Hotify AI: Sonasoft (SSFT) Completes Acquisition of Artificial Intelligence (AI) Company, Hotify, Inc.

SAN JOSE, CA, April 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Sonasoft Corp. (OTCQB:SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions is pleased to announce that it has completed the acquisition of Hotify, Inc. and all its related interests, assets, and intellectual property. Hotify's accounting books have been audited, and Sonasoft's Board has approved the acquisition. The completion of these objectives finalized the acquisition that now makes Hotify, Inc. a Sonasoft company."This acquisition is pivotal to Sonasoft's future," said Frank Velasquez, CEO of Sonasoft. "Hotify's IP offers real intelligence. For enterprise clients who seek to quickly transform their raw data into new insights and solutions, Hotify's cloud-based artificial intelligence (AI) platform, NuGene, offers immediate value. Sonasoft will not only integrate Hotify's AI technology into its solutions but will also obtain revenue from AI related services and OEM (original equipment manufacturers) relationships. Sonasoft now can deliver AI solutions for customer support departments to reduce their per-incident costs through deflection. Our artificial intelligence also can maximize lead development that is contained within CRM platforms.""Our AI platform, NuGene can offer a quick and flexible way to obtain new insights and solutions from a variety of data points for almost any application through its API (application programming interface) capabilities," continued Frank Velasquez. "This means that we can connect to a variety of data points from almost any application. Hotify's AI IP fills a void in the market, which we will leverage to maximize our expansion into enterprise accounts and vertical systems integrators. This will allow us to excel in this high growth market."The Company is working on multiple AI solutions for finance, IOT, retail, eDiscovery, manufacturing, the automotive industry, and more."This acquisition has allowed us to open new doors," said Ankur Dinesh Garg, CEO of Hotify. "We have been busy introducing our AI platform, NuGene, to some of the biggest tech leaders in the industry. These companies are household names with billions of dollars in revenue. They have been amazed at how our AI platform can take complex data from multiple sources and quickly deliver new insights and answers. A typical response from these companies is, 'This is exactly what we have been looking for!' After the first meeting, these companies quickly ...Full story available on Benzinga.com