News : CorvisaCloud Secures Funding From Novation Companies Inc.
Milwaukee, WI, Apr 23, 2014 -- Cloud-based communications provider, CorvisaCloud, LLC., announces that it has secured funding from parent company Novation Companies, Inc. (otcqb:NOVC). The additional capital will be devoted to expanding CorvisaCloud's sales, marketing and operational development efforts and potential acquisitions. The funds will also be used to accelerate product development and customer acquisition of CorvisaCloud's CorvisaOne(TM) contact center software products and platform.
"CorvisaCloud is experiencing strong momentum in the cloud contact center arena and as a result, we believe the time is now to take this company to the next level," said Lance Anderson, CEO, Novation Companies. "The additional funds will drive substantial enterprise value while helping propel operations and allowing us to look at potential acquisitions. We look forward to accelerating CorvisaCloud's initial success and building upon its increasing roster of globally recognizable brand name clients."
"This infusion of capital from Novation arrives at the perfect time as we make our mark in the cloud communications space," said CorvisaCloud President Matt Lautz. "Novation clearly recognizes the significant market opportunity and this additional funding is a great vote of confidence in CorvisaCloud's vision, value and future."
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ShoreTel delivers IP telephony solutions to the enterprise. The spark for this solution emerged out of frustration. While purchasing a phone system at a previous venture, ShoreTel''''s co-founders were confounded by products short on features and long on complexity. So they created a better solution.
About Novation Companies:
Novation Companies, Inc. owns and operates early-stage businesses in the technology-enabled services industry. Novation currently owns majority interests in StreetLinks LLC, Advent Financial Services LLC and Mango Moving LLC. It trades on the Pink Sheets under the symbol NOVC.
Published: Thursday, April 24, 2014