Viyya Xandros Agreement Projects $30 Million Revenue Stream
SOURCE:
Viyya Technologies
2008-08-07 09:52:00
Viyya Xandros Agreement Projects $30 Million Revenue Stream
Viyya Xandros Agreement Projects $30 Million Revenue Stream
Viyya Embedded on Worldwide Linux Platform
FAIRFIELD, NJ–(EMWNews – August 7, 2008) – Viyya Technologies, Inc. (
the developer and marketer of the world’s most advanced, web-based content
management application, announced today its expectations in revenue
production as the Strategic Licensing Agreement with Xandros, Inc. embeds
the Viyya technology in next-generation Linux desktop and server products,
Mobile Internet Devices (MID), and advanced cross-platform Windows-Linux
management tools.
With this contract, Viyya and Xandros enhance their abilities to meet the
needs of the growing number of Linux desktop and mobile users of the world
class Original Equipment Manufacturers (OEMs) that represent the reseller
and partner programs of Xandros.
The Strategic Licensing Agreement provides a means for the companies to
mutually benefit from the recurring revenue stream generated by embedding
the Viyya product into the Xandros product lines. The companies will work
together with Xandros OEMs to ensure that there is a cohesive strategy
pertaining to marketing, technical, and user support requirements.
Both companies believe there is a tremendous market opportunity in that the
size of the Linux NetBook market alone will exceed hundreds of millions of
users. Embedding the Viyya product with the Xandros products creates a one
time immediate license component, and a recurring revenue vehicle of $1.99
to $9.95 per month per user depending on the software version purchased by
the end user, each will be shared by both companies.
According to John Bay, Viyya CEO, “We’ve worked with the management of
Xandros to develop revenue projections based on their delivery forecasts
for the next three years and based upon these conservative figures,
combined license and recurring revenues stemming from this contract will
surpass $60 million over the period.”
Additionally, based upon the strong synergy that each company believes
exists in this relationship, the Strategic Licensing Agreement allows for
productive future combined efforts to take advantage of the Viyya
technology’s capability to manage the “content and convergence” that will
be required as availability of information continues to explode in the
marketplace.
For our company and our shareholders, Bay continued, “We’re expecting to
generate revenue from this opportunity during the fourth quarter of 2008
and to use this period as our platform for achieving revenues from this
relationship with Xandros of $4.9 million in 2009, $10.6 million in 2010
and $14.7 million in 2011.”
Viyya management will release additional information regarding this
agreement over the coming weeks such as product releases, implementation
and distribution to partners and other pertinent items.
About Viyya Technologies
Viyya Technologies (
world’s most advanced, web-based information management application. The
company’s core technology manages disparate information from the Internet,
corporate intranets, databases, newsgroups, email, and third-party feeds by
enabling users to customize the way they collect, process, distribute and
store data. VIYYA™ gives users the ability to retrieve filtered content
from many sources, determine the relevancy of the information, and have the
information processed into notifications, daily reminders, newspapers, or
archived for future use. For additional company information, please visit
Legal Notice: “Forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995 may be included in this release.
These statements relate to future events or financial performance; are
based on current expectations/projections about Viyya and its industry; and
may differ materially from actual future results or events. Such words as
“expects,” “believes,” and “anticipates” are intended to identify these
statements. Viyya disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information, future
developments or otherwise.
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