The beta version of the software that was develope
Post# of 248
Posted On: 02/02/2016 9:56:35 AM
The beta version of the software that was developed by the Channel partner of the OEM is call Beta 1, that Beta 1 version of the software was completed and successfully demonstrated. The actual field beta test of the software in a real world application is ongoing. They started installations in November of Beta 1 version and were continuing installations through the balance of the 4th qtr. Once the beta version has been successfully field tested to the satisfaction of the OEM it may result in a revenue contract or even the possibility of a buyout.
It would have been nice if Bruce had indicated the length of time it will be in testing and the number of end points that will be tested, but I believe it is fair to assume that the testing will last until the end of the first qtr. Thus the rollout globally in the 2nd qtr. if there is a successful beta test.
No one in there right mind installs a new cyber security software without first beta testing it in a real world field application to assure the software does exactly what VLDI says it does..
Only when the product has been proven to do what they say it does will it begin to be rolled out in a commercial application that produces real revenue.
This company has gone through a few dozen beta test throughout the years on various versions of the software in the legal , healthcare, government, banking and other market segments, and not one single client was interested enough so far the sign up to put the product in revenue service on any version thus far. . Granted this is the lastest version 3.1 is focus on Mobile and it is being beta tested in the field by a Mobile OEM and hopefully it will different from the other versions but that still remains to be seen.
Global launch will only happen if there is a successful beta test to the satisfaction of the OEM. If that happens then the fireworks will begin. Until that time it is the same old story of a great software better than anything out there, yet no one willing so far to commit to use it in a revenue producing application. JMO
It would have been nice if Bruce had indicated the length of time it will be in testing and the number of end points that will be tested, but I believe it is fair to assume that the testing will last until the end of the first qtr. Thus the rollout globally in the 2nd qtr. if there is a successful beta test.
No one in there right mind installs a new cyber security software without first beta testing it in a real world field application to assure the software does exactly what VLDI says it does..
Only when the product has been proven to do what they say it does will it begin to be rolled out in a commercial application that produces real revenue.
This company has gone through a few dozen beta test throughout the years on various versions of the software in the legal , healthcare, government, banking and other market segments, and not one single client was interested enough so far the sign up to put the product in revenue service on any version thus far. . Granted this is the lastest version 3.1 is focus on Mobile and it is being beta tested in the field by a Mobile OEM and hopefully it will different from the other versions but that still remains to be seen.
Global launch will only happen if there is a successful beta test to the satisfaction of the OEM. If that happens then the fireworks will begin. Until that time it is the same old story of a great software better than anything out there, yet no one willing so far to commit to use it in a revenue producing application. JMO
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(0)Validian Corporation (VLDI) Stock Research Links
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