REDWOOD CITY, CA–July 1, 2014 –BroadVision, Inc. (Nasdaq: BVSN), a leading provider of e-business and engagement management solutions, today announced its partnership with social business consultancy Agile Elephant.
Formed in January 2014, Agile Elephant provides consultancy and collaboration solutions, helping companies embrace the new digital culture of social collaboration, sharing and openness that is changing business models and the world of work.
This partnership will see BroadVision and Agile Elephant working together to provide enterprise social business solutions across various sectors but with a focus on law firms, consulting firms and charities.
“We’re really excited to be working with BroadVision. The Clearvale social business platform has one of the most comprehensive feature sets we’ve come across, and it’s very easy to configure and manage. Its cloud solution allows us to provide a straightforward deployment without the need for any IT infrastructure, meaning we can focus on helping customers build their collaboration culture, their communities, and get their employees and partners fully engaged,” said David Terrar, Founder and CXO of Agile Elephant.
“Agile Elephant’s experience complements our Clearvale solution and we’re pleased to be working with a combined passion for what it can do for both internal and external collaboration, enabling us to build on what we have already achieved with organisations such as the NHS,” added Ian Heggs, EMEA Director – Business Operations.
As a partner of BroadVision, Agile Elephant is a reseller of Clearvale and maintains a team of functional consultants and product experts to help organisations successfully transition to a social enterprise.
Clearvale is a social platform of engagement where employees, customers, and partners can share expertise and content, enhance business agility through increased communication and collaboration, and track accountability in the network, business processes, and sources of knowledge.
Related Links and Additional Information:
- Learn more about Clearvale
- Read the BroadVision blog
- Watch a video about Clearvale
- Follow Clearvale on Twitter @Clearvale
About Agile Elephant
Agile Elephant is a new kind of consultancy designed to help companies embrace the new digital culture of social collaboration, sharing and openness that is changing business models and the world of work. The Agile Elephant founders have been working with social technologies since their inception and understand business, social, and digital inside out. They combine decades of experience of business management, strategy, operations, sales, marketing, human capital management, communications, enterprise software, social media strategy and monitoring, business analytics and research. Their approach and services link collaboration, digital and social tools directly to their client’s core business process and focus on the practical business needs that add real value to the bottom line.
To find out more contact:
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, the Clearvale logo, Clearvale and all their case-sensitive permutations are trademarks of BroadVision, Inc. in the USA and other countries.
VP of Sales & Marketing
REDWOOD CITY, CA — July 30, 2014 — 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, 2014. Revenues for the second quarter were $3.2 million, compared with revenues of $3.0 million for the first quarter ended March 31, 2014 and $4.1 million for the comparable quarter of 2013.
License revenue for the second quarter of 2014 was $1.3 million, compared with $1.2 million for the prior quarter and $1.4 million for the comparable quarter of 2013. 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 2014, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.3 million, or $0.49 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 first quarter of 2014 and GAAP net loss of $1.1 million, or $0.23 per basic and diluted share, for the comparable quarter of 2013.
As of June 30, 2014 the Company had $43.9 million of cash and cash equivalents and short-term investments, compared to a combined balance of $45.9 million as of March 31, 2014 and $49.5 million as of June 30, 2013.
”On Tuesday, July 29th, we announced the release of Vmoso,a new platform of engagement unifying virtual, mobile, and social communication & collaboration for the enterprise, andmyVmoso, its companion “freemium” offering for individual professional and SOHO users. ” said Dr. Pehong Chen, President and CEO of BroadVision, “Vmoso consolidates the five most essential business communication & collaboration tools — email (long messaging), chat (short messaging), content-sharing, workflow, and social networking — into one cohesive platform, which we believe will enable the enterprise to accrue significant business value by getting more done with less. We are truly excited about its potential and look forward to introducing its benefits to our customers on a global basis. ”
Conference Call Information
BroadVision management will host a conference call today, Wednesday, July 30th, 2014, at 2:00PM Pacific DaylightTime (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.
