As published on The OTC Investor on April 8, 2015 by Ryan Allway:
There is little doubt that we live in a litigious society, especially when it comes to large corporations. According to Forbes, 5,000 lawsuits are filed against Wal-Mart Corporation (NYSE: WMT) each year, which amounts to 17 lawsuits for each working day. Governments are no exception: The New York Police Department alone gets sued an average of 10 times each day, according to Gothamist.
With many lawsuits hinging on evidence from communications, the market for email archiving – software used to store and easily access corporate or governmental email communications – has skyrocketed. Transparency Market Research projects that the global e-Discovery market will grow at a 15.4% clip through 2017 to reach nearly $10 billion in size, driven by increased litigation and the need for records.
Sonasoft Corp. (OTC: SSFT) is a leader in email archiving and e-Discovery software solutions that doubled its revenue last year and registered a profit on the bottom line – a rare occurrence in the world of micro-cap stocks trading over-the-counter. In this article, we’ll take a look at why investors may want to take note of the company moving forward.