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Vonex Ltd (ASX:VN8)
The number of active private branch exchange (PBX) users registered on Vonex’s cloud-based platforms increased by 2,000 to 34,000 in mid-October from 32,000 in mid-September. Growth in PBX registrations is a key indicator of the group’s business development progress. VNX stated that the primary driver of this record growth is SME users migrating services from competitors; VNX maintains a positive outlook for continued growth in users and is seeing a strong return on its recent investment in marketing campaigns targeting channel partners and end customers.