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Sonasoft (SSFT) Reports First Quarter Results; Revenue Rose 127 Percent from One Year Ago

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“Sonasoft continues to be on track, and its Q1 revenue is up 127 percent.”

SUMMARY

Sonasoft Corp. (OTCPK:SSFT) released its first quarter (Q1) financial results. Revenue has increased by 127 percent from those of last year, Q1 2014.

FOR IMMEDIATE RELEASE

(As published on PR Newswire and PRWeb)
May 20, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in business continuity software solutions and professional services announced its financial results for its first quarter in fiscal year 2015 (Q1). Sonasoft Corp posted quarterly revenue of $282,064. Sonasoft’s revenue grew by 127 percent when compared to the $124,422 in revenue from the same quarter last year, Q1 2014.

“Sonasoft continues to be on track”, said Andy Khanna, President and CEO of Sonasoft. “On March 17, 2015, we announced that our projected topline Q1 revenue was to grow 60 percent from the prior year. After finalizing our numbers, Sonasoft exceeded that estimate and grew by 127 percent from the same quarter in 2014. The company’s professional services continued to fuel this growth. We have seen an increase for our Microsoft Exchange Server migration services and for our data export services of competing legacy archive solutions. Demand for our email archiving solutions also remains strong, and we recently announced new features and enhancements to our email archiving software.”

“On the operational side”, continued Andy Khanna, “Sonasoft is close to completing its two-year audit. As announced on March 6, 2015, Sonasoft plans to uplist to OTCQX of OTC Markets, after this audit is complete. Completion of this two-year audit will allow us to raise more capital to invest back into the company. Sonasoft recently expanded its sales force to include a specialist in the banking sector to increase our market share in this vertical. Similarly, Sonasoft has begun to implement an automated marketing solution to fuel its sales funnel with fresh leads. These initiatives will help sustain the financial momentum in the quarters ahead.”

To be informed of Sonasoft Corp’s (SSFT) finances on OTC Markets:

http://www.otcmarkets.com/stock/SSFT/quote
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Sonasoft Captures Customers from Legacy Email Archiving and eDiscovery Systems

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“We have expanded our professional tech support staff; we now know the ins and outs of Mimosa and NearPoint legacy email archiving systems.”

SUMMARY

Sonasoft Corp. (OTCPK: SSFT) announces that it now offers technical support to competing legacy Mimosa and NearPoint email archiving systems.

FOR IMMEDIATE RELEASE

(As published on PRWeb)
April 30, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in email archiving solutions and business continuity services, announces that it now offers technical support to competing legacy Mimosa and NearPoint email archiving and eDiscovery systems. This tech support service will complement and fuel Sonasoft’s data export and migration services for the aforementioned legacy Mimosa and NearPoint archive and eDiscovery products as well as add revenue to Sonasoft’s bottom line.

“We recognized a void in the industry”, said Neil Khanna, Vice President of Client Services and Operations. “Mimosa and NearPoint email archiving software solutions were, at one point, on the roadmap to being no longer officially supported, yet their former customers have real issues that need to be resolved now. We had customers that wanted us to export their legacy NearPoint and Mimosa data, but they needed to address some critical issues before they could get started. Sadly, there was no one that could help them at that time. Now there is.”

“We have expanded our professional tech support staff; we now know the ins and outs of Mimosa and NearPoint legacy email archiving systems”, continued Neil Khanna. “As a result, we now offer affordable tech support to both legacy Mimosa and NearPoint email archiving and eDiscovery products. Potential customers can now engage with Sonasoft’s technical abilities to resolve most issues with their Mimosa and NearPoint legacy email archives. This expansion of our professional services naturally will lead to increased opportunities for additional export services, professional migrations, and adoption of our email archiving services. It also will help grow our bottom line and diversify our income stream.”
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Sonasoft to Ramp up Email Archiving and eDiscovery Sales in Banking Sector

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“There is a huge need in the financial sector for the email archiving and eDiscovery solutions that Sonasoft brings.”

