SSFT - Sonasoft Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1500
+0.0040 (+2.74%)
At close: 3:59PM EST
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Previous Close0.1460
Open0.1453
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1300 - 0.1500
52 Week Range0.0820 - 0.4900
Volume629,084
Avg. Volume305,484
Market Cap34.028M
Beta (5Y Monthly)0.93
PE Ratio (TTM)N/A
EPS (TTM)-0.0020
Earnings DateSep 02, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Sonasoft (SSFT) Appoints New CFO To Accelerate Next Phases of Growth

    SAN JOSE, CA, Feb. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (SSFT), a leader in AI and data engineering, today announced the appointment of our new CFO, Mr. Rob Baumert. Mr. Baumert will oversee the capital structure of the company, and internal financing required for customer projects, and be responsible for financial reporting, filings, and the potential uplisting of the company to a senior exchange. Rob Baumert brings to Sonasoft a wealth of experience, gained over the course of a varied and successful career in high-tech startups.

  • GlobeNewswire

    Sonasoft (SSFT) Selected as Artificial Intelligence (AI) Solution to Power New AI Marketing Platform by Cognitive ROI

    SAN JOSE, CA, Jan. 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced that its artificial intelligence solution, NuGene, was selected to power a new AI marketing platform by Cognitive ROI. This marketing ROI tool leverages the unique capabilities of NuGene to deliver marketing ROI improvements of 20-30%.

  • GlobeNewswire

    Sonasoft (SSFT) Provides 2019 Year in Review

    SAN JOSE, CA, Jan. 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (SSFT) is a leader in AI and data engineering. 2019 marked the completion of Sonasoft’s transformation into a world leader in AI and data engineering. Together, these acquisitions ensure that Sonasoft can offer complete AI solutions for customers in any industry.

  • GlobeNewswire

    Sonasoft (SSFT) Wins 3 Year Service Agreement Extension With Simpson Strong-Tie

    San Jose, California, Dec. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced a three-year service agreement extension with Simpson Strong-Tie, a subsidiary of Simpson Manufacturing Co. Inc., the leader in engineered structural connectors and building solutions. Sonasoft has worked with Simpson Strong-Tie since 2010, providing IT solutions in a variety of areas. Simpson Strong-Tie has recently renewed their service agreement with Sonasoft to continue providing its comprehensive E-Discovery Turnkey Service.

  • GlobeNewswire

    Sonasoft Launches AURA, the World’s First AI-Powered People Support Engine

    San Jose, California, Nov. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced AURA, the first AI system that works alongside all your existing systems to give your entire team unrivaled insights and assistance. From HR to customer support, your team relies on tools like Salesforce, Zendesk or Zoho. Rather than reinvent the wheel, AURA works alongside these existing tools and adds a layer of intelligent automation.

  • GlobeNewswire

    UPDATE: Sonasoft’s (SSFT) Artificial Intelligence (AI) Solution Wins Contract with Padmini VNA

    San Jose, CA, Oct. 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI), today announced that it has won a contract with Padmini VNA, a manufacturer of products for original equipment manufacturers, for the Company’s artificial intelligence (AI) solution, NuGene. The OEM manufacturer will deploy NuGene across an army of robots by O&M Robotics, a partner of Padmini VNA, enabling these robots to autonomously navigate and clean solar panels, allowing for millions of dollars in maintenance to be saved. Solar panels’ efficiency can diminish by as much as 20% in domestic installations and as high as 60% in commercial installations.

  • GlobeNewswire

    Sonasoft’s (SSFT) Artificial Intelligence (AI) Solution Wins Contract with Padmini NVA

    San Jose, California, Oct. 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI), today announced that it has won a contract with Padmini NVA, a manufacturer of products for original equipment manufacturers, for the Company’s artificial intelligence (AI) solution, NuGene. The OEM manufacturer will deploy NuGene across an army of robots by O&M Robotics, a partner of Padmini NVA, enabling these robots to autonomously navigate and clean solar panels, allowing for millions of dollars in maintenance to be saved. Solar panels’ efficiency can diminish by as much as 20% in domestic installations and as high as 60% in commercial installations.

  • GlobeNewswire

    Sonasoft’s (SSFT) Artificial Intelligence (AI) Solution Wins POC Project with Large East Coast Electric Utility Company

    San Jose, California, Oct. 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced that it has won a proof of concept (POC) project with Delaware Electric Cooperative for the Company’s artificial intelligence (AI) solution, NuGene.  The electric utility company will use Sonasoft’s AI solution to accurately predict peak usage and minimize implementing load control measures. This will allow the utility company to further reduce costs, increase customer satisfaction, and deliver reliable power to its customers.

