Viyya Xandros Agreement Projects $30 Million Revenue Stream
August 07 2008 - 10:51AM
Marketwired
Viyya Technologies, Inc. (PINKSHEETS: VYON), the developer and
marketer of the world's most advanced, web-based content management
application, announced today its expectations in revenue production
as the Strategic Licensing Agreement with Xandros, Inc. embeds the
Viyya technology in next-generation Linux desktop and server
products, Mobile Internet Devices (MID), and advanced
cross-platform Windows-Linux management tools.
With this contract, Viyya and Xandros enhance their abilities to
meet the needs of the growing number of Linux desktop and mobile
users of the world class Original Equipment Manufacturers (OEMs)
that represent the reseller and partner programs of Xandros.
The Strategic Licensing Agreement provides a means for the
companies to mutually benefit from the recurring revenue stream
generated by embedding the Viyya product into the Xandros product
lines. The companies will work together with Xandros OEMs to ensure
that there is a cohesive strategy pertaining to marketing,
technical, and user support requirements.
Both companies believe there is a tremendous market opportunity
in that the size of the Linux NetBook market alone will exceed
hundreds of millions of users. Embedding the Viyya product with the
Xandros products creates a one time immediate license component,
and a recurring revenue vehicle of $1.99 to $9.95 per month per
user depending on the software version purchased by the end user,
each will be shared by both companies.
According to John Bay, Viyya CEO, "We've worked with the
management of Xandros to develop revenue projections based on their
delivery forecasts for the next three years and based upon these
conservative figures, combined license and recurring revenues
stemming from this contract will surpass $60 million over the
period."
Additionally, based upon the strong synergy that each company
believes exists in this relationship, the Strategic Licensing
Agreement allows for productive future combined efforts to take
advantage of the Viyya technology's capability to manage the
"content and convergence" that will be required as availability of
information continues to explode in the marketplace.
For our company and our shareholders, Bay continued, "We're
expecting to generate revenue from this opportunity during the
fourth quarter of 2008 and to use this period as our platform for
achieving revenues from this relationship with Xandros of $4.9
million in 2009, $10.6 million in 2010 and $14.7 million in
2011."
Viyya management will release additional information regarding
this agreement over the coming weeks such as product releases,
implementation and distribution to partners and other pertinent
items.
About Viyya Technologies
Viyya Technologies (PINKSHEETS: VYON) is the developer and
marketer of the world's most advanced, web-based information
management application. The company's core technology manages
disparate information from the Internet, corporate intranets,
databases, newsgroups, email, and third-party feeds by enabling
users to customize the way they collect, process, distribute and
store data. VIYYA(TM) gives users the ability to retrieve filtered
content from many sources, determine the relevancy of the
information, and have the information processed into notifications,
daily reminders, newspapers, or archived for future use. For
additional company information, please visit www.viyya.com.
Legal Notice: "Forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995 may be included in
this release. These statements relate to future events or financial
performance; are based on current expectations/projections about
Viyya and its industry; and may differ materially from actual
future results or events. Such words as "expects," "believes," and
"anticipates" are intended to identify these statements. Viyya
disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future
developments or otherwise.
Contact: Joseph Forese 973.276.0555
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Jun 2024 to Jul 2024
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Jul 2023 to Jul 2024