SUMMARY

Sonasoft Corp announced that it has hired senior IT and sales veteran, James McDonald, to be its sales representative, with the goal to increase its market share of email archiving and eDiscovery solutions with regional banks and credit unions.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
April 15, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in enterprise-class email archiving and eDiscovery solutions, announced that it has retained senior IT and sales veteran, James McDonald, to be its sales representative, with the goal to increase its market share of email archiving and eDiscovery solutions with regional banks and credit unions. Mr. McDonald brings over forty years of experience in the IT sector where he worked with such industry leaders as IBM, NCR, BancTec, and Advanced Computer Systems, where he designed, implemented, and managed software implementations and lead sales. The majority of Mr. McDonald’s IT and sales experience has been with financial institutions, and he brings expertise in such mission critical banking software solutions such as Core Accounting Systems (CAS), proof of deposit, imaging, networking, migrations, software compliance, etc.

“Sonasoft could not have found a better person to be our Account Representative for Regional Banks and Credit Unions”, said Andy Khanna, President and CEO of Sonasoft. “Mr. McDonald is one of those rare, talented professionals that not only knows the nuts and bolts of technology, but also has the persuasion skills to convey the bottom line value Sonasoft’s email archiving and eDiscovery solutions bring to the financial sector. We have full confidence that Mr. McDonald will help take Sonasoft to the next level.”

“This is the right time to enter the email archiving and eDiscovery field”, said James McDonald, Sonasoft’s Regional Representative for Banks and Credit Unions. “There is a huge need in the financial sector for the solutions that Sonasoft brings. Its email archiving and eDiscovery software is enterprise-class and feature rich. It brings tremendous value at a price point that most competitors cannot match. Finally, as someone who has a background with customer satisfaction, end-user experience, and software implementation, I cannot stress enough the true value that tech support brings. Sonasoft has a history of excelling in customer satisfaction with its always-there-for-you support. I look forward to being a part of Sonasoft’s success with regional banks and credit unions.”

For a case study about Sonasoft’s eDiscovery and email archiving solutions for banks and credit unions:

http://www.sonasoft.com/ediscovery-solution-for-banks/
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Sonasoft Extends No-cost Email Archiving and eDiscovery Software Promotion to K-12 School Districts

Free Email Archiving and eDiscovery Solutions for K-12 School Districts
“School district IT admins appreciate the advantages of Sonasoft’s email archiving and eDiscovery software.”

SUMMARY
To assist U.S. K-12 school districts plan their annual budgets, Sonasoft Corp extends its ‘No-cost eDiscovery and Email Archiving Software Promotion’ with purchase of professional installation and an one-year maintenance contract.

FOR IMMEDIATE RELEASE
(As published on PRWeb)
March 31, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in enterprise-class email archiving and eDiscovery solutions, announced that it has extended its ‘No-cost eDiscovery and Email Archiving Software Promotion’ with purchase of professional installation and an one-year maintenance contract.  This extension will allow U.S. K-12 school districts an opportunity to budget an email archiving solution into their fiscal year, which often starts on July 1.  School districts can achieve compliance as well as lock in their savings provided that they attain a quote on or before June 30, 2015, which is when this offer ends.

“We had a very positive response to our school district promotion, and it makes sense to continue it, so that it aligns with the schools’ fiscal year,” said Douglas MacKallor, Head of Sonasoft’s Marketing Department.  “School districts appreciate the benefits of Sonasoft’s enterprise-class email archiving and eDiscovery software.  IT admins can produce all the requested email in just minutes when asked by the school’s legal counsel.  Our software also reduces the storage size of their Microsoft Exchange Servers, which makes their Exchange Servers easy to manage.  One feature that school districts really like is Sonasoft’s content identification and review management.  If someone wrote an email with the phrase ‘the bomb’, our software instantly can flag this email for urgent review.  An IT admin quickly can determine if the phrase is just ‘trash talk’ or a possible threat.  Then, the IT admin can enter notes in our email archiving solution so that others can see that the questioned email was reviewed and if there was any follow up action such as a ‘thoughtful conversation’ with the sender about the appropriate use of the school’s email system.  Regardless, Sonasoft is happy to make its email archiving and eDiscovery software very obtainable during the budgeting cycle of U.S. school districts.”

