All posts by BroadVision

BroadVision Announces Fourth Quarter 2016 Results

 

REDWOOD CITY, Calif., Feb. 08, 2017 (GLOBE NEWSWIRE) — BroadVision, Inc. (NASDAQ:BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its fourth quarter ended December 31, 2016. Revenues for the fourth quarter were $2.1 million, compared with revenues of $2.0 million for the third quarter ended September 30, 2016, and $2.7 million for the comparable quarter of 2015.

License revenue for the fourth quarter of 2016 was $1.1 million, consistent with the prior quarter and $1.2 million for the comparable quarter of 2015. The majority of the fourth quarter license and subscription revenue was generated from the Company’s BroadVision® Business Agility Suite™, Commerce Agility Suite™, QuickSilver™, and Clearvale® solutions. Revenue during the quarter was generated from sales to both new and existing customers.

In the fourth quarter of 2016, BroadVision posted a net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.4 million, or $0.48 per basic and diluted share, as compared with a GAAP net loss of $2.4 million, or $0.50 per basic and diluted share, for the third quarter of 2016 and a GAAP net loss of $3.3 million, or $0.68 per basic and diluted share, for the comparable quarter of 2015.

Full-year 2016 revenues totaled $7.9 million, with a GAAP net loss of $9.5 million, or $1.93 per basic and diluted share, compared to 2015 revenues of $9.4 million and a GAAP net loss of $11.4 million, or $2.36 per basic and diluted share.

As of December 31, 2016, the Company had $19.7 million of cash and cash equivalents and short-term investments, compared to a combined balance of $21.8 million as of September 30, 2016 and $29.1 million as of December 31, 2015.

“BroadVision’s global Vmoso partner network has continued to expand, and in Q4 we added NTT Communications as our major Vmoso strategic partner,” said Dr. Pehong Chen, President and CEO of BroadVision. “NTT Communications is the largest telecommunications company in Japan, and has endorsed Vmoso as a key initiative in knowledge-driven enterprise communication and collaboration. The relationship expands Vmoso’s distribution footprint with enhanced sales channels, public and private cloud deployment capacities, and technical and strategic consulting, systems integration, and customer support capabilities in key markets across four continents.”

Conference Call Information
BroadVision management will host a conference call today, Wednesday, February 8, 2017, at 2:00PM Pacific Standard Time (PST). The conference call may be accessed by dialing: 1-888-771-4371, with pin code 44194496. Callers outside North America should call +1-847-585-4405 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Afterwards, an audio recording of the call will also be available on the Company’s website at www.BroadVision.com.

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ:BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.  BroadVision® solutions—including Vmoso for virtual, mobile, and social business collaboration, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit www.BroadVision.com for more details.

BroadVision, Business Agility Suite, Commerce Agility Suite, QuickSilver, and Clearvale are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. All other company names, product names, and marks are the property of their respective owners.

Information Concerning Forward-Looking Statements
Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future, including statements regarding BroadVision’s ability to continue to expand its global Vmoso partner network and its ability to derive enhanced channels and capabilities from its strategic partnership with NTT Communications, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include without limitation uncertainty regarding market acceptance of BroadVision’s products and services, BroadVision’s ability to sell Vmoso to its existing customers and new customers, BroadVision’s ability to provide reliable, scalable and cost-efficient Cloud-based offerings, BroadVision’s ability to effectively compete in its intensely competitive market and respond effectively to rapidly changing technology, evolving industry standards and changing customer needs, requirements or preferences, and the other risks set forth in BroadVision’s most recent annual report on Form 10-K, as amended, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statements except as required by law. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations.

BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,December 31,
20162015
ASSETS(unaudited)
Current assets:
Cash, cash equivalents and short-term investments$19,704$29,131
Other current assets2,0822,849
Total current assets21,78631,980
Other non-current assets207230
Total assets$21,993$32,210
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$4,396$5,783
Other non-current liabilities734918
Total liabilities5,1306,701
Total stockholders’ equity16,86325,509
Total liabilities and stockholders’ equity$21,993$32,210
BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
(unaudited)
Three Months EndedTwelve Months Ended
December 31,December 31,
2016201520162015
Revenues:
Software licenses$1,147$1,183$4,227$4,414
Services9111,4943,7135,028
Total revenues2,0582,6777,9409,442
Cost of revenues:
Cost of software revenues3931172152
Cost of services7311,1453,1503,341
Total cost of revenues7701,1763,3223,493
Gross profit1,2881,5014,6185,949
Operating expenses:
Research and development1,5791,8126,7687,219
Sales and marketing8211,2074,0004,889
General and administrative9808893,8043,501
Total operating expenses3,3803,90814,57215,609
Operating loss(2,092)(2,407)(9,954)(9,660)
Other (expense) income, net(294)(902)517(1,748)
Loss before provision for income taxes(2,386)(3,309)(9,437)(11,408)
Provision for income taxes(3)(10)(48)(29)
Net loss$(2,389) $(3,319)$(9,485) $(11,437)
Earnings per share, basic and diluted:
Basic and diluted net loss per share$(0.48)$(0.68)$(1.93)$(2.36)
Shares used in computing:
Weighted average shares-basic and diluted4,9514,8824,9244,857
BroadVision Contact:

Peter Chu
Investor Relations
(650) 295-0716 x7177	
Ir1@broadvision.com

BroadVision Expands Vmoso Global Distribution Footprint

 

Announces Key Strategic Partnerships at Global Partners Summit

REDWOOD CITY, Calif., Jan. 25, 2017 (GLOBE NEWSWIRE) — BroadVision, Inc. (Nasdaq:BVSN), a leading provider of mobile-centric platform for empowering digital enterprise transformation, where knowledge management unifies business communication, collaboration and engagement, today announced a number of Vmoso strategic partnerships at its second annual Global Partners Summit.  These relationships further expand Vmoso’s distribution footprint with enhanced sales channels, public and private cloud deployment capacities, technical and strategic consulting, systems integration, and customer support capabilities across a number of key markets on a worldwide basis.

The ever-expanding Vmoso ecosystem includes the following key partners, among others:

  • Brazil: MTI Studio, Tee Systems
  • Germany: Contexo Gesellschaft, Deutsche Telekom T-Systems, Document Future, IC Systems
  • India: TechTree IT Systems
  • Italy: Open Knowledge, Optimist
  • Japan: BQ Technologies, NEC SI, NTT Communications
  • Russia: Softline
  • Switzerland: ConsSys IT, Trygin Technologies
  • Taiwan: Mitac
  • Thailand: Farmor Cloud Factory, Yip In Tsoi
  • United Kingdom: CC360, Agile Elephant
  • United States: Estuate, NeoWorks

Junichi Kudo, Head of Applications and Content, NTT Communications, said, “We are very excited to become a strategic and value-added hosting partner for Vmoso in Japan.  With Vmoso set to play a key role in companies looking to unify mobile-centric workplace collaboration and business engagement into a single source of truth, it presents tremendous digital transformation opportunities for NTT Communications and our enterprise customers across all industries.”

BroadVision CEO, Dr. Pehong Chen, added, “We are very pleased to welcome a number of new strategic partners joining our ecosystem as well as participating at our annual summit this week.  With channels at the center of our distribution strategy, we will continue to recruit and work closely with our global partners to provide Vmoso as the most compelling digital enterprise transformation platform for our joint customers.”

The Vmoso global ecosystem is based on a three-tier partnership program consisting of Referral Agent, Value-Added Reseller/Distributor, and Passport Hosting Partner.  Furthermore, as an open platform, Vmoso comes with more than 500 APIs and a host of “integration bots,” providing ample systems integration and other incremental business opportunities for partners to deliver compelling ROI results in any digital enterprise transformation projects.

Interested partners please visit http://www.broadvision.com/en/partners for additional program details and review partner testimonial video from Document Future AG for references.

