The BroadVision Blog

BroadVision Selected by CIO Review as One of the 20 Most Promising Collaboration Technology Solution Providers

REDWOOD CITY, Calif., Dec. 16, 2015 — BroadVision, Inc. (Nasdaq:BVSN), a leading provider of business collaboration and engagement solutions, today announced that CIO Review has included BroadVision in its 20 Most Promising Collaboration Technology Solution Providers. The selection is based on BroadVision’s intuitive enterprise solutions that make communication and collaboration services in the workplace faster, easier and more engaging.

“Over the past 25 years, thanks to our amazing clients and partners, BroadVision has been able to lead the market in providing world-class collaboration tools and services,” said Pehong Chen, President and CEO of BroadVision. “BroadVision is extremely honored to be recognized by CIO Review’s collection of industry experts and influencers.”

CIO Review chooses their annual list of award recipients by a select group of industry experts and members of their editorial board to recognize and promote technology influencers. Through consultations and proposals with business leaders, CIO Review’s editors make their selections on a variety of areas important to tech business.

View the CIO Review article by clicking this link.

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 unified business collaboration and engagement, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit BroadVision.com for more details.

About Vmoso

Vmoso is a cloud application for conducting virtual enterprise communication, mobile workgroup collaboration, and social business engagement. It unifies five workplace activities in one platform: email, instant messaging, content sharing, workflow, and social networking. It empowers users and their extended organizations to communicate and collaborate whenever, wherever and on whatever device they choose; allowing for greater productivity in less time and at much lower cost.

Media Contact:
Ty Levine
650-331-1000

Dr. Pehong Chen to Participate at hub:raum Cloud Bootcamp 2015

November 16, 2015 REDWOOD CITY, CA  — Dr. Pehong Chen, Chairman, President and CEO of BroadVision, Inc. (Nasdaq: BVSN), a leading provider of business collaboration and engagement solutions, will be a Keynote speaker at T-Systems and hub:raum’s Cloud Bootcamp 2015. The event will take place at the hub:raum Campus in Berlin, Germany on November 25, 2015 and will focus on cloud solutions targeting Mittelstand (SME) customers, cloud services that enable digital transformation, and cloud-based IoT platforms.

Dr. Chen will present the opening keynote “Reflections of a Renewed Startup Company.” The talk will focus on BroadVision’s experience as a mature, 22-year old enterprise software company and its renewal as a “startup” to create a brand new and exciting solution set.  The story will include a lot of do’s and don’ts from this fascinating journey.

“BroadVision is thrilled to present at Cloud Bootcamp and participate in this event,” said Dr. Chen. “I look forward to sharing our insights and hearing from the young entrepreneurs in attendance along with our friends, customers, and partners from T-Systems.”

Dr. Chen founded BroadVision in 1993. In 1999 Business Week named him one of the original e.biz 25 Master of the Web Universe as one of the 25 most influential e-business leaders in the world. He has been a pioneer in driving innovative solutions to deliver business value in areas such as one-to-one personalization, knowledge management, e-commerce, e-banking, enterprise social networking, and unified communication & collaboration. With the recent release of Vmoso, Dr. Chen has incorporated his professional philosophy around communication and collaboration into a robust, enterprise-grade platform for business.

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 unified business collaboration and engagement, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit BroadVision.comfor more details.

About Vmoso

Vmoso is a cloud application for conducting virtual enterprise communication, mobile workgroup collaboration, and social business engagement. It unifies five workplace activities in one platform: email, instant messaging, content sharing, workflow, and social networking. It empowers users and their extended organizations to communicate and collaborate whenever, wherever and on whatever device they choose; allowing for greater productivity in less time and at much lower cost.

Visit BroadVision.com/Vmoso for more details.

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

For more information about Dr. Chen’s keynote contact: Ty J. Levine VP of Marketing and Business Development, BroadVision, Inc. 408.390.6866 ty.levine@broadvision.com

 

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BroadVision Announces Third Quarter 2015 Results

REDWOOD CITY, CA — October 28, 2015 — BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its third quarter ended September 30, 2015. Revenues for the third quarter were $2.1 million, compared with revenues of $2.2 million for the second quarter ended June 30, 2015 and $3.1 million for the comparable quarter of 2014.

