25 Jan 2017 07:00
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
25 January 2017
Delivers Additional Revenue Stream Via the Launch of BOS Automate Software Solution
BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), the software company focused on creating enterprise productivity solutions for the global workforce market, is delighted to announce the launch of BOS Automate, a standalone software product that provides businesses with a transformational cloud based document management framework which promotes the efficient processing, integration, storage and use of data in any size organisation.
The product, which is competing against products including Documentum, owned by Open Text, and TRIM, owned by Hewlett Packard, is highly competitive in its pricing model, being substantially lower than that of its competitors, despite its cloud-based functionality being very similar. BOS Automate is a fully automated platform focused on document management, work load analysis and knowledge transfer. This BOS-branded turnkey solution was developed by Ag-I Solutions Limited ('Ag-I Solutions'), the Company's development partner. It will provide additional revenue streams for the Company beyond the existing recently announced BOS Meet product. Importantly BOS has first rights to acquire the underlying Intellectual Property ('IP') of Ag-I's products and 100% ownership of BOS Automate enhancements (see announcement dated 21 November 2016).
BOS Automate will also be integrated into the BOS360 Work Patterns platform, which is on track to be launched in May 2017. The BOS360 Work Patterns platform is focused on providing businesses with a complete suite of software which work together to enable businesses to digitally capture individual, team and organisation's work patterns. Data from the platform can be harvested and used to create a plan to increase productivity, leading to greater profitability, equity and work place harmony.
The Company is focused on signing strategic distribution partners in its initial target markets of Australia, the United Kingdom and North America, as well as building up its internal capabilities to attract new clients. By delivering BOS Automate to market ahead of launching the BOS360 Work Patterns platform, the Company is positioned to secure relationships of this kind as well as a customer pipeline which can be leveraged on launch on BOS360 Work Patterns. In terms of sectors it is targeting, the Board is focused on rolling out BOS Automate to government bodies, which are increasingly focused on driving efficiency and costs, the financial services industry and the expansive growth business arenas.
BOS Managing Director Michael Travia said, "This product has the ability to cost effectively transform the organisational performance of governmental bodies and businesses. There is a rapidly growing market for document management systems as highlighted by the products on the market today. However, we believe our cloud base product is a superior offering especially due to its compatibility with third party applications, its integration and fit with BOS360 and our international patent applications that hopefully places BOS well ahead of some of the world's biggest global software and consulting companies.
"Our ability to launch the product rapidly validates our agreement with AG-I solutions, which we chose to be our development partner given that their products fit with our vision to become the go-to provider of software solutions which drive efficiency in the workplace.
"These are exciting times for BOS as we continue to aggressively build the business. This product launch allows us to advance discussions with international strategic partners, which will play a critical role in driving future sales initially targeted in the US, Australia and the UK. We are also working hard on our sales strategy, team and the BOS360 Work Patterns product launch and with this in mind it is clear that there is a lot more to come for BOS shareholders in the short term."
View BOS Automate at www.bos-360.com/bosautomate including information for global and regional resellers worldwide.
**ENDS**
For further information please visit www.bosglobal.com or contact:
Michael Travia Managing Director | BOS GLOBAL Holdings Limited | Tel: +61 (0) 8 9322 4071 E: shareholder@bosglobal.com |
Charles Goodfellow / Lucy Williams Broker | Peterhouse Corporate Finance Limited | Tel: +44 (0) 20 7220 9791 |
Elisabeth Cowell / Charlotte Page Financial PR | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
About BOS GLOBAL:
BOS GLOBAL is a software company focused on creating enterprise productivity solutions for the global workforce market. It does this through a blend of business process automation, intelligence gathering and advanced analytics to drive efficient business practices and workplace engagement.
The Company is currently developing the BOS360 Work Patterns Platform based upon its existing and international patent pending research and development, and to provide businesses with a comprehensive platform through which they can capture, manage and measure efficiency in real time at the individual, team and organisational level.