Forwardly Inc (FORW)

[OptionsBoy]

Potential Merger Candidate CSIdentity DD Recap from many of today's posts:

First of all, don't in any way read this post to be comprehensive, this is just beginning to scratch the surface in my opinion..
I just want newcomers and all to get an idea of how huge of a deal this is going to be.

If I missed anything major that was posted today about CSIdentity, please reply to this post and link it so others can find it.

Please keep searching and finding more awesome stuff and thanks to all who daily contribute to the excellent DD on this board.

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1. Why does CSIdentity have a good chance of being the merger candidate?
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Many on the board have received communications that there is some type of partnership already between the two for the past few months: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60513855

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60513717

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60514056



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2. Why is CSIdentity a good company?
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Excerpts from the link in this post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60513424

A company called InvestCorp saw fit to invest $35 million dollars into CSIdentity. Some of the quotes from that article coming from InvestCorp show extreme confidence in that investment..

This article is from over a year ago.. They have obviously grown since then..

Morrow said CSI has annual revenue "well north of $10 million" and an investment value of about $100 million.
Morrow said his company and its new investors aim to build a company that will be worth between $500 million and $1 billion over the next several years.

Investcorp says it targets companies in high-growth markets that have shown signs of early success.

"We are very picky," said Alex Guira, co-head of Investcorp's technology investment arm. "We looked at 2,500 potential deals in 2009, and this is the only deal we did."

Guira said his company likes CSIdentity's management team, its established base of security software, its emerging market leadership and its recurring revenue.

Out of 2500 companies, CSIdentity was the only one that Investcorp saw worthy and felt confident to invest in.



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3. What kind of clients does CSIdentity service?
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First of all, look at their client list page on their website..
This says is just lists a few of their clients..
http://csidentity.com/client-list.php
Names such as Homeland Security, FEMA, Equifax, Unisys, Security Service Federal credit union

AT&T:
http://test-idprotect.csidentity.com/learn

Employer Solutions Group:
http://www.csidentity.com/esgtexas/

Treaty Oak Bank:
http://www.csidentity.com/treatyoak/

Cypress Bank:
http://csidentity.com/cypressbank/

Mom's Best Friend Agency:
http://www.csidentity.com/MBF/

Mutual Savings Credit Union:
http://www.csidentity.com/mscu/

EnergyOne Federal Credit Union:
http://www.csidentity.com/energyone/

Smith College:
http://www.csidentity.com/smith/

Ultimate Choice Travel:
http://www.csidentity.com/ultimatechoicetravel/

Manchester Community College
http://www.csidentity.com/mcc/

University of freakin Oklahoma:
http://www.csidentity.com/OU/

Administaff
http://www.csidentity.com/administaff/

Housatonic Community College
http://www.csidentity.com/HCC/


AT&T's policy seems to be to pay for free credit monitoring service for data breached customers: CSIdentity is their service of choice.
http://news.cnet.com/AT38T-hack-exposes-19,000-identities/2100-1029_3-6110765.html

Security Service Federal Credit Union - markets CSIdentity to their over 590,000 members.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60513028


Here's another data breach: ~15,000 affected clients.. CSIdentity services were the service of choice:
http://www.myfox8.com/wghp-story-moses-cone-laptop-090414,0,6821470.story

And yet another, State of Connecticut paying for CSIdentity service for customers
http://www.ct.gov/trb/cwp/view.asp?Q=468948&A=1598

There's lots of these...


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4. What could this be worth if CSIdentity is the candidate?
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CSIdentity is a private company and of course doesn't post public financials and figures. The only thing I have found that puts some type of number is the comment from the article above, which is over a year old where the CEO states they have revenues well north of 10 million.
This figure is probably much more now being over a year later, plus it will be coupled with whatever revenues/partnerships/clients/etc. Guard Dog brings to the table to create an even bigger and more profitable company.

This is going to be a HUGE HUGE deal if we find out CSIdentity is who we are merging with. We could instantly be worth somewhere in the .20-.50 range or more based on CSIdentity's revenues alone. Can't wait till the bomb drops to make it final Mid-March and see some financials!