Tag: 2015

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

NTT Adopts Vmoso for Communication Efficiency

REDWOOD CITY, Calif., July 7, 2015 — BroadVision, Inc. (Nasdaq:BVSN), a leading provider of business collaboration and engagement solutions, today announced an extension with NTT Communications Corporation (NTT Com), a wholly owned subsidiary of NTT Group, to integrate Vmoso across its enterprise. Vmoso will engage NTT employees to reach coworkers individually or in groups throughout the organization. NTT employees now have access to enhanced collaborative tools anywhere at any time and on whatever device they choose.

Vmoso offers a secure environment allowing NTT to transfer and share project activities, documents, and other important information safely throughout their organization’s knowledge base. Chat also allows administrators to control access preferences, user roles and permissions, keeping data private and secure. NTT’s adoption of Vmoso’s rich set of business features delivers the communication and collaboration capabilities that enterprise users demand. Vmoso chat incorporates these needs while being equipped with enterprise-grade security, allowing businesses to consolidate their work, improve productivity and connect from anywhere for seamless mobility on a reliable platform.

Today’s workforce requires a mobile-centric solution in order to hold secure discussions and share files to provide context to their work in a group work space. Vmoso includes five workplace activities in one platform – email, instant messaging, content sharing, workflow and social networking – to enhance the way teams work and collaborate. This addition of Vmoso chat to NTT solidifies the partnership between the two companies and will continue to grow.

“With more than 100,000 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.”

About NTT Communications Corporation

NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including leading global tier-1 IP network, Arcstar Universal One™ VPN network reaching 196 countries/regions, and over 150 secure data centers.

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. Visit www.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.

BroadVision Contact: Ty J. Levine, VP of Marketing
and Business Development, Americas, BroadVision, Inc.
408.390.6866

BroadVision Identified as Key Player in Enterprise Portal Market for 2015 by Market Research Reports

A June 2015 report on emerging enterprise collaboration technology highlighted BroadVision as a key player in the enterprise portal and solution space. Researchers noted that BroadVision’s products appeal to consumers for their ease of use across all platforms and offers “…new ideas, designs, services, solution and components to the market.”

MarketResearchReports.com