License revenue for the third quarter of 2015 was $1.0 million, compared with $1.1 million for the prior quarter and $1.3 million for the comparable quarter of 2014. The majority of the third 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 third quarter of 2015, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.1 million, or $0.42 per basic and diluted share, as compared with GAAP net loss of $2.5 million, or $0.51 per basic and diluted share, for the second quarter of 2015 and GAAP net loss of $3.3 million, or $0.68 per basic and diluted share, for the comparable quarter of 2014.

As of September 30, 2015 the Company had $32.2 million of cash and cash equivalents and short-term investments, compared to a combined balance of $35.3 million as of June 30, 2015 and $39.6 million as of September 30, 2014.

“In Q3, we expanded the worldwide user base for Vmoso to over 100,000 and established partnerships in several key markets to extend our global presence,” said Dr. Pehong Chen, President and CEO of BroadVision. “Our expanded partnership with Deutsche Telekom’s T-Systems has already provided positive results and new customers. We continue to see positive feedback and validation from customers and partners who see Vmoso as the mobile-centric, unified business communication, collaboration, and engagement platform for today’s workplace.”

 

Conference Call Information

BroadVision management will host a conference call today, Wednesday, October 28, 2015, at 2:00PM Pacific Daylight Time (PDT). The conference call may be accessed by dialing: 1-888-424-8151, with pin code 5569711#. Callers outside North America should call +1-847-585-4422 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. A web replay will also be available following the call on the Company’s website.

 

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 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 forward-looking statements involve risk and uncertainties. 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. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations. Various factors and risks associated with BroadVision’s business are discussed in its most recent annual report on Form 10-K and in BroadVision’s quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission.

 

 

BROADVISION, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

 

September 30,December 31,
20152014
ASSETS(unaudited)
Current assets:
Cash, cash equivalents and short-term investments$ 32,240$ 37,079
Other current assets 2,291 4,405
Total current assets 34,531 41,484
Other non-current assets 290 342
Total assets$ 34,821$ 41,826
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$ 5,213$ 5,439
Other non-current liabilities 1,060 774
Total liabilities 6,273 6,213
Total stockholders’ equity 28,548 35,613
Total liabilities and stockholders’ equity$ 34,821$ 41,826

 


 

BROADVISION, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share data)

(unaudited)

 

Three Months EndedNine Months Ended
September 30,September 30,
2015201420152014
Revenues:
Software licenses$ 1,035$ 1,331$ 3,231$ 3,809
Services 1,047 1,794 3,534 5,470
Total revenues 2,082 3,125 6,765 9,279
Cost of revenues:
Cost of software revenues 36 26 121 115
Cost of services 662 1,078 2,196 3,401
Total cost of revenues 698 1,104 2,317 3,516
Gross profit 1,384 2,021 4,448 5,763
Operating expenses:
Research and development 1,752 1,836 5,407 5,440
Sales and marketing 1,237 1,226 3,682 4,084
General and administrative 858 1,020 2,612 2,898
Total operating expenses 3,847 4,082 11,701 12,422
Operating loss (2,463) (2,061) (7,253) (6,659)
Other income (expense), net 399 (1,159) (846) (1,204)
Loss before provision for income taxes (2,064) (3,220) (8,099) (7,863)
Provision for income taxes (3) (33) (19) (62)
Net loss$ (2,067)$ (3,253)$ (8,118)$ (7,925)
Earnings per share, basic and diluted:
Basic and diluted loss per share$ (0.42)$ (0.68)$ (1.67)$ (1.65)
Shares used in computing:
Weighted average shares-basic and diluted 4,865 4,810 4,849 4,791

 

BroadVision Contact:

Peter Chu

Investor Relations

(650) 295-0716 x7177

Ir1@broadvision.com

BroadVision Sets Date to Announce Third Quarter Results

Redwood City, CA – October 14, 2015 – BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today announced that it will release its third quarter 2015 financial results on Wednesday, October 28 at approximately 1:30PM Pacific Daylight Time (PDT).

In addition, the company will host an Investor/Analyst conference call at 2:00PM PDT. Dial-in information is: 1-888-424-8151, with pin code 5569 711#Callers outside North America should call +1-847-585-4422 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Company executives will review financial results and discuss the state of BroadVision’s business during the call.

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 unified business collaboration and engagement, and Clearvale for enterprise social networking— are available globally in the cloud via the Web and mobile applications. Visit BroadVision.com for more details.

