Sonasoft Corp (SSFT) wins contracts worth over $100K with a major California School District for data protection solutions.
(As published on Nasdaq GlobeNewswire)
April 23, 2019 - San Jose, California, Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions and services, is pleased to announce that it has been awarded contracts from a major California School District to provide data protection solutions through its subsidiary, Cornerstone Technologies. The total revenue from these contracts is worth over $100K and opens the door for additional revenue from other solutions and services.
“The sales team has done an excellent job executing on our ‘land and expand’ sales strategy,” stated Frank Velasquez, CEO of Sonasoft Corporation. “As a company, our aim is to enable our clients to gather, analyze, and transform their data for intelligent decision-making. We will continue to progress this goal by coupling our data archival, backup and replication, data discovery, and artificial intelligence solutions into our client base and beyond. Our solutions are complementary and provide add-on opportunities to increase our overall revenue. We are especially excited about the progress being made in our artificial intelligence (AI) technology, which is on track to becoming a disruptive force.”
The Company continues to accelerate forward with its growth and expansion plans. The Company’s sales force has been aggressively pursuing new leads and growing current accounts by offering additional products and services, some of which are newly developed or have been acquired through the strategic acquisitions and partnerships solidified in the past year. Additionally, the Company discussions continue to go well with two potential AI company acquisitions, and the Company has nearly completed the Hotify AI acquisition. The Company is also pleased to announce that its 2018 year-end financials will be posted to OTC Markets in the upcoming weeks.
Further updates regarding the company and its archiving, eDiscovery, and artificial intelligence (AI) initiatives can be expected as initiatives continue to progress.
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Sonasoft Corporation is a publicly traded corporation and is listed on the OTCQB Markets under the trading symbol SSFT (OTCQB: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 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 6.1 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 large and medium-sized businesses, governments, school districts, organizations, and enterprises. The Company recently updated and relaunched SonaSQL. SonaSQL allows enterprises to easily perform backup, recovery, and replication services to Microsoft SQL Servers. SonaSQL also allows enterprises to seamlessly migrate to Microsoft Azure. 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 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.
About Cornerstone Technologies (a Sonasoft Company)
Based in the heart of Silicon Valley, Cornerstone Technologies, a wholly-owned subsidiary of Sonasoft Corp., is a leading provider of engineering services focused on messaging migrations, identity access management, the modern data center, and managed services solutions. Cornerstone Technologies plays a pivotal role in the transformation of their clients' IT environments. Cornerstone Technologies is a key partner to Microsoft, Dell/EMC, VMware, and TransVault, and the Company has built an impressive customer list across multiple verticals, which include retail, high tech, healthcare, public transportation, and financial services.
For further information about Cornerstone Technologies, please visit:
For more information about Sonasoft’s email archiving solutions and business continuity software, contact:
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.
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