Tag: 2014

BroadVision Announces Wide Availability of Vmoso

REDWOOD CITY, CAFebruary 5, 2015- BroadVision, Inc. (Nasdaq: BVSN), a leading provider of business collaboration and engagement solutions, today announced the wide availability of Vmoso, an integrated suite of communication and collaboration solutions for the enterprise. The latest Vmoso release includes two versions – an Enterprise Edition for corporate use, including small and medium sized businesses (SMBs), and a Personal Edition for individual and small office/home office (SOHO) users. Both services are cloud-based and accessible online via the Web or mobile app for iOS or Android.

Vmoso, which consolidates into one platform the five most essential business communication and collaboration tools—email, chat, content sharing, workflow, and social networking—now has more than 60,000 secure chat users within its systems.

“With more than 60,000 users on the Vmoso platform, we are seeing the deep impact that efficient communication and effective collaboration can truly have on our customers’ bottom lines,” said Dr. Pehong Chen, President and CEO of BroadVision. “I encourage anyone who is overwhelmed by too much email and multiple fragmented business tools to download the free mobile app and invite your contacts into your network. I’m confident the unique design of Vmoso will provide time savings and improved productivity to the real work you do every day, without the all-too-familiar sense of communication overload or the all-to-real security risks posed by the proliferation of consumer applications used in the workplace.”

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 unique design creates an ideal online environment for collaborative work between colleagues, partners and customers. Vmoso highlights:

  • Unification: Consolidating activities that often require several programs, platforms and apps, Vmoso provides users the freedom to perform nearly any function seamlessly from their desktops, tablets or smartphones.
  • Personalization: The ability to “push” information to—as well as “pull” information from—this customizable environment allows users to decide what information they see and receive.
  • Mobility:– The “Bring Your Own Device” and “Bring Your Own Application” (BYOD/BYOA) phenomenon is a reality in today’s workplace. Vmoso connects employees, partners and customers in a social environment through enterprise mobile apps, from virtually anywhere at any time, for secure collaboration on any device.
  • Integration:– Acting as a universal inbox of business engagement, Vmoso allows users the freedom to collaborate in one interconnected environment—even in collaboration with non-Vmoso users.
  • Security:– Enterprise-grade security features control who can access what information and ensures productivity without compromising security. Enterprises are now recognizing the need to control where their data is stored, whether it is on a private or public cloud.

Start using Vmoso today by registering at Broadvision.com/Vmoso or download the mobile app for free from the AppStore for iOS devices or Google Play for Android devices.
Organized and customizable Vmoso enterprise pilot programs are also available. Organizations are encouraged to contact Sales@BroadVision.com for details.

About Vmoso

Vmoso is a cloud application for conducting virtual enterprise communication, mobile workgroup collaboration, and social business engagement. It unifies email, instant messaging, content sharing, workflow, and social networking under a cohesive experience, empowering users and their extended organizations to get more work done in significantly less time and at much lower cost. Visit www.BroadVision.com/Vmoso for more details.

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 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, Americas
BroadVision, Inc.
408.390.6866
ty.levine@broadvision.com

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BroadVision Announces Fourth Quarter 2014 Results

REDWOOD CITY, CAFebruary 5, 2015- BroadVision, Inc. (Nasdaq: BVSN), a leading provider of business collaboration and engagement solutions, today reported financial results for its fourth quarter ended December 31, 2014. Revenues for the fourth quarter were $4.3 million, compared with revenues of $3.1 million for the third quarter ended September 30, 2014 and $3.7 million for the comparable quarter of 2013.

License revenue for the fourth quarter of 2014 was $2.7 million, compared with $1.3 million for the prior quarter and $1.4 million for the comparable quarter of 2013. 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 2014, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $1.6 million, or $0.32 per basic and diluted share, as compared with GAAP net loss of $3.3 million, or $0.68 per basic and diluted share, for the third quarter of 2014 and GAAP net loss of $1.3 million, or $0.28 per basic and diluted share, for the comparable quarter of 2013.

Full-year 2014 revenues totaled $13.6 million, with GAAP net loss of $9.5 million, or $1.98
per basic and diluted share, compared to 2013 revenues of $15.6 million and GAAP net loss of $5.4 million, or $1.15 per basic and diluted share.

As of December 31, 2014 the Company had $37.1 million of cash and cash equivalents and short-term investments, compared to a combined balance of $39.6 million as of September 30, 2014 and $46.4 million as of December 31, 2013.

“With the start of 2015 we are pleased to announce the wide availability of Vmoso after an extended period of testing with partners and prospects,” said Dr. Pehong Chen, President and CEO of BroadVision. “Vmoso is a strategic initiative which leverages BroadVision’s core competencies in building secure, scalable and open architecture enterprise solutions to meet the market demand for mobile and agile engagement of employees, partners and customers.”

Conference Call Information

BroadVision management will host a conference call today, Thursday, February 5, 2015, at 2:00PM Pacific Standard Time (PST). 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 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 are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries.

BroadVision Contact:
Peter Chu,
Investor Relations
BroadVision, Inc.
650.295.0716 x7177
Ir1@broadvision.com

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Broadvision Releases Clearvale Chat for Instant Business Communication

REDWOOD CITY, CADecember 11, 2014- BroadVision, Inc. (Nasdaq: BVSN), a leading provider of business collaboration and engagement solutions, today announced it has released Clearvale Chat for desktop and mobile instant messaging. Clearvale Chat enhances Clearvale’s rich set of business communication features delivering the communication and collaboration capabilities that enterprise users need, on the secure network they already use.

