Posted by: pennystockspy
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Sonasoft Corporation - ( SSFT )

 
A September Tech IPO that not many know about? We found a New Tech Trade that offers Email Archiving, Cloud-based Email Archiving, e-Discovery, and Data Migration for Microsoft Applications. SSFT has only been trading since early September.

While the Price quickly blasted to highs of ~$.165, it has recently subsided to lows of around ~$.018Currently, the stock sits Bullishly near $.04 after Breaking-and-Holding the 20SMA. Yes, these New Trades can be volatile early on, and this recent drop looks to be Swinging Back North now. The Technical Catalysts are in place, the selling seems to have dried up, and the News has been Hot.
 
How has Growth been? Incredible - in quick fashion. Not everyone reads the corp. blogs......we do. Because they just went public, most do not know this, so get ready. Per a 11/19 SSFT Blog Post, the company has revealed they are CRUSHING Q3 Sales. Only ~50% done with Q4, SSFT has already reached Sales of $326K in 4Q14 compared to its 3Q14 revenues of $155K.
 
SSFT may be gearing up for a Run Back to Early-Trading Highs near $.16, and that could mean 300% gains if this takes off. Clearly, there is demand for Email-Archiving, especially in Cloud Platforms. Businesses and Governments of all sizes need archiving services for compliance among other reasons, and ease-of-use is definitely a coveted characteristic - SSFT has this covered.
 
SSFT's SonaVault Email Archiving Software and SonaVault Email Archiving Appliances deliver affordable enterprise-level functionality that surpass the compliance and ease-of-use requirements that small and medium-sized businesses, governments, school districts, etc. demand.
 
SSFT went Public for the same reason most small companies go public - Capital. We always want to know What the game plan is to utilize this capital and create shareholder value as a result. The company has been very transparent in detailing where they are placing their resources and why. Below is a transparent list of reasons the company went public and accessed the capital markets:
 
  • Increase marketing initiatives to gain new verticals
  • Add fresh senior sales staff that have B2B, high tech backgrounds
  • Expand product and service offerings
  • Focus development on new Cloud-based email archiving and business continuity products

 

 

 


Sonasoft Corporation'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.
The SSFT array of products now includes the following:
  • Email Archiving Promotions
  • Cloud-based Email Archiving
  • Email Archiving & eDiscovery Appliances
  • Email Archiving Software
  • MS Exchange & Email Data Migration
  • SonaExchange
  • SonaSQL
The solutions they can offer are widespread targeting mega-industries:
  • Email Archiving Solutions
  • eDiscovery Solutions
  • Data Protection
  • Disaster Recovery
  • Virtualization
  • Industry Solutions
 
Since September, SSFT has now dropped 3 PR's detailing their High Growth Technology Products and Solutions. The ticker has only been trading since September - do you think the company has a backlog of PR's ready to release? We shall see. For now, the company has given its shareholders the vision of Aggressive Growth, and we are officially interested. 
 
With the newly raised funds, SSFT plans to take the same success from their email archiving solutions with cities, local governments, and school districts and expand them into new verticals such as regional banks and credit unions, law firms, and construction companies.  They are pushing to Explode into the Private Business Markets across all industries. Will we see Updates Soon? How quickly can they grow clientele?
 
  • SSFT developed a conversion software to migrate email archiving data from competing end-of-life Mimosa and NearPoint archives into the industry standard format of PST files.
  • Sonasoft's export service creates opportunities to obtain new customers to its email archiving solutions.

Here are the Key Highlights:

  • Developed conversion software to export competing Mimosa and NearPoint Email archived data.
  • Offers exclusive features of data integrity reports with verification that other competing migration services do not have.
  • Generated new customers through these migration and data export services.
  • Expects to increase sales by 20 percent through this channel.
Andy Khanna, President and Chief Executive Officer of Sonasoft Corp., commented, "I am pleased to state, this opportunity allows Sonasoft the ability to rapidly sign up new customers to fuel our current demand for our Email Archiving Solutions." He further stated, "The sales curve for our newly offered migration and data export process is extremely efficient and significantly reduces the lead time to complete the sale."
 
What is the Expected Effect?
Per the CEO, The company expects to realize a 20 percent increase to its sales revenue, which augments its growing customer base, from this sales channel alone.
 