More details about Sonasoft’s No-cost Email Archiving and eDiscovery Software Promotion for school districts:

http://www.sonasoft.com/products/email-archiving-promotions/free-email-archiving-schools/
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Sonasoft’s Annual Revenue is Up 58 Percent as Company Announces Unaudited Fiscal Results

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“Sonasoft’s Annual Revenue is Up 58 Percent as Company Announces Unaudited Fiscal Results.”

SUMMARY

Sonasoft Corp. (OTCPK:SSFT) reported its unaudited revenue for its fiscal year 2014 is $802,819, which is a 58 percent increase from its revenue of $506,569 of fiscal year 2013.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
March 25, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in email archiving and eDiscovery software solutions as well as professional services reported its unaudited revenue for fiscal year 2014.

Key Highlights for Fiscal Year 2014:

  • Increased annual revenue by 58 percent
  • Launched cloud-based email archiving services
  • Expanded professional services to export data from competing archiving systems
    Doubled sales staff and marketing initiatives
  • Penetrated new marketing vertical of regional banks

Annual revenue for its fiscal year 2014 is $802,819, which is a 58 percent increase from its revenue of $506,569 of fiscal year 2013. Sonasoft attributes this positive growth to a steady demand for its email archiving and eDiscovery solutions, as well as a significant increase for demand of its professional services, including Microsoft Exchange Server migrations and data exports of competing email archiving systems.

“Sonasoft is seeing the fruits of its hard work and strategic planning”, said Andy Khanna, President and CEO of Sonasoft Corp. “We had a strong year with our email archiving and eDiscovery software and even a bigger year with our professional services. In 2014, we launched our hosted email archiving and eDiscovery services, SonaCloud, Cloud-based Email Archiving. We also launched a new professional service to migrate the data from competing email archiving systems into a standard data format. We often were able to convert our customers of export services into customers of our eDiscovery and email archiving solutions. In 2014, we also doubled our sales force and added more marketing initiatives. We will continue this trend to expand our sales and marketing initiatives throughout 2015. During fiscal year 2014, Sonasoft’s email archiving software also penetrated a new marketing vertical with regional banks and credit unions.”

“In addition to the business wins, Sonasoft reached some financial milestones in fiscal year 2014”, continued Andy Khanna. “First, Sonasoft obtained SEC approval and began public trading on OTC Markets with the ticker ‘SSFT’. Fiscal year 2014 also marks our third consecutive year of growth, and we had a phenomenal fourth quarter in 2014. The revenue from Q4 provided Sonasoft with momentum into our fiscal year 2015. As announced on March 17, 2015, Sonasoft is expected to beat its Q1 2015 revenue by 60 percent or greater from the same quarter a year ago.”

To be informed of Sonasoft Corp’s (SSFT) finances on OTC Markets:

http://www.otcmarkets.com/stock/SSFT/quote
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Sonasoft’s Hosted Email Archiving and eDiscovery Solution Breaks into the Municipality Sector

SonaCloud, Cloud-based Email Archiving and eDiscovery Solutions
“SonaCloud, Cloud-based Email Archiving Service works in conjunction with Microsoft Office 365, and our customers can save significantly.”

SUMMARY

Sonasoft Corp. (OTCPK:SSFT) announced that its hosted email archiving and eDiscovery solution, SonaCloud, was adopted by a municipality in Wyoming as a cost-effective complement to Microsoft Office 365.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
March 19, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in business continuity software and services announced that its hosted email archiving and eDiscovery solution, SonaCloud, was adopted by a municipality in Wyoming as a cost-effective complement to Microsoft Office 365.  This allowed the municipality to retain all the email from past employees and contractors without having to pay for a full user license of Microsoft Office 365 for mailbox accounts that are no longer active.  The same municipality retained Sonasoft’s on-premise email archiving and eDiscovery software, SonaVault, to retain all of its historical email archives.  This dual use of on-premise and hosted archiving solution also saved the municipality the cost associated with ingesting its old email archives into the cloud.

“Sonasoft is completely committed to Microsoft technologies”, said Neil Khanna, Vice President of Client Services and Operations.  “We have embedded Microsoft technology in our products to support Microsoft Business Solutions.  Our most recent hosted email archiving solution, SonaCloud, continues this streak.  SonaCloud, Cloud-based Email Archiving Service works in conjunction with Microsoft Office 365, and our customers can save significantly.  Our SonaCloud service fee per mailbox is just a fraction of a full user account for Office 365.  Therefore, our customers do not have to pay for a full license of Office 365 just to retain the old email of people who have left their organizations.  This affordability allows municipalities, as well as other customers, to gain the benefits of Microsoft Office 365, which might not have been cost-effect otherwise.  It also allows them to retain all their emails, which in most cases is required by law.”

