Sonasoft Corp (SSFT)

[DFLY]

Acquisitions
On January 4th, 2018 the Company announced that it had signed a letter of intent (LOI) to acquire Cornerstone Technologies. Once this acquisition is completed, the combined company’s annual revenue will be approximately $15 million. It is projected that the service division of the newly combined company will increase sales of the Sonasoft's email archiving and eDiscovery software solutions.

The Company intends to complete the acquisition of Cornerstone Technologies in the coming weeks.

Furthermore, The Company has identified and is in discussions with at least two additional companies for potential acquisition. These potential acquisitions will not only improve the company’s bottom line but will also enhance the company’s ability to diversify into new sectors of the technology industry and develop, implement, and sell new innovative technology solutions.