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.”
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