67 WALL STREET, New York - June 12, 2013 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Cloud Computing - SaaS and PaaS
Companies include: Alteva, Inc. (ALTV) and many more.
In the following excerpt from the Business and Application Software Report, the President and CEO of Alteva, Inc. (ALTV) discusses company strategy and the outlook for this vital industry:
TWST: How do you see the technology and the customer demands changing over the next three years to five years? What response is required in your own strategies to meet those changes?
Mr. Cuthbert: Great question. I think that the market is changing quite significantly, and it's been changing for some amount of time, and there's a significant push and a lot of growing momentum to cloud-based services. There are a couple of reasons actually. One, a lot of end-of-life scenarios are happening for the premise-based communications solutions that are out there. They're old, they're dated, they don't provide the same efficiencies and value to the people using them as they used to, and quite frankly, there is a better technology out there, and that is the market opportunity for the UCaaS space.
So what we're seeing and what we've experienced over the last couple of years, and I certainly expect this trend to continue in the market, is a major push from those premised-based, more capital-intensive technologies into solutions that are hosted and delivered through a cloud environment. I think companies traditionally needed education on these kinds of technologies, but now they have a pretty good understanding of what they are.
Now this is where we come in. We can help these companies figure out how to best leverage this new technology to add efficiencies, whether it be cost or operational efficiencies to their businesses. So the market has certainly shifted in that regard. I think that the unified communications technologies that are specific to Alteva provide tremendous value to that market.
As businesses are looking to expand their use of these kinds of services, I think we're really well-positioned based on the fact that we provide a full solution, the higher gamut of unified communications products and services that provide value to that market and a superior return on investment. Specifically speaking, when I talk about the market, we're looking at a target market of businesses with 20 users to 500 users per location, and that's a market in which we know can gain a lot of value from leveraging our hosted UCaaS solutions. I think that our target customer segment is...
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