Sonasoft Corp. (OTCPK: SSFT) announces that it is shifting its primary focus to become an AI-first company with new artificial intelligence (AI) innovations.
FOR IMMEDIATE RELEASE
(As published on Nasdaq GlobeNewswire)
June 22, 2018 - San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions, is pleased to announce that it is shifting its primary focus to become an AI-first company.
The Company’s technical development team has been working behind the scenes to assess developing AI solutions that target a broad scope of industries and applications. The Company is integrating a breakthrough AI platform, which is nearly ready for market. One of the intended points of entry will be the integration of innovative AI capabilities into the existing SonaVault eDiscovery Solution.
SonaVault is an intelligent email archiving and eDiscovery solution, which is utilized by government, large corporations, banks, municipalities, legal, and other sectors. These markets have stringent requirements to maintain archives and be able to produce emails and documents upon request for the purposes of audit, litigation, compliance, or internal inquiry.
The integration of the AI application with SonaVault will allow organizations to fulfill discovery requests with pinpoint accuracy as well as significantly reduce legal and other administrative costs. For example, a typical discovery search without AI produces emails with specific criteria such as sender, recipients, keywords, subject line, and date. Data produced under these circumstances usually include multiple irrelevant emails, which a member of the organization’s legal team must manually review. This labor-intensive review process can result in significant additional staffing costs. Moreover, it can result in significant expenditures, delays, human error, and potential bias. Sonasoft intends to integrate an AI solution that automatically and intelligently strips out unnecessary information like personal emails, removes irrelevant results, and leaves only the relevant emails to be examined.
"Sonasoft’s AI enhanced eDiscovery solution will automatically classify and tag documents into categories," said Bilal Ahmed, CTO and Vice President of Engineering. "The system's continuous learning capabilities create new assisted and suggested recommendations that improve the workflow for auditors and attorneys. Over time, the system is designed to learn from user input and increase its ‘intelligence’, relevancy, and insights. The new AI technology-enhanced solution is a disruptive innovation that has the capacity to transform the eDiscovery landscape."
Sonasoft expects that its AI enhancements will be introduced into the SonaVault eDiscovery Solution within the next six months.
The Company intends to further increase its focus on the development of enhanced Artificial Intelligence technologies that deliver disruptive AI solutions to a broad range of markets moving forward. The Company has been in discussions with large enterprise customers that are interested in the Company’s AI solutions. Further details related to the Company’s progress in AI and other technology solutions can be expected shortly.
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Sonasoft Corporation is a publicly traded corporation and is listed on the OTC Markets under the trading symbol SSFT. Sonasoft is now an AI-first company. The Company intends to integrate artificial intelligence (AI) into the Company’s core business model, which 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 5.0 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. The company also launched SonaSecure, which protects systems from ransomware and other email-based threats as well as provides email continuity services. In addition, Sonasoft offers data export and migration services for competing for email archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptionally high degree of 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:
Mike Khanna, President
Phone: (408) 708-4000
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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.