VANCOUVER, BC–(Marketwired – November 09, 2016) – Apivio Systems Inc. (“Apivio” or the “Company”) (TSX VENTURE: APV), a leading provider of VoIP solutions, today announced the Company will be demonstrating some of its newest VoIP phones in Booth 2 at BroadSoft Connections 2016: Let’s Change the Game, the much anticipated annual global users’ conference for the advancement of unified communications. Apivio is a Solution Showcase level sponsor for the event, which will take place at the JW Marriott San Antonio Hill Country Resort and Spa from November 13 to 15, 2016.
Building on the recent successful completion of interoperability testing with BroadSoft for two of its phones, Apivio is set to demonstrate the performance, scalability and mobility of its two flagship products, the Monet UT880 Android Desktop Phone and the Liberty L2 Wi-Fi VoIP Phone. Apivio is poised to diversify its market and sell its best-in-class Android desktop phone and Wi-Fi VoIP phones to BroadSoft’s telecom service provider customers, resellers and integrators, opening up a large new sales channel for Apivio’s products and services.
“BroadSoft Connections is an ideal event to showcase Apivio’s technology to partners globally and demonstrate how we can help to create new growth opportunities for their operations,” stated Rob Bakshi, President and CEO for Apivio Systems, Inc. “The recent Monet UT880 and Liberty L2 phones achieving BroadSoft Certification serves to reinforce of our strategy to diversify and extend our VoIP products and cloud-based solutions to markets across North America and beyond.”
As the leading provider of cloud-based unified communications (“UC”) telephony solutions, BroadSoft has deployed more than 15 million hosted UC lines with more than 600 service provider customers (including 25 of the top 30 by revenue) across 80 countries. Approximately 20% of new global UC line installations today are cloud-based and are growing rapidly as a share of total new lines, with the number of companies using cloud-based UC lines expected to increase nearly six-fold to 41% by 2020 from just 7% today. With a dominant 41% market share in the cloud-based PBX/UC sector according to Frost and Sullivan, BroadSoft opens up a large new channel for Apivio to market its products, with the Company now approaching telecom operators and other channel partners that either sell or deploy BroadSoft-compliant equipment.
Originally developed for NEC of America, the Monet Series UT880 is an Android-based smart desk phone featuring a brilliant high resolution screen with amazing video quality, a full suite of advanced telephony features, and rich video applications with advanced networking technology, all of which combine to deliver a stunning user experience. Designed to drive teamwork, performance and overall return on investment, UT880 users can download and run Android-based enterprise specific apps from NEC’s Marketplace App Store, a unique offering in enterprise telephony.
The Apivio engineered Liberty L2 Wi-Fi VoIP phone is designed to offer enterprise workers full mobility across large offices, facilities and campuses. The phone offers seamless authentication within an enterprise Wi-Fi network and offers workers the ability to carry their phones from their desk and walk around the office making or receiving calls. The Liberty L2 also has residential consumer market opportunities as well.
About Apivio Systems
Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please visit www.apivio.com.
This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About BroadSoft
BroadSoft is the technology innovator in cloud communication, collaboration, and contact center solutions for businesses and service providers across 80 countries. We are the market share leader for cloud unified communications with an open, mobile and secure platform trusted by 25 of the world’s top 30 Service Providers by revenue. BroadSoft Business empowers users and teams to share ideas and work simply to achieve breakthrough performance.
For additional information, visit www.BroadSoft.com.
For further information, please contact
Rob Bakshi
President and Chief Executive Officer
Apivio Systems Inc.
604-343-4200
rbakshi@apivio.com
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com