Sonasoft Corp (SSFT) Jointly Signs Purchase Agreement to Acquire Cornerstone Technologies
May 01 2018 - 7:46AM
InvestorsHub NewsWire
San Jose, CA -- May 01, 2018 -- InvestorsHub NewsWire
-- Sonasoft Corp. (OTCPK: SSFT), a leader in eDiscovery
solutions and business continuity services, announces that it has
jointly signed a purchase agreement to acquire Cornerstone
Technologies and all related interests and assets. The
acquisition will be finalized after both companies have their
financials audited and shareholder approval is obtained.
“Collectively driving Sonasoft to the next level is what this
merger is about,” said Frank Velasquez, President and CEO of
Cornerstone Technologies. “Cornerstone’s strengths are in
marketing, sales, and developing enterprise relationships with
high-end IT services that complement Sonasoft’s excellent
technology and product offerings. We are confident that
together our strengths will yield top-line growth and increase
higher-margin returns.”
“We are committed to a path of acquisitions and have created a
winning strategy to grow,” said Andy Khanna, CEO of Sonasoft.
“Sonasoft provides a public vehicle for the combined companies to
expand and grow. Once the Company has completed the audit,
then we will file with the SEC to become a fully reporting
company. The Company also intends to up-list to the
OTCQB. The Company’s ability to raise capital from these
initiatives will fuel our efforts to acquire additional companies
and technologies that will expand our bottom-line revenue and
market share value.”
The closing of this acquisition is subject to the completion of
due diligence. Both companies will have their financials
audited and shareholder approval will be required before the
acquisition is completed. Shareholders and the investment community
will be kept updated regarding the progress of this acquisition
accordingly.
For a no-cost consultation or to learn more about Sonasoft’s
email archiving and eDiscovery solutions and professional migration
services:
https://www.sonasoft.com
To learn more about Cornerstone Technologies’ services and for a
no-cost consultation for solutions it can provide:
http://cornerstonetechnologies.com
About Sonasoft
Sonasoft Corporation is a publicly traded corporation and is
listed on the OTC Markets under 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 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.
Sonasoft recently expanded its product offering to include an email
archiving and eDiscovery platform in the cloud. The company
currently is developing its second-generation cloud offering, which
also will include a public request workflow with auditing features
and data analytics. 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.
For more information about Sonasoft’s email archiving solutions
and business continuity software, contact:
Mike Khanna, President
Sonasoft Corporation
Phone: (408) 708-4000
Source: https://www.sonasoft.com
Forward-looking Statements
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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