Sonasoft’s (SSFT) eDiscovery Partner, Cornerston
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SAN JOSE, CA, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Sonasoft Corp. (OTCPK: SSFT), a leader in providing innovative eDiscovery and email archiving solutions, announces that The Golden Gate Bridge Highway and Transportation District awarded Cornerstone Technologies, the Company’s eDiscovery services partner and new subsidiary, a five-year managed services contract to assist the municipality with the rapid response to its public records requests. The agreement is worth $260,000 over five years.
This municipality awarded the five-year service contract to Cornerstone Technologies for its consistent and proven track record in providing litigation support and managed eDiscovery services to many major technology, healthcare, municipalities, and financial institutions. Cornerstone Technologies’ support contract includes running searches, identifying key content from multiple data sources, preserving data, expiring irrelevant content, as well as, quickly producing the needed data to resolve public, legal, and other time-sensitive requests that are mandated upon the municipality.
In 2004 and 2014, respectively, California voters approved Propositions 59 and 42 to amend the state constitution to include the public’s right to access public records in a timely manner. The California Public Records Act (CPRA), which is similar to the Freedom of Information Act (FOIA) but emphasizes the inherent right for people to access the information as written in the California Constitution. According to the CPRA, a ten-day response time with a maximum 14-day extension may be made for producing information. In no way may the extension be used to delay or obstruct the collection of data. Therefore, the public sector is legally obliged to respond to its citizens. It is the constitutional law to produce these documents within these stringent time constraints. There is no higher appeal. Cornerstone Technologies along with parent company Sonasoft, will provide the technology services and expertise to ensure major clients such as The Golden Gate Bridge Highway and Transportation District remain compliant with the stringent requirements under the CPRA and FOIA.
The competitive advantage to Cornerstone Technologies’ managed eDiscovery services include:
Highly skilled search experts that are leveraged for legal production; this frees up the client’s employee resources who might not be proficient in conducting legal searches
Dedicated litigation support to track and meet all time requirements and deadlines
Ability to search and produce relevant data across platforms to satisfy an eDiscovery litigation or public records requests
“Once again, our amazing team has earned the opportunity to serve a major client because of our reputation and performance with others,” said Eugene Alfaro, Cornerstone Technologies CTO and VP of Engineering. “The dedication and contribution of each team member to successfully meet and exceed our clients’ needs yield great returns. Although investors pay close attention to our large consulting engagements like this one, every managed service contract matters. These organizations trust Cornerstone Technologies to look after its data and immediately produce only the relevant data when required. We give our clients the peace of mind knowing that they will be serviced and supported in the most professional way possible. I am glad that Cornerstone Technologies, in partnership with Sonasoft, can continue to earn these organizations’ trust and business.”
Cornerstone Technologies has migrated over 250,000 users and billions of messages into platforms such as Microsoft 365 for many large enterprise clients over the past 7 years. Once Sonasoft’s email archiving, eDiscovery, and AI product offerings are fully integrated, the combined Company intends to be a one-stop shop to capture a significant portion of the eDiscovery services and technology markets.
Sonasoft signed the definitive agreement to acquire Cornerstone Technologies on May 1, 2018. Both companies are currently undergoing an independent audit prior to finalizing the acquisition. Once completed, Sonasoft intends to up-list to OTCQB and become a fully reporting company. These initiatives are expected to be completed in the coming weeks. Shareholders can expect service contracts from clients of this caliber on a consistent basis moving forward as Cornerstone Technologies is fully integrated into Sonasoft.
Further announcements from the Company can be expected in the coming weeks as corporate and technology-specific initiatives continue to develop and finalize.
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