Sonasoft Corp (SSFT)

[NJ_TOAD]

$SSFT

***SSFT DD PACK***

Sonasoft Corp (SSFT) – Acquisition of Revenue-Producing Tech Leader and Development of Artificial Intelligence to deliver Further Upside


Overview:

• 327M shares outstanding

• Tightly held float with an estimated 13M available to general public

• No toxic financing

• Industry established Management Team with extensive list of achievements

• Went public through S1 registration in 2012 (Clean ticker – no skeletons)

• Large list of clients, products, service contracts,

• Multiple Value-Adding Upcoming Catalysts

• Poised for Exponential Growth

• 2018 revenue $570K

• Projected Annual Revenue Post Acquisition $13M



About Sonasoft (Taken from bottom of recent press release)

Sonasoft Corporation is a publicly traded corporation and is listed on the OTC Markets under the trading symbol SSFT. Sonasoft is now an AI-first company. The Company intends to integrate artificial intelligence (AI) into the Company’s core business model, which includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Founded in 2003, the Company is headquartered in San Jose, California.

Share Structure

Market Cap (as of 9/6/2018) 33,980,029

Outstanding Shares (as of 6/30/2018) 339,800,286

Float (as of 8/23/2018) 60,196,672*

*The company released press release overviewing the share structure and public float on 6/13/2018 where it was stated that the majority of the float was locked up by “insiders, employees, friends/family, and/or long-term stakeholders. Therefore, the majority of the outstanding share count AND the public float is locked up by insider restrictions, restricted shares, or being held firmly by long-term shareholders. The Company further estimates that the remaining public float remains tight at approximately 13 million shares.” Source: https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Provides-Overview-of-Corporate-Share-Structure-and-Public-Float?id=195329


Products/Services

Sonasoft’s signature products for eDiscovery tools, which include SonaVault 6.1 Email Archiving and eDiscovery Software, as well as SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of large and medium-sized businesses, governments, school districts, organizations, and enterprises. The Company also launched SonaSecure, which protects systems from ransomware and other email-based threats as well as provides email continuity services. In addition, Sonasoft offers data export and migration services for competing email archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptionally high degree of customer satisfaction.

https://www.sonasoft.com/products/
https://www.sonasoft.com/solutions/


Management Team / Consultants / Board of Directors

Andy Khanna

Founder and CEO

Andy Khanna brings to Sonasoft over 25 years of senior management in the high tech sector with a background in sales. Andy started his high tech career at NCR Corporation and Control Data, where he was recognized for his sales achievements. In his first nine months at Control Data, Andy was presented the Bill Norris Shark Club Award for regional sales. In the early 80’s, Andy quickly earned his startup stripes where he built a company, Univation, from scratch and took the company public. At Univation, he was the CEO, President, and Chair, as well as one of the first Indo-Americans to take a company public in Silicon Valley.

After Univation, Andy’s ability to innovate led him to become President of Datus, Inc., a startup division of Daewoo, where he built, managed, and lead team of engineering, marketing, sales and operational professionals from scratch. It is there that Andy invented the Route Finder PNA, the first, handheld portable car navigation system (GPS). It was the first third-party consumer device that utilized Microsoft Windows CE OS. Mr. Bill Gates introduced the Route Finder PNA at the Consumer Electronics Show in Las Vegas in January 1998.

Inspired from his experience from working with the Microsoft team, Andy decided that his next start up would focus on software solutions based around Microsoft Business Software. In 2003, Andy founded Sonasoft. Sonasoft’s first products were for backup, recovery, and replication of Microsoft SQL Server and Microsoft Exchange Server, and evolved into email archiving solutions for Microsoft Exchange Server. Sonasoft is a Microsoft Gold Certified Partner.

Andy holds a BS in Business and Marketing from the University of San Francisco and an MBA from Golden Gate University.

Bilal Ahmed

CTO, Vice President of Engineering

Bilal Ahmed is the chief software architect for all of Sonasoft’s software products. He leads the company’s global engineering team in the development, delivery, and maintenance of these products.

With over 20 years of experience and several patents pending, Bilal is a technology leader with an entrepreneurial mindset. Achievements include successful product management, product strategy, software architecture, and innovative product development across start-ups and Fortune 500 corporations. His goal is to excel at understanding the latest technology trends, and incorporating these to address business problems and opportunities.

Bilal has initiated and developed database and system monitoring and reporting software for IBM’s small to medium sized customers. He also managed globally database servers for William Mercer Canada, a Marsh & McLennan Company.

Bilal was a key leader in developing the industry’s first private online degree audit system while at the University of Planet. He also led the development of the first private Internet Service Provider (ISP) and the first proprietary Airline Reservation software in Pakistan. Bilal holds a Bachelor’s degree in Computer Systems Engineering from NED University of Engineering and Technology.



Neil Kumar Khanna

Vice President of Client Services and Operations

Neil Kumar Khanna has over 16 years of high tech experience in corporate operations, information systems, customer support, quality, finance, and human resources management.

