Marketcircle offers the solutions that small companies need to become the best. Daylite and BillingsPro are two software application that they offer which will help a small company rise to the top. As both top business software, and the best small business accounting software, these programs offer features that will meet the needs of any small company.
When entrepreneurs or business owners make software decisions, it is crucial they find software that will meet all of their small business needs. Small businesses often work as a team. Therefore, they need software that will constantly allow them to be in contact. Daylite allows constant communication, and team members are updated to important meetings, tasks, or conference calls. These features make it a top business software.
In addition to its line of top business software, BillingsPro is also available. It is one of the best small business accounting software available on the market. It also aims to meet the needs of entrepreneurs or business owners. Accounting software for small businesses should quickly and efficiently manage and update invoices. It should be able to record payments that customers have made, as well as payments that customers owe. Accounting software can be crucial for proper accounting records. Because small businesses may not have the financial status to yet hire an accountant specifically to handle financial matters, accounting software can be crucial.
By offering products that can meet the specific needs of clientele, Marketcircle is able to give small businesses with the software they need to thrive. Every decision that a small business makes can be the crucial turning point to either success or failure. In today’s competitive world of business, there are many internal and external factors that affect a business. Large corporations have the advantage of globalization and advanced technology. Using the right software can give a small company a competitive edge, to compete with these larger corporations.
Business and accounting software are investments, which can greatly help with the success of a small business. To have a chance in competing with larger corporations, small businesses sometimes need help. Because communication and correct financial reporting are such important tools, having software to aid the company will help small companies become successful. Purchasing the right software to fulfill the needs of a small company can help it thrive.
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Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300 million earnout will be paid in cash and stock if Oculus hits certain unspecified milestones.
“I’m excited to announce that we’ve agreed to acquire Oculus VR, the leader in virtual reality technology,” said Facebook CEO Mark Zuckerberg in a statement today.
Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.
This is where Oculus comes in. They build virtual reality technology, like the Oculus Rift headset. When you put it on, you enter a completely immersive computer-generated environment, like a game or a movie scene or a place far away. The incredible thing about the technology is that you feel like you’re actually present in another place with other people. People who try it say it’s different from anything they’ve ever experienced in their lives.
Zuckerberg says that their efforts with Oculus will continue to focus on gaming initially, and that the company will continue to operate independently of Facebook. But after gaming, Zuckerberg says, they’re going to expand into a variety of other arenas.
“After games, we’re going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home,” he says. “This is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures.”
At first glance, it might not seem obvious why Oculus is partnering with Facebook, a company focused on connecting people, investing in internet access for the world and pushing an open computing platform. But when you consider it more carefully, we’re culturally aligned with a focus on innovating and hiring the best and brightest; we believe communication drives new platforms; we want to contribute to a more open, connected world; and we both see virtual reality as the next step.
Most important, Facebook understands the potential for VR. Mark and his team share our vision for virtual reality’s potential to transform the way we learn, share, play, and communicate. Facebook is a company that believes that anything is possible with the right group of people, and we couldn’t agree more.
Facebook, of course, found early success with games. Social gaming is responsible for a lot of the growth and spread of Facebook as a platform, rather than just a social service. Acquiring Oculus could signal a variety of things, but being able to tap into what is potentially the next big gaming trend is likely one of them. In addition, Facebook has been aggressive about understanding and supporting mobile use cases — but only after an initial period of foot-dragging and desktop focus. If VR is “what’s next” then Facebook will want to tap the market early to avoid any transitional gaffes this time around.
The purchase is expected to close in Q2 of 2014. Oculus has taken over 75K orders for its virtual reality headset so far. Those headsets have been developer editions designed to get developers interested in playing around with VR technology. The most recent “Crystal Cove” prototype features a full 1080p display and more sensors to detect and position users in virtual environments.
