Nigeria’s 21st Century Technologies Limited, today made a bold step to tap into the USD12.58 Billion global Web Virtual Conferencing market by launching Konet, a business collaboration tool that will help Small, Medium and Large scale enterprises adapt to the new world of work instigated by the COVID-19 pandemic.

Just like other solution in its class, Konet features include but not limited to Voice, Video, Live Chat, File Sharing with Brand Customisation and empowers businesses to become more productive online.

Speaking during a virtual press conference to launch the service, the Founder and Chief Executive Officer of 21st Century Technologies Limited, ​Wale Ajisebutu​ said the platform was carefully designed to cater to the needs of ​SMEs and Businesses as they face the new normal occasioned by the impact of the Coronavirus pandemic.

“Our plan is to build an ecosystem to enable collaboration, most secure collaboration environment in businesses, add efficiencies to workflows and allow organizations to make decisions quickly with customers, vendors and partners,” he said.

He assured that Konet is a secured platform with enterprise-grade security features and compliance standards to prevent data loss. “Our ISO certifications make us top of the line globally however we’ve ensured that our services remain easily deployed and used by businesses.

“This will help Nigeria as a country to rebuild the damaged economy being caused by COVID-19 pandemic”, the 21st Century CEO added.

Also commenting on the solution, Ibukun Femi-Ajala​, Konet Team Lead stated that the service is targeted at ​Corporates​, Transportation, Retail, Hospitality​, ​Educational Institutions​, ​Government ​and ​individuals.

He said with Konet’s seamless connectivity, brainstorming sessions with your teammates will be more productive. ​“​Konet is more than just a collaboration tool and will become a technology marketplace. We have decided to launch first and then introduce other key features and products in batches. Unquestionably, you will see some features of Konet in other existing products which have been successful”.

While Konet’s biggest challenge could be the conversion ratio from other collaboration platforms, Ibukun believes the effectiveness and features of the platform will distinguish it among peers.

In his words: “Online collaboration has become our new norm with the recent happenings of COVID-19 pandemic crisis, the minds of our target market is re-oriented to the possibility of how effective ‘Work from Home’ can help reduce the running cost and mental wellness of members for most organization, hence the need for a collaboration tool to enhance productivity amongst team members.

The Web Virtual Conferencing market size is USD12.58 Billion in 2020 and it is estimated to reach USD 19.02 Billion by 2025, at a CAGR of 8.6%, according to PRNewswire report.


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