Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Business Solutions, and ArcMail, a leader in Enterprise Email Archiving Appliances jointly announce a letter of intent (LOI) to allow Sonasoft to acquire ArcMail.
FOR IMMEDIATE RELEASE
(As published on GlobeNewswire)
January 21, 2015, San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery business solutions, and ArcMail, a leader in enterprise email archiving appliances jointly announce that they have signed a letter of intent (LOI) to allow Sonasoft to acquire ArcMail. As part of the acquisition, Rory Welch, President and CEO of ArcMail will join Sonasoft and be responsible for all archiving business of both companies. ArcMail will continue to operate as a wholly owned subsidiary of Sonasoft under the management of Mr. Welch. Both companies will continue to support their existing customers.
“ArcMail has set the industry standard for Linux-based and enterprise email archiving software, eDiscovery appliances, and solutions. ArcMail has a history of being early to market with technologies such as archiving for Google Apps and Gmail as well as innovating a local/cloud hybrid model”, said Andy Khanna, President and CEO of Sonasoft, “whereas Sonasoft solutions traditionally used Microsoft technologies. We expect that this acquisition will capture a greater market share by offering a broad product line that utilizes the advantages of both technologies. We also look forward to the operations leadership that Rory Welch, President and CEO of ArcMail, brings to grow the business. I have the full confidence that Mr. Welch will take the combined company’s products and services to a new level.”
“As announced on January 7, 2015, we had our best Q4 in years and projected a 135 percent increase in revenue from our previous quarter”, continued Andy Khanna. “With this momentum, we are excited about the potential impact that the combined companies will have in the market this year, and we will communicate our revised annual forecast later this quarter.”
The closing of the acquisition is subject to the completion of due diligence and execution of definitive agreements. There is no guarantee that such transaction will be completed.
To be informed of Sonasoft Corp’s (SSFT) finances on OTC Markets:
To learn more about Sonasoft’s business continuity products and professional services, as well as to obtain a no-cost consultation for email archiving and migration services:
Sonasoft Corporation is a publicly traded listed 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 Software and 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 Cloud-based email archiving as well as data export and migration services for competing archiving solutions. Sonasoft email archiving and eDiscovery solutions have 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:
ArcMail is a world-class, trusted provider of scalable solutions that address multiple business issues through best-in-class archiving technologies and services.
For more information , about ArcMail products and services, and for a no-cost evaluation of ArcMail’s Defender and other archiving solutions:
Rory Welch, CEO and President of ArcMail
Phone: (318) 841-1151
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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