Tag: 2013

Survey Shows Business Professionals Suffer from Digital Overload

REDWOOD CITY, CALIF–December 16, 2013 – BroadVision, Inc. (Nasdaq: BVSN), a leading provider of e-business and engagement management solutions, today revealed the results of a global survey indicating that the main source of information overload people suffer from is not the volume of email received, but rather the number of separate digital business communication channels.  BroadVision has identified three common communication and collaboration challenges, along with best practices for improving business efficiencies and eliminating digital duplications.

BroadVision® survey highlights include:

  • Nearly 60 percent of respondents feel overwhelmed by their distributed digital footprint with their work and commercial communications in separate places.
  • 60 percent of respondents spend more than three hours per day emailing, attending      phone calls, or meeting with colleagues, partners, suppliers, or customers.
  • More than half of respondents reply to more than ten email messages per day on which they are cc’d; additionally 30 percent reply to more than 25 email messages per day on which they are cc’d.
  • Half of respondents use SMS group messaging and/or file sharing to conduct business.

“A digitally overwhelmed person is inundated with endless email and communication threads in an overflowing inbox, and is tired of information scattered across multiple disjointed communication and collaboration silos,” said Richard Hughes, Director of Social Strategy at BroadVision.  “Without a unified user experience, businesses may be at risk of fragmented critical knowledge flows across multiple tools and disparate silos with wasteful redundancies and messy inefficiencies.”

Three Challenges of Business Communication and Collaboration and How to Alleviate Them
1. Professionals are digitally overwhelmed – Professionals have varying degrees of emails and SMS threads in a bursting inbox spread out across multiple fragmented silos.  All this information from different sources leaves people feeling like they spend far too much of their time maintaining different communication channels, and so inundated they find it increasingly hard to locate what is needed to do their jobs.

The Solution: Consolidate all conversations into a unified stream  Don’t add to the portfolio of tools in use, but rather find a single communication and collaboration tool to do it all.  Using a single, unified solution means less time spent trying to find the needed information buried in different disconnected services.

2. Email lacks accountability – Often professionals do not know if a recipient is going to do what is asked of them in an email, or whether they even received the email until they reply.  With the ever increasing volume of email, especially when reply-all messages clutter the inbox, it’s difficult to separate the email with action needed from an email that is just noise with no request for participation.  In order to compensate, a recipient has to read and reply to everything or risk missing an important message, both of which take valuable amounts of time.

The Solution: Inject accountability into business communication – Know when you need to take action by having a clear picture of what is expected, from whom, and by when.  Task management is designed to inject accountability into business communication by allowing full views of the discussions amongst all members within a task, while keeping deliverables accountable to assignees.  This adds a dimension of structured processes to an otherwise unstructured form of communication, resulting in better business workflows.

3. Fragmented corporate knowledge – A large amount of a company’s knowledge is held in email discussions, and these typically live in individual employees’ email folders, rather than as a centralized company resource.  This is a particularly important issue in the area of group discussions and capturing collective knowledge across time zones and geographical locations.

The Solution: Ensure a single source of truth – By shifting the conversation into a virtual workspace, communication and collaboration can take place easily and securely.  The workspace should sit along the existing email system and provide a more streamlined, manageable view of all discussions and file attachments.  A single, definitive view of the discussion should be available to all participants and easily discoverable by other network members who are entitled or invited to see it.   It enables an organization to connect their entire social ecosystem together to avoid duplication of content and users, resulting in a more efficient way to get work done easier and faster. 

Survey Methodology
This research, conducted online by BroadVision, surveyed more than 300 professionals across the Americas, Europe, and Asia-Pacific.  This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) is a provider of e-business and engagement management solutions for organizations seeking to transform their communication and collaboration efforts within and outside the enterprise by embedding valuable social behaviors into business relationships and processes.  BroadVision solutions – including the Clearvale® enterprise social networking solution – deliver a virtual, mobile, and social platform of engagement for sharing expertise, enhancing business agility, and tracking accountability to deliver clarity in decision-making and improvement in both productivity and business results.  Visit www.BroadVision.com for more details.

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

BroadVision Contact:   

Karen Cohen

Public & Analyst Relations Manager

BroadVision, Inc.

650.295.0716 x7174

karen.cohen@broadvision.com

BroadVision Announces Third Quarter 2013 Results

REDWOOD CITY, CA — October 23, 2013 — 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, 2013. Revenues for the third quarter were $4.0 million, compared with revenues of $4.1 million for the second quarter ended June 30, 2013 and $3.6 million for the comparable quarter of 2012.

License revenue for the third quarter of 2013 was $1.3 million, compared with $1.4 million for the prior quarter and $1.3 million for the comparable quarter of 2012. 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 such as Allpku Management Consultants Ltd., The Barnet Group, Business Networks Europe GmbH, Global Hotel Alliance, Prime Polymer Co., Ltd., Zambon SpA, and several other brand-name global customers.

In the third quarter of 2013, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $0.8 million, or $0.18 per basic and diluted share, as compared with GAAP net loss of $1.1 million, or $0.23 per basic and diluted share, for the second quarter of 2013 and GAAP net loss of $0.07 million, or $0.01 per basic and diluted share, for the comparable quarter of 2012.

