San Jose, March 25, 2015 (GLOBE NEWSWIRE) -- 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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To obtain a no-cost professional evaluation and learn more about SonaVault Email Archiving and eDiscovery Software solutions:
Sonasoft Corporation is a publicly traded listed company 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 Softwareas 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 cloudas well as data export and migration services for competing archiving solutions. Sonasoft email archiving and eDiscovery solutionshave 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:
Andy Khanna, President and CEO
Phone: (408) 708-4000
Media services by Vitello Capital Ltd
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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.
CONTACT: Andy Khanna, President and CEO Sonasoft Corporation Phone: (408) 708-4000 Source: http://www.sonasoft.com