To obtain a no-cost professional evaluation and learn more about SonaCloud, Hosted Email Archiving and eDiscovery Service Solutions:

http://www.sonasoft.com/products/sonacloud-cloud-email-archiving/
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Sonasoft’s Topline Q1 Revenue Projected to Grow 60 Percent from Prior Year

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“Sonasoft projects that its topline Q1 revenue will grow 60 percent from its Q1 of last year.”

SUMMARY

Sonasoft Corp. (OTCPK:SSFT) announced that its topline revenue for Q1 is expected to increase 60 percent from that of the prior year.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
March 17, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in business continuity software solutions and professional services announced that its first quarter’s topline revenue is expected to grow by at least 60 percent when compared to its revenue from same quarter in 2014.  This positive projection is attributed to the continued demand for Sonasoft’s email archiving products and professional services.  New marketing initiatives and the hiring of additional sales staff also have impacted revenue positively.  The actual numbers will be announced later on OTC Markets under the listing of Sonasoft Corp. (SSFT) on or before, May 15, 2015.

“Sonasoft is doing all the right things”, said Andy Khanna, President and CEO of Sonasoft Corp.  “Our email archiving product offering is strong, and we recently announced new features to fuel our market growth.  Demand for our professional services, which include data export of competing email archiving software and Microsoft Exchange Server migrations, also remains very strong.  Just as important, we focus our efforts on areas that could help us keep growing our company.  We recently expanded our marketing initiatives and doubled our sales staff.  The sales pipeline that these investments achieved are now converting into topline revenue.  We expect that our recent growth increase to continue for the quarters ahead.”

To be informed of Sonasoft Corp’s (SSFT) finances on OTC Markets:

http://www.otcmarkets.com/stock/SSFT/quote
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Sonasoft (SSFT) Announces Plans to Uplist Company to OTCBB

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“Sonasoft Plans to Uplist Company to Over-the-Counter Bulletin Board (OTCBB).”

SUMMARY

Sonasoft Corp. (OTCPK:SSFT) announced that it has engaged in a two-year audit to uplist to the Over-the-Counter Bulletin Board.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
March 6, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT) (the “Company”), a leader in business continuity software solutions and services, announced that it has engaged with MaloneBailey, LLP for a two-year audit. Once the two-year audit is complete, the Company will announce its year-end results and intends to uplist from the OTCPink (OTCPK) to the Over-the-Counter Bulletin Board (OTCBB). This two-year audit is expected to be completed during the second quarter of this year.

“Sonasoft is fully committed to add shareholder value and raise the necessary capital to bring the company to the next level”, said Andy Khanna, President and CEO of Sonasoft Corp. “We commenced in a two-year audit in December 2014, and we expect to complete this audit during the second quarter of this year. Once Sonasoft is listed on the Over-the-Counter Bulletin Board (OTCBB), we anticipate opportunities that could help our company raise additional capital to expand our product lines of email archiving, eDiscovery, and business continuity solutions. Sonasoft’s management team is committed to good corporate governance, and our engagement to a two-year audit is just the next logical step.”

The completion of this audit is subject to due diligence. There can be no assurance that such endeavor will be completed.

To view Sonasoft’s (SSFT) financial statements and other filings or disclosures on OTC Markets:

http://www.otcmarkets.com/stock/SSFT/quote
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Email Archiving and eDiscovery Software by Sonasoft Now Supports Microsoft Exchange Server 2013

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“SonaVault Email Archiving and eDiscovery Software is now fully compatible with Microsoft Exchange Server 2013.”

SUMMARY
Sonasoft Corp. (OTCPK:SSFT) announces that its SonaVault Email Archiving and eDiscovery Software Solutions now fully support Microsoft Exchange Server 2013.

FOR IMMEDIATE RELEASE

(As published on PRWeb)
February 24, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in business continuity software solutions and services, announces that its SonaVault Email Archiving and eDiscovery Software now fully supports Microsoft Exchange Server 2013. This update is available immediately to all of Sonasoft’s existing email archiving customers.

