SAN JOSE, CA, Might 16, 2019 (GLOBE NEWSWIRE) – by way of NEWMEDIAWIRE – Sonasoft Corp. ( OTCQB: SSFT ), a leading supplier of progressive eDiscovery and Artificial Intelligence ( AI), and Sonasoft, Cornerstone Technologies, is pleased to report at the top of the fiscal yr (FSE). With its audited income, Sonasoft released $ 978,882 for the monetary yr 2018, which is almost 72 % greater than the $ 570,000 tax revenue for 2017. Cornerstone Applied sciences launched unaudited revenue of $ 10,470,986 for the financial yr 2018. The internet gross sales of these two corporations are $ 11,449,878. The combined end result represents an increase of greater than 1,900 % compared to the same period last yr compared to Sonasoft's 2017 outcome. The merger was accomplished in September 2018 when the inspection requirement was met; Nevertheless, California's Secretary of State didn’t talk about the finalization of the merger between Sonasoft Corp. and Cornerstone Applied sciences until January 15, 2019. Subsequently, the accounts of each company have been submitted separately for the monetary yr 2018.
completed ThayerONeal, Certified Public Accountants, two-year audit for the years 2017 and 2018. The company's whole auditor's report is obtainable to evaluation the OTC market as Sonasoft Corp's (SSFT) profile:
The company continues to integrate with Cornerstone Applied sciences and Hotify, Inc. The expected synergies between these acquisitions and mergers have led to tangible outcomes that have a constructive impression on the corporate's prime earnings and earnings. For example, the corporate has been capable of utilize Cornerstone Technologies' strong company clientele to create new alternatives for installing Sonasoft software program solutions that embrace the company's wholly owned mental property (IP). This business model has not led the company to override competing solutions with the SonaVault Enterprise Info Archiving (EIA) software program answer, but has made the corporate's artificial intelligence platform (AI) out there to the company's present company clients.
“Sonasoft and Cornerstone Technologies have surpassed $ 11.4 million and are excited to see our performance ahead,” says Frank Velasquez, CEO of Sonasoft. “The synergy benefits of a merged company have already produced impressive results. Cornerstone station instead, which sells only third-party solutions, we can now offer their own IP osoitteitamme. For example, as a result of the merger, we obtained a significant contract with SonaVault Enterprise Information Archiving software solution on the San Jose Sharks hockey team by transferring a significant competitive solution. Other businesses deal with works that include the recently revived SonaSQL backup, recovery and replication software. The company has also expanded its signature software so that it can archive over forty data points, such as social media platforms, cloud-based file sharing sites and chat applications such as Twitter, Facebook, Skype, SharePoint, OneDrive, ShareFile, Jabber, Slack, Yammer and more . Sonasoft's archive solutions have expanded beyond email and are perfect for capturing your business in valuable business space. ”
“ The most exciting is the potential of our artificial intelligence platform (AI), NuGene, ”continued Frank Velasquez. “We have received several proofs of concepts (PoCs) with our existing corporate customers and some of the biggest technology names this year. Detailed information will be provided if necessary. We expect 2019 to be a year for many winning companies in the yard. ”
Extra upgrades might be anticipated for the Company and its enterprise archiving (EIA), eDiscovery and Artificial Intelligence (AI) initiatives.
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Sonasoft Company is a publicly listed company is listed on the OTCQB Markets market underneath the buying and selling code SSFT (OTCQB: SSFT). Sonasoft is the first AI company to give attention to translating intelligence and solutions. Sonasoft's key provides and providers embrace knowledge retention via enterprise archiving (EIA), backup and restoration, copying and transitions. The company then makes this info visible and achieves compliance with its eDiscovery options. Most significantly, Sonasoft transforms enterprise info into intelligent AI insights and artistic solutions that increase return on funding. Briefly, the Company supplies closed-loop info to make sure that corporations retain info, search for info, and make the most of their information to make the most effective enterprise selections attainable.
The firm integrates artificial intelligence (AI) The company's core business mannequin, which includes enterprise-class archiving, eDiscovery, and business continuity software solutions for Microsoft Enterprise methods in Microsoft Home windows environments. Sonasoft Signature Products for eDiscovery Tools, Together with SonaVault 6.1 Enterprise Archiving and eDiscovery Software, and SonaVault Enterprise Info Archiving Appliances that Present Reasonably priced Enterprise Degree Exceeding Compliance and Ease of Use for Giant and Medium-Sized Enterprises, Governments, Faculty Districts, organizations and companies. The company lately up to date and launched SonaSQL, which permits corporations to simply back up, restore and replicate Microsoft SQL servers. SonaSQL provides corporations the power to seamlessly migrate to Microsoft Azure. The firm also launched SonaSecure, which protects methods towards ransomware and different email-based threats, and supplies e mail continuity providers. As well as, Sonasoft offers knowledge export and switch providers for competing archiving options. There are a whole lot of deployments with exceptionally high levels of customer satisfaction in Sonasoft's enterprise archiving (EIA) and eDiscovery options. Based in 2003, the company is headquartered in San Jose, California.
About Hotifyst (Sonasoft Company)
Hotify is an artificial intelligence (AI) company. The firm is the creator of the NuGene AI platform, which may develop strong bots in minutes. Representatives of NuGene could be utilized to specific uses in several industries and industries. These embrace identifying buyer turnover in the retail sector, machine failure danger in manufacturing, gross sales forecast and demand with Fortune 500 corporations, loss of revenue forecasting based mostly on Salesforce capabilities, and accurate Q&A outcomes with giant on-line self-service centers
developed hundreds of ready-to-use AI elements as well as Many possession algorithms as part of their platform. The firm has international company clients in several market segments.
Hotify's founders have been creating the company and its AI know-how internationally for a few years, however Hotify Inc. was formally established in america in 2018 and is headquartered in Santa Clara, California.
For more information about Hotify Inc. and its superior AI answer, see: http://hotify.ai/
About Cornerstone Applied sciences (Sonasoft Company)
Within the Heart of Silicon Valley, Cornerstone Sonasoft Corp., an entirely owned subsidiary of Applied sciences, is a leading supplier of engineering providers targeted on communications, id management, trendy knowledge middle and managed providers. Cornerstone Applied sciences performs a key position in altering the IT environments of its clients. Cornerstone Applied sciences is a key companion for Microsoft, Dell / EMC, VMware and TransVault, and has built an spectacular customer listing in a number of verticals, including retail, high know-how, healthcare, public transport, and monetary providers.
For extra info on Cornerstone applied sciences, see: https://cornerstonetechnologies.com/
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