Daegis Inc. Announces Expansion of Strategy to Deliver Product Offerings to Meet Customer Needs Across the Enterprise
Daegis Inc. (NASDAQ:DAEG) , a global information governance, migration solutions and development tools company, today announced a broader strategy to align sales and marketing across its entire product portfolio. The Company will move from selling products through business divisions to a holistic approach by product line featuring information governance, migration and development tool solutions.
Cloud, mobility, analytics and migration are enterprise imperatives where companies are looking for single source, seamless and comprehensive product solutions. In order to best align to meet this need, Daegis will market and sell all products and services in a corporate portfolio of Information Governance with archive and eDiscovery products, migration toolsets, and mobile development and data management software. Technical support and client services will continue to be delivered in their current fashion to ensure a consistent, high level of customer satisfaction.
In combination with a direct sales strategy across the solution portfolio, Daegis will be deeply focused on executing its regional and global channel strategy. Significant technological advancements were made over the past year to productize key offerings in order for partners to easily sell, install and support.
“We’re continuing our top line growth strategy with this move to sell a combined product portfolio,” said Tim Bacci, CEO of Daegis. “We are focused on making it easier for corporate buyers and the channel of value added resellers and system integrators both domestically and internationally to understand our company, our brands and our products. As we talk to prospective customers about archiving and eDiscovery for example, we are learning there may also be a directive to move away from Lotus Notes or earlier versions of Oracle Forms, migrate email platforms or create mobile applications. With our comprehensive portfolio, we are ideally positioned to sell directly and partner with solution providers in order to achieve our revenue milestones.”
As Daegis advances this plan of a broadened enterprise portfolio focused on both direct and channel sales strategy, the role of a Division President is no longer necessary. Accordingly, Deborah Jillson has resigned effective September 19, 2014 and will be consulting with the Company through October 17, 2014 to ensure a smooth transition. “Deborah is a highly regarded business executive and her archive, information governance, legal and eDiscovery acumen were instrumental as we transformed our business during the last two and a half years. I wish her all the best in her future endeavors,” Bacci commented.
Daegis further announced that Mr. Bacci has reached an agreement with the Board of Directors to accept the positions of President & Chief Executive Officer as an employee of the Company. Mr. Bacci was appointed Interim CEO in January 2013 and his current consulting arrangement will be replaced with an executive employment agreement.
“In corporations there is typically a need to manage, govern and mobilize massive data sets as business requirements evolve that is larger than any single software point solution can offer,” added Bacci. “I am confident in our readiness and focus on a broad portfolio direct sales approach that, combined with the execution of our channel strategy, solidly positions us to take advantage of this opportunity. Our search for a proven sales executive with expertise in enterprise software both directly and via the channel is underway.”
Investor Conference Call
Management will host a short conference call September 23, 2014, at 4:00 p.m. CT (5:00 p.m. ET) to discuss today’s announcement. The call can be accessed by dialing 888-364-3108 or 719-325-2281 for international callers. Additionally, the conference call will be webcast on the Daegis website at www.daegis.com. A replay of the call will be available through October 3, 2014 by dialing 888-203-1112 or 719-457-0820 for international callers and using the following passcode: 8187701.
About Daegis Inc.
Daegis Inc. (NASDAQ:DAEG) is a global enterprise software and services company with comprehensive product offerings for information governance, migration and application development. Our products include leading-edge information archive and eDiscovery, technology assisted review, mobile application development, application migration and data management software. Daegis also offers specialized services including analytics consulting, project management, managed document review and professional services and support. Approximately 20% of Fortune 100 companies use our software. We are headquartered in Irving, Texas with offices in Rutherford, New Jersey and Roseville, California as well as in Australia, Canada, France, Germany and the UK.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. When the words “believes,” “expects,” “plans,” “projects,” “estimates” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on management’s current beliefs and assumptions and information currently available to management and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Examples of forward-looking statements in the press release include the statements made by Mr. Bacci. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market and economic conditions, our ability to execute our business strategy and integrate acquired businesses, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a fiscal year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that the Company is currently dependent on a few large client relationships, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, the possibility of the discontinuation of some client relationships, the financial condition of our clients’ business and other factors detailed in the Company’s filings with the Securities and Exchange Commission.
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