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

BroadVision Contact:

Peter Chu

Investor Relations

(650) 295-0716 x7177

Ir1@broadvision.com

BroadVision and Deutsche Telekom Deliver Enterprise Collaboration Solution for an Interconnected World

 

  • New enterprise collaboration platform Vmoso bundles all communication and workflows – email, chat and social networking – on one platform
  • Increased collaboration inside and outside the organization
  • Solution delivered from T-Systems’ secure German data center

Redwood City, California – September 15, 2015 ─ BroadVision, Inc. (Nasdaq: BVSN), a leading provider of business collaboration and engagement solutions, today announced a deal with Deutsche Telekom (henceforth referred to as T-Systems) to join forces to cover the growing demand for mobile social enterprise solutions. After a successful initial partnership focused on local hosting services in Germany, the partners now offer the communication and collaboration platform “Vmoso” to European customers – medium and large enterprises. BroadVision and T-Systems will create cloud hosting, sales and distribution options for BroadVision products and specifically the Vmoso platform.

Today’s modern enterprise demands efficient tools to increase communication and collaboration inside and outside the central organization; combined with enterprise-grade security and data protection. Vmoso consolidates into one platform, the five most essential business communication and collaboration tools—email, chat, content sharing, workflow, and social networking. Customers have total control over their data and its location while still retaining the flexibility of a cloud-based solution. The applications run on a dedicated, secure instance on the T-Systems platform.

“Our customer’s today face considerable communication and collaboration challenges in a mobile, interconnected world. With Vmoso, we are expanding our partner ecosystem and widen our portfolio of simple and cost-effective cloud solutions. Customers in Europe will benefit from an enterprise-ready solution combined with the safe and secure environment T-Systems guarantees,” stated Frank Strecker, SVP Global Cloud Computing & Partner Ecosystems, T-Systems.

“Our partnership with Deutsche Telekom extends the BroadVision and Vmoso global footprint with partners in APAC, NASA and EMEA,” said Dr. Pehong Chen, Chairman, President and CEO of BroadVision, Inc. “Deutsche Telekom is a strong partner and will provide hosting and reselling services to our customers starting initially in Germany and Central Europe. With the expanded partnership, now including sales and customer development, T-Systems Digital Division will actively promote and sell access to use Vmoso”.

With more than 100,000 secure chat users within its systems, Vmoso is at the center of a new generation of solutions that target employees’ mobile productivity needs and yet preserve the enterprise’s requirements for secure and effective management of shared information. Vmoso’s design creates an ideal online environment for collaborative work between colleagues, partners and customers.

 

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 unified business collaboration and engagement, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit BroadVision.com for more details.

Twitter: @BroadVision

 

About Vmoso

Vmoso is a cloud application for conducting virtual enterprise communication, mobile workgroup collaboration, and social business engagement. It unifies five workplace activities in one platform: email, instant messaging, content sharing, workflow, and social networking.  It empowers users and their extended organizations to communicate and collaborate whenever, wherever and on whatever device they choose; allowing for greater productivity in less time and at much lower cost. Visit www.BroadVision.com/Vmoso for more details.

 

About T-Systems

Deutsche Telekom considers the European business customer segment a strategic growth area. Deutsche Telekom offers small, medium-sized and multinational companies ICT solutions for an increasingly complex digital world. In addition to services from the cloud, the range of services is centered around M2M and security solutions, complementary mobile communications and fixed network products, and solutions for virtual collaboration and IT platforms, all of which forms the basis for our customers’ digital business models. With approximately 47,800 employees worldwide, T-Systems generated revenue of around EUR 8,6 billion in the 2014 financial year.

 

About Deutsche Telekom

Deutsche Telekom is one of the world’s leading integrated telecommunications companies with around 151 million mobile customers, 30 million fixed-network lines and more than 17 million broadband lines (as of December 31, 2014). The Group provides fixed network, mobile communications, Internet and IPTV products and services for consumers and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in more than 50 countries and has approximately 228,000 employees worldwide. The Group generated revenues of EUR 62.7 billion in the 2014 financial year – more than 60 percent of it outside Germany.

Twitter: @telekom_group

 

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

BroadVision Contact: Ty J. Levine VP of Marketing and Business Development, BroadVision, Inc. 408.390.6866 ty.levine@broadvision.com

BroadVision Announces Second Quarter 2015 Results

REDWOOD CITY, CA — July 24, 2015 — BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its second quarter ended June 30, 2015. Revenues for the second quarter were $2.2 million, compared with revenues of $2.5 million for the first quarter ended March 31, 2015 and $3.2 million for the comparable quarter of 2014.