Prior to co-founding Sonasoft, Neil Kumar Khanna was a co-founder and VP of Operations at Fastcenter, a database protection company focused on automated disaster recovery for Oracle databases and flat files. At Fastcenter, he managed technical operations, human resources, and finance. Neil also setup and managed relationships with Oracle and other software and hardware vendors.

Prior to Fastcenter, he served as VP of Operations at Intraport, Inc. a software development and consulting company. At Intraport, Neil created strategic partnerships and provided services to HP, SUN, Cisco, NEC, and Charles Schwab. Before becoming the VP of Operations, Neil served as the Director of Operations overseeing the information systems, finance, human resources, administration, and customer support. Mr. Khanna holds a B.S. degree in Information Systems Management from the University of San Francisco.



Bob Serafini

Vice President of OEM Sales

Bob Serafini brings more than 30 years of executive sales management experience to Sonasoft. Bob served as the VP of Sales with ADP Brokerage Services Division. He was also a founder and VP Sales at DeCarta, Inc. where he created and closed an investment of $20 million from Ford Motor Company. Bob’s most recent positions include Vice President Enterprise Sales of Pharos Science and VP of Sales of Vectra GS; these positions included software and hardware solutions.



Advisory Board

Sonasoft also maintains an Advisory Board consisting of Leading Industry Professionals. The list includes members such as the recently added Hal Fadden who is an eDiscovery subject matter expert who according to recent press “recently concluded a successful three-year, multimillion-dollar eDiscovery implementation for the corporate legal department for one of California’s oldest and largest quasi-state agencies.” Source: https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-SSFT-Expands-its-eDiscovery-Capabilities-for-Enterprise-Organizations-with-Addition-of-eDiscovery-Subject-matte?id=199603
The entire list of the Advisory Board members with Profiles can be found here; https://www.sonasoft.com/company/advisors/#




Board Of Directors

Sonasoft’s board of Directors consisting of distinguished, highly established and respected individuals in their fields. The experience and insights provided by these professionals is a huge asset to the company.



Dr. Romesh K. Japra, M.D., F.A.C.C.

Chairman of the Board

Dr. Romesh Japra has a distinguished career in the field of medicine for over three decades. Currently he is the President of Cardiology Associates, Fremont, CA. He has also held various positions including Chief of Staff, Chief of Medicine, President and Secretary at various hospitals and organizations across the U.S. He has been active in the High Tech industry and has funded many startup companies. Dr. Japra has been an active member of the community in the Bay Area in general and the Indian American Community in particular. He has organized and contributed to numerous charity organizations and events across the globe. Dr. Japra has received numerous awards and honors during his illustrious career including Presidential Meritorious Award, Pride of India Gold Medal, Best Immigrant Award, Physician’s Recognition Award and many others. He is also active in the publishing industry and at present is the Publisher & CEO India Post Weekly, India Post TV and India Web Post. Dr. Japra is Fellow of the American College of Cardiology and graduated from All India Institute of Medical Sciences, New Delhi, India.



Romi Randhawa

Board Director

Romi Randhawa has more than 25 years of high technology management experience. In 1994, he founded HPM Networks and transformed it from a mid-market service provider to a leader in enterprise hardware solutions.

During his tenure with HPM Networks, Mr. Randhawa established valuable partnerships with HP and other major OEMs. Romi also served as President of the HP SMB Council from 2010 to 2012 and provided strategic leadership for joint go-to-market strategies in emerging markets. HPM is one of Hewlett-Packard's largest enterprise partners on the West Coast and a top VMware enterprise partner. It was No. 87 on the 2013 Solution Provider 500 with $270 million in annual sales.

Mr. Randhawa built up HPM Networks which was ultimately acquired by tech firm CANCOM for and ESTIMATED $300M and the combined companies had revenues of over $1B in 2014.

https://www.crn.com/news/cloud/300071913/german-tech-giant-buys-hpm-networks-to-launch-u-s-midmarket-cloud-offensive.htm
https://www.otcmarkets.com/stock/SSFT/news/Romi-Randhawas-Leadership-to-Ramp-up-Sonasofts-Sales--Marketing-Initiatives?id=150083


Recent Developments

1. Sonasoft signed Definitive Agreement to acquire Silicon Valley based tech company ‘Cornerstone Technologies’ https://www.cornerstonetechnologies.com/
Cornerstone Technologies is to bring its experienced management team, technology experts, technology solutions, and extensive base of recurring contracts with large enterprise clients. Excerpt from recent press from Sept 5, 2018: “Cornerstone Technologies is a key delivery partner for Microsoft, Dell/EMC, cloud, and infrastructure-based solutions as well as engineering solutions for TransVault, Veritas, and Exterro. The Silicon Valley-based IT company has built an impressive list of customers across multiple verticals including retail, high tech, healthcare, state and local government, and financial services. The merging of Cornerstone Technologies with Sonasoft will add an estimated $13M in annual revenues. This would mark a 1500% increase from Sonasoft’s fiscal 2017 revenues. “

Sources: https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Corp-SSFT-Jointly-Signs-Purchase-Agreement-to-Acquire-Cornerstone-Technologies?id=190819
https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Corp-Provides-Revenue-Projections-of-13-Million-Resulting-from-Acquisition-of-Cornerstone-Technologies?id=194254
https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Corp-SSFT-Announces-the-Completion-of-2-year-Audit-and-Uplist-Application-for-OTCQB-Venture-Exchange?id=202768


2. Sonasoft announces it will become an AI-First Company (Artificial Intelligence)

Sonasoft will be entering the AI arena but integrating AI solutions into some of its existing email and eDiscovery products/services. But further, has stated that it will be developing “New and disruptive AI solutions”.