About Vmoso

Vmoso is a mobile-centric application platform for empowering digital business transformation, where knowledge management meets enterprise communication, collaboration, and engagement.  It unifies email, instant messaging, content sharing, workflow, and social networking into one integrated user experience, forming a single source of truth across a detailed corporate knowledge web, to significantly enhance both internal collaboration and external engagement, delivering substantial gains in both business velocity and value.

www.broadvision.com/vmoso-overview

About BroadVision

Driving innovation since 1993, BroadVision (NASDAQ:BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.  BroadVision® solutions—including Vmoso for digital business transformation and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications.

www.broadvision.com

BroadVision and all its case-sensitive permutations are trademarks of BroadVision, Inc., registered in the United States and other countries.

BroadVision Contact: 
Shalease Hanchett
shalease.hanchett@broadvision.com
(650) 331 1000

 

Galaxy Hospitals Medical Research

Galaxy Hospitals uses Vmoso to help medical researchers plan, prepare and execute their studies, Vmoso lets them engage with both the physicians who can benefit from research findings, and patients in the trial cohorts.

View Transcript

Dr Sandra Baker is a young researcher at Galaxy Hospitals. She’s got plenty of ideas and lots of enthusiasm, but hasn’t published many papers yet, so she struggles each time she applies for a grant.

She’s planning a study about the relationship between the environment children grow in – including nutrition, physical activity, pollution and exposure to pesticides – and their growth. In addition to the statistical snapshot this study would provide, she believes that indicators can be found to help prevent environmentally-induced pathologies that develop unnoticed.

Sandra has published a short abstract of her project in Vmoso, inside a public space which can be read by anyone from Galaxy Hospital who’s interested in pediatric research. A few physicians have answered her message, giving her a few extreme examples of children affected by pathologies which, they suspect, could be related to their lifestyle.

One of them, Dr Felz, has also contacted her in a private chat to share some data about cases which could help Sandra refine her research topic. His message includes his findings in an attached file, and a reference to Sandra’s original post, making it clear why he is contacting her.

From the data shared by Dr Felz, Sandra is able to see a pattern, but of course that’s just a suspicion. In the hope of discovering more supporting data, she comments on her original post, asking readers to point her to any data that could confirm or deny her initial findings.

Shortly afterwards, she gets an email from Dr John Martinez, from another research institute. John is currently trying to push forward a very similar project, and he’s been given Sandra’s details by Dr Felz. John is interested in joining forces, so that they can present a more robust project for a grant application. An abstract of his project is attached to the email.

Sandra decides to grab the opportunity and transforms the email into a Vmoso chat. As she does this, John receives a notification email, which is also an invitation to join Vmoso to gain full access to the chat. He registers, and becomes an external member. He can now collaborate with Sandra, but doesn’t yet have any access yet to the data shared only with Galaxy Hospitals.

John and Sandra work together to refine the abstract. Sandra creates a Vmoso space to share all the related documents, and gives John access to the space. They collect data which they either upload to Vmoso, or simply share from existing Galaxy Hospitals data already present in Vmoso.

After a few weeks of work, Sandra and John feel that their project is very solid, but still lacks some details regarding the recruitment of subjects for the clinical trials. Neither of them is very experienced on this topic, so they decide to gather some knowledge about it.

Sandra navigates the Vmoso posts and finds a couple of topics about cohort recruitment. She quickly gets lost in all the explanations she reads, so decides to look at the connections between those topics and users. For that, she switches to the knowledge map of the posts, which show relationships between discussions, documents, and users.

She quickly finds a researcher who is involved in many cohort selection discussions. Dr Victoria White is a recognized expert on this topic so Sandra invites her help in her study. That’s done very simply by adding her into the discussion already taking place with John.

By going through the discussion, Victoria is able to quickly understand the research topic, which she immediately relates to. She suggests a cohort recruitment process which is added into the grant application documents.

Finally, the application is ready to be sent to the granting body that they have decided to apply to.

The grant application has been well prepared, and shortly afterwards the team receives the approval and is able to start the research.

In order to organize the collaboration necessary for the project, Sandra creates a spaces in Vmoso to share documents and discussions with relevant and authorized participants.