License revenue for the second quarter of 2015 was $1.1 million, compared with $1.1 million for the prior quarter and $1.3 million for the comparable quarter of 2014. The majority of the second 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 second quarter of 2015, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.5 million, or $0.51 per basic and diluted share, as compared with GAAP net loss of $3.6 million, or $0.74 per basic and diluted share, for the first quarter of 2015 and GAAP net loss of $2.3 million, or $0.49 per basic and diluted share, for the comparable quarter of 2014.

As of June 30, 2015 the Company had $35.3 million of cash and cash equivalents and short-term investments, compared to a combined balance of $36.3 million as of March 31, 2015 and $43.9 million as of June 30, 2014.

“In Q2, we expanded the worldwide user base for Vmoso to over 100,000 and established partnerships in several key markets to extend our global presence,” said Dr. Pehong Chen, President and CEO of BroadVision. “Based on the positive feedback and validation we continue to receive from customers and users, we believe Vmoso as a mobile-centric unified business communication, collaboration, and engagement platform, delivered through a secure private cloud, will generate significant value for enterprises across numerous target industries, while enabling us to achieve our business objectives.”

Conference Call Information

BroadVision management will host a conference call today, Friday, July 24, 2015, at 2:00PM Pacific Daylight Time (PDT). The conference call may be accessed by dialing: 1-888-424-8151, with pin code 6776924#. Callers outside North America should call +1-847-585-4422 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. A web replay will also be available following the call on the Company’s website.

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 value creation and our ability to meet business objectives, 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 forward-looking statements involve risk and uncertainties. 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. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations. Various factors and risks associated with BroadVision’s business are discussed in its most recent annual report on Form 10-K and in BroadVision’s quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission.


BROADVISION, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

June 30,December 31,
20152014
ASSETS(unaudited)
Current assets:
Cash, cash equivalents and short-term investments$ 35,262$ 37,079
Other current assets 2,186 4,405
Total current assets 37,448 41,484
Other non-current assets 299 342
Total assets$ 37,747$ 41,826
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$ 6,086$ 5,439
Other non-current liabilities 1,183 774
Total liabilities 7,269 6,213
Total stockholders’ equity 30,478 35,613
Total liabilities and stockholders’ equity$ 37,747$ 41,826

 


BROADVISION, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share data)

(unaudited)

Three Months EndedSix Months Ended
June 30,June 30,
2015201420152014
Revenues:
Software licenses$ 1,109$ 1,252$ 2,196$ 2,478
Services 1,078 1,908 2,487 3,676
Total revenues 2,187 3,160 4,683 6,154
Cost of revenues:
Cost of software revenues 40 45 85 89
Cost of services 817 1,333 1,534 2,323
Total cost of revenues 857 1,378 1,619 2,412
Gross profit 1,330 1,782 3,064 3,742
Operating expenses:
Research and development 1,797 1,775 3,655 3,604
Sales and marketing 1,305 1,351 2,445 2,858
General and administrative 866 878 1,754 1,878
Total operating expenses 3,968 4,004 7,854 8,340
Operating loss (2,638) (2,222) (4,790) (4,598)
Other income (expense), net 143 (85) (1,245) (45)
Loss before provision for income taxes (2,495) (2,307) (6,035) (4,643)
Provision for income taxes (1) (26) (16) (29)
Net loss$ (2,496)$ (2,333)$ (6,051)$ (4,672)
Earnings per share, basic and diluted:
Basic and diluted loss per share$ (0.51)$ (0.49)$ (1.25)$ (0.98)
Shares used in computing:
Weighted average shares-basic and diluted 4,849 4,794 4,841 4,782

 

BroadVision Contact:       

Peter Chu

Investor Relations

(650) 295-0716 x7177

Ir1@broadvision.com

BroadVision Sets Date to Announce Second Quarter Fiscal Year 2015 Results

REDWOOD CITY, Calif. – July 10, 2015 – BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today announced that it will release its second quarter 2015 financial results on Friday, July 24 at approximately 1:30PM Pacific Time (PDT).

In addition, the company will host an Investor/Analyst conference call at 2:00PM Pacific Standard Time (PDT). Dial in information is: 1-888-424-8151, with pin code 6776924#. Callers outside North America should call +1-847-585-4422 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Company executives will review financial results and discuss the state of BroadVision’s business during the call.

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 unified business collaboration and engagement, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit BroadVision.com for more details.

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

BroadVision Contact:

Peter Chu

Investor Relations

(650) 295-0716 x7177

Ir1@broadvision.com