The AI Industry has been exponentially growing, and Sonasoft is positioned with its soon-to-be acquired Cornerstone Technologies, in the EPICENTRE for technology developments. The Artificial Intelligence Industry is estimated to be worth $1.2 TRILLION by 2020. Source: https://www.techemergence.com/valuing-the-artificial-intelligence-market-graphs-and-predictions/


3. Sonasoft completes 2 year audit and applies to uplist to OTCQB Venture Exchange on Sept 5, 2018.

This is a key step voluntarily taken by the company which independently verifies the company’s financial statements and is sure to leave shareholders feeling confident in their investment. This is just another step to further bolster the company at its core, allowing it to launch forward with its highly ambitious growth strategy which was announced in February 2018. Sources: https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Corp-SSFT-Announces-the-Completion-of-2-year-Audit-and-Uplist-Application-for-OTCQB-Venture-Exchange?id=202768
https://www.otcmarkets.com/stock/SSFT/news/Update---Sonasoft-SSFT-Outlines-Growth--Revenue-Strategy-for-2018?id=183637


Forward Looking Catalysts

1. Uplist to the OTCQB Venture Exchange - Uplisting to the OTCQB Exchange provides shareholders with greater transparency, opens the stock up to new market-makers, and is likely to attract larger independent and institutional investors. When listed on the OTCQB Exchange, the public will have access to free in-depth Level II quotes, and the company will be able to reach a broader audience of investors through the various “visibility” resources provided to companies on the exchange such as the OTCQB Podcast, social platforms, newsletter, and website.



2. The Completion of the Cornerstone Technologies Acquisition

The acquisition of Cornerstone Technologies will be finalized upon audit completion of their financial statements. This is expected to be completed in the coming weeks. Cornerstone Technologies is a key delivery partner for Microsoft, Dell/EMC, cloud, and infrastructure-based solutions as well as engineering solutions for TransVault, Veritas, and Exterro. The Silicon Valley-based IT company has built an impressive list of customers across multiple verticals including retail, high tech, healthcare, state and local government, and financial services. The merging of Cornerstone Technologies with Sonasoft will add an estimated $13M in annual revenues. This would mark a 1500% increase from Sonasoft’s fiscal 2017 revenues. (It’s actually closer to 3000% from $570k in 2017)



The company recently announced a contract worth roughly $250k with the Golden Gate Bridge. Upon completion of the Cornerstone Technologies acquisition, the company has stated that contracts and news releases of this calibre can be expected regularly.



“The Company anticipates exponential growth as a result of the Cornerstone acquisition, and shareholders can expect to hear about major contracts with large enterprise customers regularly. The previously announced Golden Gate Bridge contract is just the tip of the iceberg.” Stated Mike Khanna, in the most recent press release. Source https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-Corp-SSFT-Announces-the-Completion-of-2-year-Audit-and-Uplist-Application-for-OTCQB-Venture-Exchange?id=202768


3. Preferred Stock Initiative

The Company will issue preferred stock and implement an initiative that will allow shareholders to convert their common stock into preferred stock. The Company anticipates that at least 25 percent of its outstanding shares will be converted into preferred stock. This roll-up will tighten the float of tradable shares, add investment stability, and assure investors that many of the large stakeholders are taking a long-term view to their investments. The company has already begun this process and will provide further details in the coming weeks.



4. New and Disruptive (AI) Artificial Intelligence Products/Solutions – As mentioned above, and in recent press, the company is implementing AI Solutions for their current line of eDIscover and email archiving products/solutions. FURTHER, the company has stated that they are currently developing new and disruptive AI products/solutions. As previously stated, this industry is growing rapidly and is estimated to be worth $1.2Trillion by 2020. How big of a piece of the $1.2 Trillion will the company be able to capture? Even 1% would be $12Billion.





5. Ongoing Deals and New Large Enterprise Clients – One would expect the core business of eDiscovery, email archiving, and other tech products/solutions to continue to thrive. With the addition of Cornerstone Technologies and its annual $13Million book of business, the company has announced that shareholders can expect REGULAR announcements of contracts with Large Enterprise Clients, such as the recently announced deal with Golden Gate Bridge worth $250k. The $250k may not sound like much, but if a deal like this is made once a week we are talking an additional $13M/year.



Sources: https://www.sonasoft.com/
https://www.cornerstonetechnologies.com/
https://www.otcmarkets.com/stock/SSFT/overview
https://www.otcmarkets.com/stock/SSFT/news
https://www.techemergence.com/valuing-the-artificial-intelligence-market-graphs-and-predictions/