Of course, if you pull the thread of virtual reality out really really far, you could see a future where we’re not talking about the percentage of time people spend on mobile vs. desktop. Instead, we’re talking about the amount of time that people spend in virtual reality versus actual reality. In that kind of landscape, Facebook starting in on VR early makes painfully obvious sense.
The company has received a total of $93.4 million in funding so far from Spark, Matrix, Founders Fund, Formation 8, BIG Ventures and Andreessen Horowitz. Oculus got a big boost in legitimacy recently when one of the founding fathers of 3D gaming, John Carmack, left id Software to become its CTO.
“Over the next 10 years, virtual reality will become ubiquitous, affordable, and transformative,” concludes the Oculus post, “and it begins with a truly next-generation gaming experience. This partnership ensures that the Oculus platform is coming, and that it’s going to change gaming forever.”
Last week, Nuvyyo, a pioneer in revolutionizing the home media experience previewed a new product that offers cord-cutters a better way to access free Over-The-Air (OTA) high-definition TV content. The new product, called Tablo is the first solution designed to combine the functionality of a DVR with the convenience and mobility of a tablet-based app to browse, record and stream broadcast TV content to any device, anytime, anywhere. Additionally, Nuvyyo has launched an Indiegogo campaign for Tablo to engage TV-lovers and early technology adopters as supporters and beta testers prior to the product’s retail availability in early 2014.
Enhanced Free HDTV Viewing
Replacing the need for a traditional DVR, Tablo takes free OTA HDTV to a new level through its visually rich, interactive tablet app. Consumers can easily and remotely schedule and view recordings in Tablo’s comprehensive guide that allows browsing by genre, channel or time. The Tablo app works on iPad and Android tablets, with playback and live TV available for iPhone and Android smartphones, PCs and Macs, and on TV screens via Apple TV, Roku, or Google Chromecast.
“We are transforming today’s home media experience by delivering a better way to enjoy network and local programming in gorgeous HD, anywhere you happen to be,” said Grant Hall, CEO of Nuvyyo. “For TV lovers, Tablo takes away the fear of “cord-cutting” by perfecting the user experience with our tablet app and delivering the DVR functionality everyone knows and loves.”
Crowdfunding for Early Adopter Seeding
Nuvyyo’s Indiegogo project (http://www.indiegogo.com/projects/tablo-dvr-enjoy-free-hdtv-on-any-device-anytime-anywhere) is focused primarily on gathering product feedback from TV lovers and early technology adopters and soliciting beta testers in key geographic markets. Indiegogo supporters at various pledge levels can gain access to beta versions of Tablo ahead of the general public and influence key product feature and design choices. Pledges raised during the Indiegogo project will be used to fund initial production runs of the hardware so that the $4 million in venture backing Nuvyyo received earlier this year from Celtic House Venture Partners – a leading investor in technology and innovation – can be earmarked for sales and marketing support of the general product launch in the U.S. and Canadian markets.
“The TV industry is in an exciting period of innovation with a diversity of new services and business models. Internet-based video is taking off and free OTA HDTV, with better quality than satellite or cable, is now widely available,” said Celtic House partner Brian Antonen. “We believe Nuvyyo has the right mix of technology and expertise to address these trends with a solution that adds free broadcast TV to the internet video experience so that live and recorded HDTV can be enjoyed on mobile devices as well as the traditional big screen TV.”
Converging Market Dynamics
Tablo targets the growing trend in “cord-cutting” that enables consumers to save thousands of dollars by eliminating cable or satellite TV and replacing it with free OTA HDTV and internet video from companies such as Netflix and Hulu. With an average pay TV bill of $85 a month, consumers enjoying free broadcast programming using Tablo will save over $2,000 in just two years. Another market shift positioning Tablo for success is the tremendous popularity of tablet computing with an estimated 44 percent of U.S. households already owning at least one*.