A company-wide space is created to share status announcements about the project, and build up traction inside Galaxy Hospitals.

A restricted space is created, shared only with the core team, for all the discussions and documents which the team need to keep private.

Other private spaces are created to collaborate with individual physicians helping with the cohort selection and management, and also with the patients families to share instructions, news and advice with them.

In order to find potential patients, Vmoso is integrated with the electronic medical records system. A query is done through Vmoso and the results are returned to the selected Vmoso thread from the records database. This avoids the need for Sandra to switch between multiple tools and automatically makes the data available to all project researchers.

Because each patient has Vmoso access through Galaxy Hospitals, the potential trial patients will be notified about the research project through both Vmoso and email, allowing them to choose the communication channel they prefer.

Once enrolled, the patients’ families can interact with the research team through either the Vmoso-enavled MyGalaxyHospitals app, or directly through Vmoso.

In addition to the news and advice pushed to the patient families through their Vmoso app, the families are also asked to complete questionnaires relating to the lifestyle of their children. For example, how much time their child spends exercising, how much fruit and vegetables the child eats, etc.

The questionnaire results are made available to the physician following the child, and to the research team. The physician has the opportunity to double check with the family whether the answers are correct, and to correct them if needed, before the data gets fed into the study database.

Whenever physicians have doubts or need to discuss specific aspects with the research team, they can use either the global post, or one of the private chats each of them has with the team.

After 5 years of research, the study delivers interesting results, but Sandra’s objective is to have at least 15 years of data. Sandra and her team are able to use the data recorded in Vmoso to quickly build a grant extension application, and they succeed in obtaining a 5 year extension.

If a researcher requires a test using specialized medical equipment during the course of the project, they can book a time through Galaxy Hospitals’ equipment rental portal, which is integrated with Vmoso. A Vmoso task is created including both the equipment booking team and the equipment operator.

The researcher can then communicate with the equipment team through Vmoso with any questions. When the test has concluded, the results are added to the task.

Dr Felz is also very satisfied with the outcome of this study. Thanks to the communication channels he has with the research team, he is able to get early access to the study results. This helps him advise families in the best way possible to improve the health of their children.

Vmoso helps the research team plan, prepare and carry out their studies. It improves the communication and collaboration between the research team, the patients, and interested medical professionals, resulting in faster, more accurate results.

Clearvale-Social Network Integration

BroadVision Announces VmosoBot for Slack: Providing Slack User Access to Vmoso Big Knowledge

REDWOOD CITY, Calif., Dec. 07, 2016 (GLOBE NEWSWIRE) — BroadVision, Inc. (Nasdaq:BVSN), a leading provider of business communication, collaboration and knowledge management solutions, today announced VmosoBot for Slack: an extension to its popular team mobile-centric collaboration and knowledge management platform Vmoso, to enable greater collaboration across enterprise teams and diverse tools.

Vmoso Slack Integration brings a host of features to extend the reach of team collaboration not only across disparate locations, but now also via multiple collaboration channels: replicating Slack channels in Vmoso Spaces and Chats, allowing bi-directional comments, and the ability to add Slack documents as bookmarks within Vmoso, as well as streamlining information flow even when the information originates from another system. Specifically, through VmosoBot, Slack users can now collaborate directly via email with external users who have not registered with Vmoso or Slack.

Vmoso Slack Integration also brings the power of Big Knowledge to Slack conversations turning them into a valuable and persistent knowledge base through the integration with Vmoso.

The integration of Vmoso with tools such as Slack demonstrates BroadVision’s vision to bring teams together through collaboration and knowledge sharing, regardless of their location, or their device, and now even their collaboration workspace.

BroadVision CEO, Dr. Pehong Chen commented, “We recognize the problems faced by organizations with multiple teams potentially using different collaboration tools and we are addressing that with this powerful integration, bringing the conversations from the whole organization into one accessible location to better enable those teams to work together and collaborate cohesively.”

Watch our overview video to understand more about Vmoso Slack integration.

VmosoBot for Slack is now available on Slack App Directory.