Uniserve’s recent acquisition doubles revenue expectations
September 13 2018 - 9:30AM
Uniserve’s recent acquisition doubles revenue expectations
Uniserve Communications Corporation (Uniserve) is
pleased to announce a doubling of the expected revenues from the
acquisition of RootCellar Technologies in July. RootCellar’s one
month revenue is now anticipated to come in at $1.2M versus the
$600,000 prior expectations, which includes a multi-year contract
to supply the City of Brampton with an enterprise class storage
infrastructure and associated Professional Services to help their
team integrate the platform into their IT environment. The Uniserve
Enterprise Solutions team is in discussion with additional
municipalities and public entities to deliver enhanced storage,
security, and data centre capabilities.
Uniserve has also recently streamlined several key operational
positions within its core business, providing new operational costs
savings of circa $800,000 annualized. This is in addition to the
RootCellar acquisition which has created a strengthening of product
offerings as well as a significant increase in the depth of the
Managed Services portfolio.
CEO Nicholas Jeffery says: “The Uniserve Enterprise Solutions
team is now stronger than ever. Along with the ongoing relationship
with the City of Brampton, we anticipate several more successes
with our Municipal Enterprise strategy.”
The recent RootCellar acquisition also allows the new sales team
to deliver on partnership products using Trustwave and RootSecure,
which primarily provide world class security without the need for
additional resources.
About Uniserve
Uniserve is a 2018 TSX Venture top 50
performance company.Uniserve is a unified communications
company which has been in business for over 30 years, combining
voice, data and media services all into one seamless solution, one
bill and one point of contact. The unique selling proposition of
the business is “SMART” People, Solutions, and Technology with over
13,000 customers spread across residential and enterprise centered
around Vancouver, Calgary and Kitchener-Waterloo.
Uniserve prides itself on world class customer
service based in Canada. When all else is equal, clients can trust
Uniserve to have a great price, a great experience and to be a
company that customers enjoy working with – we call it “ONE click,
call, connect”.
This news release was prepared on behalf of the
Chief Executive Officer and management team, which accepts full
responsibility for its contents.
Learn more at www.uniserve.com or at
www.sedar.com.
Nicholas F. JefferyChief
Executive Officer
For more information please contact Deanie Wong
deanie.wong@uniserveteam.com +1 6043953953.
Neither TSX Venture Exchange nor its
Regulations Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Some of the statements contained in this release
are forward-looking statements, such as statements that describe
Uniserve’s plans with respect to the use of the proceeds of the
Private Placement, anticipated increase in Uniserve’s revenues and
the successful integration of the Acquired Assets into Uniserve’s
existing business in Kitchener. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties, including the risks
related to market conditions and regulatory approval and other
risks outlined in the Company’s management discussions and analysis
of financial results. Actual results in each case could differ
materially from those currently anticipated in these
statement. These forward looking statements are made as of the
date of this press release, and, other than as required by
applicable securities laws, Uniserve disclaims any intent or
obligation to update publicly any forward looking statements,
whether as a result of new information, future events or results or
otherwise.
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