  • GlobeNewswire

    Sonasoft (SSFT) Completes Acquisition of Artificial Intelligence (AI) Company, OPtimAIze, Inc.

    Sonasoft now has the solution to establish itself as a leading provider of AI for software product development.  According to the analysts at Statista the enterprise software market alone had a global market size of over $457 billion in 2019.  IDC also forecasted that worldwide spending on artificial intelligence (AI) will reach $776 billion by 2022.  Sonasoft is well-positioned to gain significant market share in a large existing market that is poised to accelerate with an anticipated adoption of AI.  The Company also intends to integrate OPtimAIze's platform into Sonasoft's existing AI platform, NuGene.

  • GlobeNewswire

    Sonasoft (SSFT) Reports Q2 2019 Revenue of $4.33M, an Increase of over 100% vs. Q1 2019

    Sonasoft Corp. Q2, 2019 unaudited revenue was $4,329,164, an increase of $2,375,422, or above 100 percent over the previous quarter, which exceeded guidance by 30 percent.  The company’s operating loss was $880,212, versus $605,377 in the previous calendar quarter and $117,573 for Q2 2018. The increase is due in part to a significant acquisition, integration, and legal expenses from its four acquisitions over the previous eight months, where the acquisition costs in Q2 for Hotify, Inc. alone came to $453,429.

  • GlobeNewswire

    Sonasoft (SSFT) and Predikly Partner to Provide Intelligent Process Automation Solutions

    San Jose, California and Fremont, California, Aug. 20, 2019 -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data.

  • GlobeNewswire

    Sonasoft (SSFT) Affirms Commitment to Artificial Intelligence (AI) Solutions by Appointing Ankur Garg to its Board of Directors

    San Jose, California, Aug. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced that it has appointed its artificial intelligence expert, Ankur Dinesh Garg, to its Board of Directors. Ankur Dinesh Garg is currently the AI Chief of Hotify, a wholly owned subsidiary of Sonasoft, which he co-founded and which he led as President and CEO prior to its acquisition.  The appointment is effective immediately and affirms the Company’s AI-centric strategy.

  • GlobeNewswire

    Sonasoft (SSFT) Artificial Intelligence (AI) Consulting Services Books $650K in Orders

    San Jose, California, Aug. 08, 2019 -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions,.

  • GlobeNewswire

    Sonasoft (SSFT) Completes Acquisition of Artificial Intelligence (AI) Services Company, E-Connect Software, Inc.

    San Jose, California, Aug. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, is pleased to announce that it has completed the acquisition of E-Connect Software, Inc. and that it is being integrated into Sonasoft Consulting. E-Connect Software established a strong reputation in multiple key IT services areas including data management, cloud migrations, data integration and a range of artificial intelligence-related professional services.  E-Connect Software's unaudited 2018 revenue is estimated to be over $2.5 million with a net profit that surpasses 12 percent.

  • GlobeNewswire

    Sonasoft (SSFT) Reports Q1 2019 Revenue of $1.95M, an Increase of 673% vs. Q4 2018 and 891% vs. Q1 2018

    Sonasoft Corp. Q1, 2019  revenue was $1,955,286, an increase of $1,664,642, or 673 percent over the previous quarter and $1,735,769 or 891 percent over the Q1, 2018. The revenue increase is a result of the Company’s announced acquisition and integration of Cornerstone Technologies, Inc. as part of its strategic business expansion initiative.

  • GlobeNewswire

    Cornerstone Technologies, a Sonasoft (SSFT) Company, Awarded Contract Worth Nearly $270,000 from Fortune 600 Tech Company for Microsoft SQL Server Upgrade & Replication Services

    San Jose, CA, May 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery, artificial intelligence (AI), and business continuity solutions, is pleased to announce that its subsidiary, Cornerstone Technologies, has been awarded a contract worth nearly $270K from a Nasdaq listed Fortune 600 B2C tech company. Sonasoft will upgrade the client’s Microsoft SQL Servers from 2008 to the latest version and complete a database replication project.  To accomplish the work order, Sonasoft will leverage SonaSQL and bring the client to the latest versions of Microsoft SQL Server. SonaSQL is part of Sonasoft’s technological IP, and it allows enterprises to seamlessly perform backup, recovery, replication, and migration services to Microsoft SQL Servers.

  • GlobeNewswire

    Sonasoft (SSFT) and Cornerstone Technologies, a Sonasoft Company, Announce 2018 Fiscal Year-end Revenues of $979K and $10.4M Respectively; Combined Revenue Estimated Over $11M with 1,900% Increase YoY

    SAN JOSE, CA, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions, and Cornerstone Technologies, a Sonasoft company, are pleased to report their fiscal year-end (FSE) financials.  Sonasoft posted audited revenue of $978,882 for fiscal year 2018, which is an increase of almost 72 percent over the revenue reported for fiscal year 2017 of $570K. Cornerstone Technologies posted unaudited revenue of $10,470,986 for fiscal year 2018. The combined result marks an over 1,900 percent revenue increase year-over-year (YoY), compared to Sonasoft’s 2017 results.

