Apivio Announces New Recurring Revenue Model

Apivio Systems (TSXVENTURE:APV) reported that Sora Telecom is its first customer to adopt the Company’s cloud-based Internet protocol device management service.
As quoted in the press release:

“This is an exciting milestone for Apivio,” stated Rob Bakshi, President and CEO of Apivio Systems. “Three years ago, we formulated a three-prong strategy to disrupt the VoIP market: 1) develop enterprise desk phones to do more than voice calls (Monet Series); 2) deliver superior Wi-Fi mobility (Liberty Series); and 3) develop an intelligent software service to easily deploy and manage these devices (CLive). With Android and Wi-Fi platforms already in the market, the upcoming launch of CLive with Sora Telecom introduces the third prong of this strategy,” continued Mr. Bakshi.

Click here for the full press release.