I agree that organically is the key word, but it doesn't necessarily imply no further takeovers. The positive is that any ARR associated with any new acquisitions will be in addition to the $100m.
The key thing over the coming months will be to convince the market that they can execute on the $100m target, whilst keeping costs under control. The next couple of years should be exciting.
Ann: 1st Half FY19 Results Announcement, page-6
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