  • GlobeNewswire

    Sonasoft (SSFT) Signs Definitive Purchase Agreement to Acquire Data Engineering and Artificial Intelligence (AI) Company, E-Connect Software, Inc.

    SAN JOSE, CA, May 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions is pleased to announce that it has signed a definitive purchase agreement to acquire the data engineering and artificial intelligence (AI) company, E-Connect Software, Inc., and all its related interests, assets, and intellectual property. E-Connect Software, Inc. is a data engineering and AI consulting firm with deep expertise and a proven track record in data management, cloud migrations, and data integration. E-Connect Software has an unaudited 2018 revenue estimated to be over $2.5 million with a net profit that exceeds 12 percent.

  • GlobeNewswire

    Sonasoft (SSFT) Completes Acquisition of Artificial Intelligence (AI) Company, Hotify, Inc.

    SAN JOSE, CA, April 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions is pleased to announce that it has completed the acquisition of Hotify, Inc. and all its related interests, assets, and intellectual property. Hotify’s accounting books have been audited, and Sonasoft’s Board has approved the acquisition. The completion of these objectives finalized the acquisition that now makes Hotify, Inc. a Sonasoft company. “This acquisition is pivotal to Sonasoft’s future,” said Frank Velasquez, CEO of Sonasoft.  “Hotify’s IP offers real intelligence.

  • GlobeNewswire

    Sonasoft (SSFT) Wins Contracts Worth Over $100K with Major California School District

    SAN JOSE, CA, April 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions and services, is pleased to announce that it has been awarded contracts from a major California School District to provide data protection solutions through its subsidiary, Cornerstone Technologies. “The sales team has done an excellent job executing on our ‘land and expand’ sales strategy,” stated Frank Velasquez, CEO of Sonasoft Corporation. “As a company, our aim is to enable our clients to gather, analyze, and transform their data for intelligent decision-making. We will continue to progress this goal by coupling our data archival, backup and replication, data discovery, and artificial intelligence solutions into our client base and beyond.

  • GlobeNewswire

    Sonasoft Corp (SSFT) Signs Letter of Intent (LOI) to Acquire Two Artificial Intelligence (AI) Companies

    SAN JOSE, CA, April 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions, announces that it has signed a non-binding letter of intent (LOI) to acquire E-Connect Software, Inc. and OPtimAIze, Inc., along with all related interests and assets. E-Connect Software, Inc. is an artificial intelligence (AI) consulting firm that connects people, processes, and technology to deliver AI-based enterprise solutions to resolve specific challenges and build new capabilities. E-Connect Software, Inc. has a proven team of data scientists and AI engineers, that are located in Silicon Valley and India. E-Connect Software, Inc. is a profitable company with unaudited revenues for 2018 estimated to be over $2.5 million and net profits of over 12 percent.

  • GlobeNewswire

    Sonasoft (SSFT) Wins Contract Worth over $350K with Major Transport System

    SAN JOSE, CA, March 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sonasoft Corp. (OTCQB: SSFT),  a leader in innovative eDiscovery and artificial intelligence (AI) solutions, is pleased to announce that it has been awarded a contract worth over $350K from a major regional transit system through its subsidiary, Cornerstone Technologies. Additionally, this win has opened the dialogue for this transport agency to adopt Sonasoft’s eDiscovery and artificial intelligence (AI) solutions. “Our sales team has done an amazing job, but this new piece of business is also the result of a collaborative effort with our engineering delivery team,” said Frank Velasquez, CEO of Sonasoft. “We originally won a Microsoft Office 365 migration contract with this client a few years back. Our delivery team not only completed that project as agreed, but we exceeded customer expectations. This opened the door for recurring business and has created deep business relationships based on trust and genuine value.

  • GlobeNewswire

    Sonasoft Corp (SSFT) Jointly Signs Definitive Purchase Agreement to Acquire Artificial Intelligence (AI) Company, Hotify, Inc.

    Hotify is a global artificial intelligence (AI) company that is committed to accelerating the adoption of AI in enterprise solutions with its AI platform, NuGene. The acquisition is expected to finalize following the audit completion of Hotify’s financial statements. After the acquisition is completed, Hotify, Inc. will become a separate, wholly owned subsidiary of Sonasoft.

  • GlobeNewswire

    Cornerstone Technologies, a Sonasoft (SSFT) Company, Announces Partnership with Trusted Data Solutions

    San Jose, CA and New York, NY, Feb. 27, 2019 -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions,.