As of September 30, 2013 the Company had $47.7 million of cash and cash equivalents and short-term investments, compared to a combined balance of $49.5 million as of June 30, 2013 and $52.0 million as of September 30, 2012.

“The third quarter marks another milestone for our Clearvale ecosystem with the addition of partners such as SugarCRM and China National Software and Services Co., a leading software provider in China,” said Dr. Pehong Chen, President and CEO, BroadVision. “Our investments in hybrid networks, ad-hoc workflow and social analytics are differentiating Clearvale from other offerings in the market.  Clearvale is designed with the needs of both end customers and partners in mind, and we are actively expanding partnerships globally and across verticals such as industrials, financial services, healthcare services and other engagement, knowledge and service-intensive sectors.”

Conference Call Information
BroadVision management will host a conference call today, Wednesday, October 23rd, 2013, 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) is a provider of e-business and engagement management solutions for organizations seeking to transform their communication and collaboration efforts within and outside the enterprise by embedding valuable social behaviors into business relationships and processes.  BroadVision solutions – including the Clearvale enterprise social networking solution – deliver a virtual, mobile, and social platform of engagement for sharing expertise, enhancing business agility, and tracking accountability to deliver clarity in decision-making and improvement in both productivity and business results.  Visit www.BroadVision.com for more details.

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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, including statements about expected partnership expansions and the effect of enterprise social networking technologies on enterprises, 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.

Download this press release

BroadVision Contact:

Peter Chu

Investor Relations

(650) 295-0716 x7177

ir1@broadvision.com

Zambon Deploys Enterprise Social Network Using Clearvale

MILAN–October 15, 2013- BroadVision, Inc. (Nasdaq: BVSN), a leading provider of e-business and engagement management solutions, and Gruppo Reti, an IT consulting services company specializing in domestic and international markets, today announced that Zambon SpA, one of the world’s leading pharmaceutical and chemical multinationals, has selected the Clearvale®enterprise social networking solution.

With more than 2,600 employees in 15 countries including Switzerland, France, China, and Brazil, Zambon sought a social platform to increase engagement across time zones and geographies.  Zambon will use Clearvale as an internal networking solution to support communication, collaboration, and knowledge preservation for key business initiatives and consulting projects among its employees.  By using Clearvale, Zambon will be able to work socially and more effectively on everyday business processes, often reducing the frequency of meetings, emails, and conference calls typically needed to get work done.

“At Zambon, we see the sharing of knowledge and information as the key to understanding the big picture of our company’s performance,” said Luigi Romanelli, CIO at Zambon Group.  “Clearvale is unique in its depth and breath as a comprehensive social enterprise networking platform that is both easy to deploy and has a fast time to delivery.”

“Innovation is at the heart of our business.  Clearvale allows us to capitalize on the exploding market for engagement management by providing our clients with access to a powerful solution for embedding valuable social behaviors into business relationships and processes,” said Bruno Paneghini, President at Gruppo Reti.  “We are excited to offer Clearvale to our clients, making it simple for organizations to directly engage and conduct real business interactions on a single social network.”

Clearvale addresses the critical needs and complexities of real business engagement by enabling users to meet, build relationships, share ideas, create content, and learn from one another on a cloud-based platform.  By using Clearvale, organizations benefit from anytime, anywhere collaboration and communication on everyday business processes, often increasing the speed, quality, and discovery of information for improved business agility and productivity.

“With Clearvale, enterprises looking to move to Enterprise 2.0 in the context of cloud computing can now further engage with their employees, partners, and customers by leveraging the latest social technology to deliver immediate top and bottom line impact,” said Stefano Gargioli, EMEA General Manager at BroadVision.  “We look forward to collaborating with Zambon and Gruppo Reti.”

About Zambon 
Zambon is a leading Italian pharmaceutical and chemical multinational company that has earned a strong reputation over the years for high quality products and services.  Zambon is well-established in 3 therapeutic areas: respiratory, pain and woman care, and is very strongly committed to its entry into the CNS space. Zambon SpA produces high quality products thanks to the management of the whole production chain which involves Zach (Zambon chemical), a privileged partner for API, custom synthesis and generic products. The Group is strongly working on the treatment of the chronic respiratory diseases as BPCO and on the CNS therapeutic area with safinamide for the Parkinson treatment. Zambon is headquartered in Milan and was established in 1906 in Vicenza. Zambon is present in 15 countries with more than 2,600 employees with manufacturing units in Switzerland, France, China and Brazil.

For details on Zambon please see: www.zambongroup.com

About Gruppo Reti
As part of Gruppo Reti, ICT Consulting is the main activity company on domestic and international markets. Over 160 professionals in possession of the major IT certifications are the strength that allowed Networks Group developed steadily over the years.
http://www.reti.it/

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) is a provider of e-business and engagement management solutions for organizations seeking to transform their communication and collaboration efforts within and outside the enterprise by embedding valuable social behaviors into business relationships and processes.  BroadVision® solutions – including the Clearvale enterprise social networking solution – deliver a virtual, mobile, and social platform of engagement for sharing expertise, enhancing business agility, and tracking accountability to deliver clarity in decision-making and improvement in both productivity and business results.  Visit www.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:  

Karen Cohen

Public & Analyst Relations Manager

BroadVision, Inc.

650.295.0716 x7174

karen.cohen@broadvision.com