The Clearvale® solution provides a full suite of social collaboration capabilities including communities, tasks, blogs and forums, and mobile users demand a real-time channel to hold discussions or share files to provide context to their work in a community or group work space. On top of that, Clearvale Chat enables:

  • Real-Time Communication – Chat enhances users’ need to resolve issues more quickly and informally while not compromising the secure, organized and reusable benefits of an integrated approach to unified corporate communication and collaboration.
  • Enterprise-Grade Security – Unlike consumer chat tools that are often used in the workplace, Clearvale Chat is supported by enterprise-class security features, ensuring data privacy and giving the organization full control over network access.
  • Seamless Mobility – Clearvale Chat allows users instant access to their conversations from anywhere at any time. In addition to browser-based collaboration, Clearvale Chat is available for Android and iOS devices for seamless integration.

“For more than twenty years, BroadVision’s commitment to delivering the best and most innovative solutions to the enterprise has resulted in continuous breakthroughs in business communication and secure collaboration,” says Dr. Pehong Chen, CEO of BroadVision. “We listened when our customers requested an instant messaging tool that would protect sensitive data and important company information, and we have designed Clearvale Chat as a brand new channel for securely connecting across all platforms to get work done more quickly, easily and productively.”

New and existing Clearvale customers will find Clearvale Chat, a premium feature offered free of charge, as a new component of their existing network. In addition, the latest Clearvale® social networking solution also includes the following enhancements:

  • Login preferences: Users in a single network or an ecosystem of networks have the ability to change their Clearvale login names and affiliated primary email address in an easy-to-update method.
  • Adding files to forum topics: The editing toolbar is now equipped with a file uploading feature accessible though both desktop and mobile devices.
  • Better guest registration controls for “hybrid” networks: Administrators now have full control of guest-related system limitations including self-registration, network privileges and email domain preferences.
  • Improvements in search results and file listing displays, language displays, and time zone preferences.

Clearvale, a fully customizable social software platform, helps businesses engage, track and share information with employees, customers and partners in a secure environment.
Related Links and Additional Information:

  • Learn more about Clearvale
  • Read the blog
  • Follow Clearvale on Twitter @Clearvale
  • Learn more about becoming a Clearvale partner

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 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, Americas
BroadVision, Inc.
408.390.6866
ty.levine@broadvision.com

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BroadVision Announces Third Quarter 2014 Results

REDWOOD CITY, CA — October 22, 2014 — 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, 2014. Revenues for the third quarter were $3.1 million, compared with revenues of $3.2 million for the second quarter ended June 30, 2014 and $4.0 million for the comparable quarter of 2013.

License revenue for the third quarter of 2014 was $1.3 million, compared with $1.3 million for the prior quarter and $1.3 million for the comparable quarter of 2013. 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 2014, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $3.3 million, or $0.68 per basic and diluted share, as compared with GAAP net loss of $2.3 million, or $0.49 per basic and diluted share, for the second quarter of 2014 and GAAP net loss of $0.8 million, or $0.18 per basic and diluted share, for the comparable quarter of 2013.

As of September 30, 2014 the Company had $39.6 million of cash and cash equivalents and short-term investments, compared to a combined balance of $43.9 million as of June 30, 2014 and $47.7 million as of September 30, 2013.

“The availability of our new unified communication and collaboration solution, Vmoso, is timely and welcomed by enterprises in need of solutions to keep up with the speed and reach of a truly mobile and global business environment. Vmoso’s commitment to consolidating email, chat, content sharing, workflow, and social networking into one cohesive platform resonates well with our customer base,” said Dr. Pehong Chen, President and CEO of BroadVision. “Vmoso is at the center of a new generation of solutions that fit employees’ mobile productivity needs and yet preserve the enterprise’s requirements for secure and effective management of shared information.”

Conference Call Information

BroadVision management will host a conference call today, Wednesday, October 22nd, 2014, 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 unified communication and 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, including statements about the ability of enterprises to achieve to achieve value, results and efficiencies, 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,
20142013
ASSETS(unaudited)
Current assets:
Cash, cash equivalents and short-term investments$ 39,617$ 46,400
Other current assets 3,468 4,771
Total current asset 43,085 51,171
Other non-current assets 377 438
Total assets$ 43,462$ 51,609
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$ 5,782$ 7,417
Other non-current liabilities 826 778
Total liabilities 6,608 8,195
Total stockholders’ equity 36,854 43,414
Total liabilities and stockholders’ equity$ 43,462$ 51,609

 


 

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,
2014201320142013
Revenues:
Software licenses$ 1,331$ 1,312$ 3,809$ 4,301
Services 1,794 2,652 5,470 7,586
Total revenues 3,125 3,964 9,279 11,887
Cost of revenues:
Cost of software revenues 26 55 115 125
Cost of services 1,078 1,225 3,401 3,459
Total cost of revenues 1,104 1,280 3,516 3,584
Gross profit 2,021 2,684 5,763 8,303
Operating expenses:
Research and development 1,836 1,779 5,440 5,318
Sales and marketing 1,226 1,316 4,084 4,270
General and administrative 1,020 920 2,898 3,037
Total operating expenses 4,082 4,015 12,422 12,625
Operating loss (2,061) (1,331) (6,659) (4,322)
Other (expense) income, net (1,159) 544 (1,204) 314
Loss before provision for income taxes (3,220) (787) (7,863) (4,008)
Provision for income taxes (33) (61) (62) (80)
Net loss$ (3,253)$ (848)$ (7,925)$ (4,088)
Earnings per share, basic and diluted:
Basic and diluted loss per share$ (0.68)$ (0.18)$ (1.65)$ (0.87)
Shares used in computing:
Weighted average shares-basic and diluted 4,810 4,720 4,791 4,703

 


 

BroadVision Contact:       

Peter Chu

Investor Relations

(650) 295-0716 x7177

Ir1@broadvision.com