  • SSFT has gone PUBLIC this month of September.
  • Sonasoft will use their capital to execute its email archiving and business continuity software and services as well as to expand into new cloud-based solutions.
The New Capital gives the company the capacity to execute on its Strategic Initiatives:
  • Increase marketing initiatives to gain new verticals
  • Add fresh senior sales staff that have B2B, high tech backgrounds
  • Expand product and service offerings
  • Focus development on new Cloud-based email archiving and business continuity products
Andy Khanna, Founder, President, and Chief Executive Officer of Sonasoft Corp., said, "Sonasoft has reached a major milestone.  Organic growth is fine, but an infusion of capital can really grow the business.  With the newly raised funds, we plan to take the same success from our email archiving solutions with cities, local governments, and school districts and expand into new verticals such as regional banks and credit unions, law firms, and construction companies.  We already have a happy install base with these verticals, but now we aggressively can market to them the value that our email archiving solutions bring.  Sonasoft will also add fresh senior sales representatives to help seal our deals.  In addition to ramping up our sales and marketing efforts, Sonasoft will accelerate the development of its new cloud-based products and services.  Sonasoft has embraced the cloud, and views it as the next growth engine for its email archiving business."
 
The CLOUD is Growing as all sizes of business and organizations seek its flexibility. The company has known it must innovate to grow its service and product line to capture these users, and they Delivered! On 10/8 Sonasoft Preannounced SonaCloud, A Cloud-based Email Archiving Solution. Clearly the company is moving swiftly in penetrating New Archiving/Cloud Markets as they attack their corporate initiative list.
  • SSFT preannounced its cloud-based email archiving solution, SonaCloud.
  • SonaCloud will complete Sonasoft's ability to offer email archiving and eDiscovery solutions across an array of platforms and delivery including standalone software, email archiving appliances, email archiving on virtual servers, and now email archiving on the Cloud.
  • SonaCloud, Email Archiving for the Cloud, will allow for reoccurring monthly revenue that will help fuel operations. Sonasoft will announce the full details of its cloud-based email archiving solution later this month....Will we see it soon?
  • "We have been planning are go-to-market strategy with the on-going trend to expand our email archiving product offering to the cloud", said Andy Khanna, President and CEO of Sonasoft. "Although the demand for server-based email archiving remains strong, the time is right to enter the cloud-based sector and capture new markets. For instance, many small businesses with fifty employees or less simply do not have a dedicated IT resource to manage their email archives, but they still have a business need and sometime legal requirements to archive their email. With our 'hands off' but completely secure cloud-based email archiving solution, Sonasoft is poised to gain market share in this segment. Our solution is fast, easy, secure, thorough, and might I dare say, 'fun'. We will make a full announcement on our website later this month. Stay tuned."
At just under $.04, SSFT has fallen from it's New Trading Highs near $.16. We would love to see a Run back there, and the Chart is actually setting up beautifully for a Swing Trade as the bottom seems to be IN. Channeled between $.017-$.04 since mid-October, something may be about to give. How does the stock's First 20SMA Break and Hold sound for a catalyst? Take a Look at the Daily Chart to see what we are talking about:
  • RSI has just crossed 50 to ~58 giving it a Bullish position.
  • The 20SMA at $.03 has now been Broken-and-Held. The stock is New, and we are excited to see how it reacts to its first barrage of bullish catalysts.
  • The 50SMA at $.05 is the Next Line of Resistance, and we could see a battle on Monday as the stock looks to really bust out.
Volume was coming off its best Week in mid-November, and more and more Traders are finding this Tech Solution Trade. New Trades can often be volatile, but we think the Bear has had his turn here. A base may be in here at around $.03, and the TA Setup looks nice. Targets are the 50SMA at .05, $.10, $.16+. A push past the first target could turn into a self-fulfilling prophecy. Runs to these levels could net current buyers gains of 25%-150%-300%.
 
They went Public for a Reason, and they have already been executing for Years! SSFT may have a load of releases to hit the markets hard with, and they have products in High-Demand as more and more compliance regulations and protocol push public and private clients to utilize their products whether in desktop or cloud platforms! Keep doing your due diligence here, and trade wisely. Enjoy SSFT.
 
 
Sincerely,
 
PennyStockSpy

















 
 
 
 
 
 
 
 
 
 
 
 








Disclaimer:
Stockchat LLC has received five thousand dlrs via a bank wire for the awareness of SSFT from a third party Numark Capital Corp.

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