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise, 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 & 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
|June 30,||December 31,|
|Cash, cash equivalents and short-term investments||$||43,948||$||46,400|
|Other current assets||3,222||4,771|
|Total current asset||47,170||51,171|
|Other non-current assets||408||438|
|LIABILITIES AND STOCKHOLDERS’ EQUITY|
|Other non-current liabilities||781||778|
|Total stockholders’ equity||39,690||43,414|
|Total liabilities and stockholders’ equity||$||47,578||$||51,609|
BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
|Three Months Ended||Six Months Ended|
|June 30,||June 30,|
|Cost of revenues:|
|Cost of software revenues||45||46||89||70|
|Cost of services||1,333||1,057||2,323||2,234|
|Total cost of revenues||1,378||1,103||2,412||2,304|
|Research and development||1,775||1,836||3,604||3,539|
|Sales and marketing||1,351||1,506||2,858||2,954|
|General and administrative||878||1,022||1,878||2,117|
|Total operating expenses||4,004||4,364||8,340||8,610|
|Other (expense) income, net||(85)||300||(45)||(230)|
|Loss before provision for income taxes||(2,307)||(1,087)||(4,643)||(3,221)|
|Provision for income taxes||(26)||(5)||(29)||(19)|
|Earnings per share, basic and diluted:|
|Basic and diluted loss per share||$||(0.49)||$||(0.23)||$||(0.98)||$||(0.69)|
|Shares used in computing:|
|Weighted average shares-basic and diluted||4,794||4,702||4,782||4,694|
(650) 295-0716 x7177
New solution unifies virtual-mobile-social communication and collaboration for the enterprise
REDWOOD CITY, CA–July 29, 2014 –BroadVision, Inc. (NASDAQ: BVSN), a global pioneer of e-business solutions, today announced the release of Vmoso, a new platform of engagement unifying virtual, mobile and social communication and collaboration for the enterprise, and myVmoso, its companion “freemium” offering for individual and small office/home office (SOHO) users. Both services are now available in the cloud and accessible online via the Web or mobile apps.
Vmoso consolidates the five most essential business communication and collaboration tools—email (long messaging), chat (short messaging), content sharing, workflow, and social networking—into one cohesive platform, deepening engagement and improving communication effectiveness across and beyond the enterprise. This 5-in-1 unification can result in substantial time and cost savings for each user, as it helps to avoid the frustration and duplication of work that occurs when using multiple fragmented tools. Adopting Vmoso holistically, the enterprise stands to accrue great business value—getting more done with fewer resources—as a result of more timely, higher quality, and more collaborative decision making.
“The proliferation of the current Bring Your Own Device and Bring Your Own App (BYOD/BYOA) environment, in conjunction with mobile, cloud-based computing, has brought about both challenges and opportunities for every organization in the world,” said Dr. Pehong Chen, President and CEO of BroadVision. “To excel in this dynamic environment, the enterprise must adopt a more innovative, secure, and affordable communication and collaboration solution, so that its business and people can stay engaged, connected, and organized for anything, with anyone, from anywhere, at any time, and via any device. Vmoso intends to deliver exactly that.”
A number of key innovations make Vmoso unique in the market:
- Universal Sharing across Common Spaces. Vmoso maintains only one physical instance for each object—whether document, task, chat, blog or tweet—per owner. That singular instance is then shared—but never copied—to any intended user or workspace under a common hierarchy of public, corporate, mutual, and personal folders. This eliminates needless duplication, enforces organizational integrity, and ensures superior access control and data privacy.
- Hybrid Cloud Architecture with Enterprise-Class Security. Vmoso supports a federation of global, regional, and local public cloud instances to interoperate with any number of private cloud installations. This unique hybrid architecture offers the small business a very attractive, low-cost solution through the public cloud, while enabling the larger enterprise to safeguard its data behind the firewall on a private cloud. Either way, the same heightened enterprise-class security is deployed across the board.
- Comprehensive APIs for Seamless Integration with External Systems. Vmoso comes fully provisioned with two-way APIs for seamless integration with existing enterprise front-end portals or back-end systems of record, as well as with the increasingly pervasive “Internet of Things (IoTs).” Currently, these systems or things rely heavily on email or instant messaging to deliver their important alerts and notifications, but only on a linear and one-way basis. Vmoso transforms this method into a much more engaging and compelling experience, allowing people to get informed immediately, make decisions collaboratively, and mediate actions directly.
- Smooth Transition from Email to Vmoso. To accommodate today’s deeply entrenched corporate email culture, Vmoso offers an inclusive environment in which all active engagements can be carried out via either Vmoso or any existing email client. Convenient plug-ins are available at both ends to simultaneously populate messages and content flow, facilitating, ultimately, a smooth conversion from to email to Vmoso.
To be among the first to experience myVmoso, individual professional and SOHO users can register at www.Vmoso.com or download its mobile app for free on Google Play for Android devices (coming soon on AppStore for iOS devices).
Organized and customizable Vmoso enterprise pilot programs are also available now. Organizations are encouraged to contact Sales@BroadVision.com for details.
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise, 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, Clearvale, and all their case-sensitive permutations are trademarks or registered trademarks of BroadVision, Inc. in the United States of America and other countries.
VP of Sales and Marketing
BroadVision management hosted the Q2 2014 earnings call on Wednesday, July 30, 2014, at 2:00 PM PDT.