“Sonasoft strives to offer new features and enhancements to our products and services”, said Neil Khanna, Vice President of Client Services and Operations. “Since Microsoft ended it support to Microsoft Exchange Server 2003 almost a year ago, we have seen an uptick in our Exchange Migration Services. We noticed that our customers want to future-proof their investment with their email systems and upgrade to Microsoft Exchange Server 2013; they also still want to maintain their ability to manage their email archives with our full feature set. Our latest software update will allow IT admins to obtain several more additional years out of their email ecosystems and get the benefits of Sonasoft’s email archiving and eDiscovery solutions to manage their email data. IT departments now can upgrade to Microsoft Exchange Server 2013 with confidence.”

“Sonasoft is aligned with Microsoft technologies”, said Bilal Ahmed, CTO and Vice President of Engineering. “We always design our solutions to enhance the Microsoft Business Software experience. Our latest update to SonaVault Email Archiving and eDiscovery Software makes our solution completely compatible with Microsoft Exchange Server 2013. Customers can now continue to reap the benefits from our email archiving and eDiscovery software and gain the advantages from Microsoft Exchange Server 2013 such as an enhanced Webmail experience, increased security, and a big boost in performance.”

For more details about SonaVault eDiscovery and Email Archiving Software Solutions, and to obtain a complimentary consultation:

http://www.sonasoft.com/products/sonavault-email-archiving-software/

About Sonasoft

Sonasoft Corporation is a publicly traded listed on the OTC Markets with the trading symbol SSFT. Sonasoft’s core business model includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Sonasoft’s signature products for eDiscovery tools, which include SonaVault Email Archiving and eDiscovery Software as well as SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of small and medium-sized businesses, governments, school districts, organizations, and enterprises. Sonasoft recently expanded its product offering to include email archiving in the cloud as well as data export and migration services for competing archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptional degree of high customer satisfaction. Founded in 2003, the company is headquartered in San Jose, California.

For more information about Sonasoft’s email archiving solutions and business continuity software, contact:

Douglas MacKallor
Sales and Marketing for Sonasoft Corporation
Direct: (408) 708-4000
Source: http://www.sonasoft.com

# # #

Forward-looking Statements

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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Sonasoft (SSFT) Reports Fourth Quarter (Q4) Results; Revenue Rose 160 Percent from the Previous Quarter

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“Sonasoft Reports Fourth Quarter (Q4) Results; Revenue Rose 160 Percent.”

SUMMARY

Sonasoft Corp released its Fourth Quarter (Q4) financial results. Revenue has increased by 160 percent from third quarter of 2014 and has increased by 217 percent from the Fourth Quarter 2013. This growth is accounted for by the increased sales in Sonasoft’s products and a significant increase in Sonasoft’s professional services.

FOR IMMEDIATE RELEASE

(As published on GlobeNewswire)
February 18, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Solutions, announced its financial results for its fiscal 2014 Fourth Quarter (Q4). Sonasoft Corp posted quarterly revenue of $401,000. Sonasoft’s revenue grew by 160 percent when compared to the $150,000 in revenue from its previous quarter, Q3 2014. Compared to the same quarter last year, Q4 2013, the Company’s revenue is up by 217 percent.

“On January 7, 2015, we communicated to the market that Sonasoft projected an increase of 135 percent in Q4 from the previous quarter”, said Andy Khanna, President and CEO of Sonasoft. “After finalizing our financials, we exceeded our previous estimate and grew by 160 percent from our previous quarter and over 200 percent from the Fourth Quarter of 2013. Sonasoft’s professional services have fueled this growth. We saw a significant increase in demand for our Microsoft Exchange Server Migrations. Customers who were on Microsoft Exchange Server 2003 and 2007 wanted to obtain the performance and security benefits of Microsoft Exchange Server 2010 and 2013. Sonasoft now will invest heavily in sales and marketing to continue its financial momentum through the upcoming quarters.”

To view Sonasoft’s (SSFT) Q4 Financials and other filings and disclosures on OTC Markets:

http://www.otcmarkets.com/stock/SSFT/quote
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