Small to medium-sized businesses are the backbone of the economy, which is why it’s always exciting to discover companies that are enabling their growth by providing innovative technology solutions.

This is the case with Digerati Technologies, Inc. (OTCQB: DTGI), a telecom and technology provider of cloud-based communication network solutions.

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The Company specializes in Unified Communications as a Service (UCaaS) solutions, which combines Internet-based phone and messaging into a full-featured communications platform.

This technology is highly valued among small to medium-sized businesses as it provides staff with the collaboration and communication tools needed to work from anywhere. It’s easy to recognize the growth potential of this type of technology, particularly given the way that remote work is taking the business world by storm.

Digerati’s robust integration platform also helps to facilitate mergers and acquisitions in a highly fragmented market given its high-quality and cost-effective services.

The Company’s tech-stack serves 28,000 different business users on its platform, and its channel program with over 300 channel partners is a great tool for sales growth.

What’s truly intriguing here is that Digerati’s platform is attractive to businesses across all different industries, including healthcare, real estate, banking, financial services, legal and construction.

According to the Company’s website, over 98% of U.S. businesses are categorized as small to medium-sized, which means there is a large addressable market for Digerati’s transformational telecom solutions.

The Company’s product portfolio includes things like Internet-based telephone products and services delivered through its cloud-based platform and session-based communication network and network services including broadband, fiber, mobile broadband and cloud WAN solutions.

Digerati is nicely positioned to capture market share in high-growth markets like Florida and Texas and uses a “local touch” to disrupt larger national competitors. By offering local customer support and competitive pricing, Digerati can in turn decrease customer churn rates and offer a more personalized touch to each new customer relationship.

Digerati recently reported Q3 earnings that saw the Company’s revenue grow to $3.7 million, up 140% year-over-year along with a customer base increase from 731 to 2,612 in that same quarter.

The Company also has decent fundamentals, including $2.125 million in cash as of April 30, 2021, making it an intriguing nano-cap stock to monitor.

It’s only a matter of time before all small to medium-sized companies rely on this kind of technology to manage their daily operations, which is why Digerati has such attractive potential going forward.