.

Analyst Perspective

Beonic is an Australian public software company that sells a cloud-based venue intelligence platform for physical environments including airports, shopping centres, stadiums and other large venues. Its platform aggregates data from WiFi, people-counting systems, cameras, LiDAR, CCTV and operational systems to provide analytics, dashboards, predictive insights and customer data capabilities. The company also offers marketing activation tools built on first-party venue data, including audience segmentation, campaign automation, guest WiFi data capture and in-venue display activation. The business makes money primarily through recurring enterprise software subscriptions for its platform modules and associated data services. Its direct customers are venue operators, property owners, airport teams, marketing teams, IT teams, analysts and commercial managers that need to improve footfall visibility, optimise operations, build first-party customer data assets and activate targeted communications inside physical venues.

Analyst Signal Briefing

No strategic news signals detected in the last 90 days.

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Category Differentiation

Beonic is a B2B venue intelligence and customer data software company for physical spaces, not a consumer app or a general-purpose ad network. It is closer to physical venue analytics and activation software than to pure retail WiFi hardware vendors.

Beonic: About

Beonic operates a B2B software model centred on a unified data layer for physical venues. It ingests operational and behavioural data from venue infrastructure, normalises it, and packages the resulting capabilities into modular software products for analytics, customer data management, marketing activation and in-venue messaging. The value proposition is improved operational efficiency, better visitor insight, stronger first-party data capture and revenue optimisation for venue operators and commercial teams.

How Beonic Works & Monetises

Business model analysis and core revenue streams

Beonic uses a recurring SaaS monetisation model. Revenue appears to come from enterprise subscriptions to platform modules such as analytics, unified data, customer data and marketing activation, with pricing likely shaped by deployment scope, venue footprint, sensor integrations and module mix. Additional monetisation likely comes from implementation and integration work, WiFi marketing capabilities, advanced analytics and bundled multi-module contracts. The product data also indicates a shift away from hardware dependence towards recurring software revenue.

Revenue Channels

Platform subscriptions for analytics and intelligence modulesSoftware Subscription
Customer data and marketing activation modulesSoftware Subscription
Implementation, integration and deployment supportService Fee
In-venue display and monetisation-related capabilitiesSoftware Subscription

Recent Signals (Beonic)

AdzineSep 18, 2013

Be On launcht Insights für digitale Kampagnen

Be On, the global branded entertainment platform from AOL Networks, announced the launch of Be On Insights, a new analytics platform for digital video campaigns. Insights is designed to give brands a comprehensive view of campaign development and ROI, including audience demographics, engagement, competitive analysis, and ROI, all in a single report. The platform leverages data from a broad range of online sources and industry leaders, notably comScore and Research Now, and uses technologies such as facial recognition to capture audience emotional reactions. Be On states that Insights will enable marketers to assess market dynamics and ROI with a holistic, measurable toolbox. René Rechtman, CEO of Be On and Senior Vice President of AOL Networks, emphasized the need for a tool that tracks rapid video campaign evolution and provides detailed, measurable parameters to calculate ROI.

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AdExchangerAug 7, 2013

AOL Nabs Adap.tv For $405M

AOL announced it would acquire video advertising company Adap.tv for $405 million, adding robust programmatic video capabilities to its ad-tech portfolio. Adap.tv offers dynamic bidding and RTB on the buy side and yield-management services on the sell side for video publishers. The company has shown rapid revenue growth, exceeding 100% for each of the last three years, and supported roughly 26,000 campaigns across 9,500 websites in the previous year. The deal positions AOL to capitalize on two trends in the video space: the shift from linear TV to online video and the transition from manual transactions to programmatic media buying. Adap.tv will operate independently under AOL Networks and report to Ran Harnevo, AOL's SVP for video; it will join other AOL networks including Ad.com, Pictela, AdLearn, Be On and ADTECH. Executives underscored the opportunity, with AOL CEO Tim Armstrong stressing the growth of programmatic video and Adap.tv CEO Amir Ashkenazi noting accelerated TV and video advertising.

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Beonic: Frequently Asked Questions

What is Beonic?

Beonic is an Australian public software company that provides venue intelligence, analytics, customer data and marketing activation tools for physical venues.

Who uses Beonic?

Its users are mainly enterprise venue operators and teams at airports, shopping centres, stadiums and similar environments, including operations, IT, analytics and marketing staff.

How does Beonic make money?

Beonic makes money chiefly through recurring enterprise software subscriptions for analytics, data and activation modules, with additional revenue from deployment and integration work.

Company Facts

Founded
2014
Headquarters
Sydney, NSW 2011, AU
Core Segment
B2B SaaS Provider
Company Size
50–200
Official Link
beonic.com