Just how big a deal is Envirosuite's China deal. Behind the Announcement.

It's been a big week for the "As a Service" sector.

First it was Droneshield's British Telecom deal and now Envirosuite has opened up a fifth business market in China.

Envirosuite [ASX:EVS] is an environmental management technology company that has developed a Solution-as-a-Service offering which translates data into action in real-time.

KEY HIGHLIGHTS OF THE ENVIROSUITE CHINA ANNOUNCEMENT.

Envirosuite initiates entry into China, the world’s largest market for its solutions via a placement of 50,000,000 shares at A$0.08 per share to ZZL Pty Ltd, owned by Zhigang Zhang.

Zhang has worked in the water remediation and the environmental protection industry in China and overseas for over 30 years and according to Envirosuite is internationally renowned.

Binding agreement signed for a strategic investment coupled with performance options vesting on

minimum China revenues of A$10m being achieved by 31 December 2021

Envirosuite says the deal is perfect timing, as environmental concerns are amongst the highest public policy matters in China.

I spoke with Envirosuite CEO Peter White a short time ago.

We do not recommend or advise to buy or sell shares in Envirosuite. The InsideMarket Private Fund does not own shares in Envirosuite at the time of writing.We have not received any payment from the company for this coverage. Disruptive technology stocks should be considered very speculative, high-risk, and extremely volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.

How will Envirosuite double revenue each year?

For a tech company, Envirosuite (ASX:EVS) has a distinct, old school feel to it.

No flashy offices, or expensive furnishings to be found in its new digs in Sydney.

Instead, CEO Peter White, seems less like the head of a leading global tech company, and more like a solid, reliable, father-figure type. No Air Jordans or Tech Fleece tracksuits here.

For this environmental management Software as a Service company, it is a sleeves up, get on with it approach, which has paid off so far.

Envirosuite doubled its revenue in its first full year as a pure play technology business.

And if White can deliver on his promise, to maintain 100% a year growth for the next two years, he says every revenue dollar after that, will add seventy cents to the bottom line.

Insidemarket's Phil Carey, sat down with Peter White, for a Sunday Morning catch-up, to find out how he intends to pull it off.

We do not recommend or advise to buy or sell shares in Envirsuite. The InsideMarket Private Fund does not own shares in Envirosuite at this time and we have not received any payment from the company for this coverage. Shares like this should be considered very speculative, high-risk, and very volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.