Apivio launches recurring revenue model

Apivio Systems Inc. (TSX VENTURE: APV), a provider of VoIP solutions, has announced Sora Telecom as its first customer to adopt the company´s cloud-based Internet protocol (“IP”) device management service (“CLive”), the company said.

Developed under the guidance of NEC Corporation of America (“NECAM”), Sora Telecom will soft-launch its hosted VoIP phone service in the coming weeks with the NEC UT880S Android desk phone developed by Apivio, along with Apivio´s Liberty L2 Wi-Fi phone, and Dexter D1 desk phone.

CLive is an industry leading cloud initiative by which Sora Telecom will provide its end-users advanced functionality such as automatic phone provisioning, firmware upgrades, status reporting and push messaging to Apivio´s phones running on its network. CLive will also be used to manage, lock or unlock Apivio´s phones that are sold with the service.

Expected to launch in the near future, Sora Telecom is developing calling packages to sell with Apivio´s IP phones initially through online sales, and later expand its offerings and availability with NECAM. CLive will be bundled with each device and will generate revenue for Apivio through a recurring SaaS-based revenue model.

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.