Sonasoft (SSFT) to Become an AI-First Company with New Artificial Intelligence (AI) Innovations
June 22 2018 - 10:02AM
InvestorsHub NewsWire
SAN JOSE, CA -- June 22, 2018 -- InvestorsHub NewsWire --
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.
For a no-cost consultation and to learn more about more about
the power of SonaVault eDiscovery Solution, visit us here:
https://www.sonasoft.com/products/sonavault-email-archiving-software/ediscovery-software-ediscovery-tools/
To obtain the latest company updates in between press releases,
please follow us on Twitter @Sonasoft or visit us here:
https://twitter.com/Sonasoft
About Sonasoft
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 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.
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.
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
Sonasoft (CE) (USOTC:SSFT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sonasoft (CE) (USOTC:SSFT)
Historical Stock Chart
From Sep 2023 to Sep 2024