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COMPUTER HARDWARE & SERVICES | IT Services / Data Storage & Security
e-connectt.com

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Stage

Acquired | Acquired

About E-Connect Software

E-Connect Software is a data engineering and AI consulting firm that focuses on strategy, technology, and business transformation to assist companies to undertake data and advanced analytics projects to build new capabilities.

E-Connect Software Headquarter Location

46560 Fremont Blvd Suite 406

Fremont, California, 94538,

United States

+1 (714)-388-6646

Latest E-Connect Software News

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

Aug 1, 2019

07/01 05/23 0 Message : *Required fields 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. The acquisition of E-Connect Software is part of the Company's overall AI and data management strategy and supports the company’s efforts to: Expand into the lucrative fields of data engineering and AI services with new and existing customers Complement its current offerings of AI platform and data management solutions with AI services and data engineer experts Increase revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) Become an industry leader in AI and data-related solutions and services "The acquisition of E-Connect Software is a key element of our strategic business plan to have a cohesive and lasting advantage in data and AI solutions, and we are pleased with how everything is coming together," said Frank Velasquez, CEO of Sonasoft. “With E-Connect Software, we can accelerate our AI solutions revenue growth through the addition of proven field consulting expertise with enterprise clients. This will help our customers execute on their AI strategy and speed up their project implementations." "IDC predicts that AI solutions revenue will expand to $52.2 billion in 2021 with over a 45 percent growth rate," said Mike Khanna, President of Sonasoft. "We are aggressively going after this market, and the acquisition of E-Connect Software will definitely accomplish our objective to expand and scale Sonasoft's AI Consulting capabilities.” "Our technology and business acumen will play a key role in establishing Sonasoft as a major player in the AI marketplace," said Jay Sen, Sonasoft VP of Customer Success & Delivery and former CIO of E-Connect Software. "Sonasoft’s NuGene AI platform is among the most capable in the industry today, and our knowledge in data engineering, advanced analytics, business intelligence, and data warehousing architectures will be pivotal in growing Sonasoft’s market share in this rapidly growing industry." About Sonasoft Based in Silicon Valley since 2003 Sonasoft is a public company (SSFT) providing solutions that create significant competitive advantages from data, the most valuable corporate asset in the digital economy. Our artificial intelligence platform and software capabilities harness data to enable businesses to accelerate and improve decision making, increase operational efficiency, and automate critical processes. For more information about Sonasoft, please visit:

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Expert Collections containing E-Connect Software

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

E-Connect Software is included in 1 Expert Collection, including Cybersecurity.

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Cybersecurity

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