Nuvyyo, based in Ottawa, Canada, was founded in 2010 with the vision of reinventing the home media experience in the post PC era for consumers in the U.S. and Canada. Building on its first mobile media streaming system, the company is preparing to launch the only broadcast TV system designed around the mobility and convenience of a tablet, making it easy to browse watch and record free over-the-air (OTA) TV anywhere, anytime, on any device. Nuvyyo will launch Tablo in early 2014. For more information, visit www.tablotv.com .
About Celtic House Venture Partners
Celtic House Venture Partners is an independent Canadian investment firm. Since 1994, Celtic House has been one of Canada’s most active investors in technology and innovation. For more information, visit www.celtic-house.com.
Market testing as many entrepreneurs know is an important step in helping decide whether a project or idea will take off. Passion and faith in your idea is important but without market testing, you may not have enough to create a popular product.
What is market testing?
Market testing is a method of conducting research for businesses. It tests various versions of an idea, project, or product on the market to find the one most worth pursuing. The market can be targeted, focusing specifically on an audience of potential users, or it can be general, using a broad and diverse population.
Effective market testing tools
Victoria, BC-based startup company Nimble Robot has developed an online service called CrowdPicker. CrowdPicker allows users to test the market quickly and easily and receive feedback on their project to make informed decisions about further development. Entreprenuers can ask questions about which logo design connects better with potential users what company name is more effective, which tagline sounds better, which web page layout looks easier to navigate, and more. Test questions can be launched within 5 minutes of signing up and answers should start rolling in. Questions are completed within a day of launch. Users are able to pick the size of their market as well. Results are displayed in easy-to-understand graphs. As an added bonus, the service offers new user their first 25-picker test question for free.
Market tests are conducted in a number of ways with surveys being a popular choice for potential users. This provides companies with the feedback they need on particular aspects of their product or idea. Businesses also can hire marketing firms to conduct research for them with firms using panels of respondents and focus groups to conduct a range of tests. These methods aren’t as accessible to startups or small businesses however.
Why test the market?
The main benefit of market testing is being able to get feedback on a project before investing a lot of time, effort, and money into it. As a founder it’s hard to be objective so testing an idea on a neutral market will decrease risks. Such a market will give you unbiased feedback on your idea to help you determine whether or not it is viable and will succeed.
OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that it has been positioned as a leader in Gartner’s 2013 Magic Quadrant for Enterprise Content Management1 report. Following on other recent reports by Radicati2 and Forrester Research3, OpenText believes this validates the company’s continued influence and commitment to the market as one of the most innovative providers of ECM solutions.
Compiling a comprehensive overview of strengths and cautions, Gartner’s Magic Quadrant for ECM evaluates providers on “completeness of vision” and “ability to execute,” placing vendors in one of four quadrants: “challengers,” “leaders,” “niche players,” and “visionaries.” According to Gartner, Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They are doing well and are prepared for the future with a clearly articulated vision. In the context of ECM, they have strong channel partners, presence in multiple regions, consistent financial performance, broad platform support and good customer support. They are very strong in one or more technologies or vertical markets. They deliver a suite that addresses market demand for direct delivery of the majority of core components, although these are not necessarily owned by them, tightly integrated, unique or best-of-breed in each area.
According to the Gartner report, there are many core components of an ECM suite, however it is social content that has been described as “the fastest-growing category of new content in the enterprise.” OpenText Tempo Social and Cloud offerings help enhance social collaboration and provide secure enterprise file sync and sharing capabilities.
“With today’s market focused on business and transactional content technologies, strategic CIOs are demanding agile, enterprise information management solutions that increase employee productivity and flexibility in the workplace, while providing measurable ROI,”said Kevin Cochrane, OpenText Chief Marketing Officer. “OpenText ECM software unites capture, document management, records management, workflow, archiving, search and eDiscovery to meet these demands, while maximizing business insight and efficiency. As the ECM market continues to evolve and expand, we are excited to see Gartner and other leading industry analysts continue to validate our strengths in this space.”
Download the Gartner Magic Quadrant for ECM report
A complimentary copy of Gartner’s 2013 Magic Quadrant for Enterprise Content Management report by Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, and Hanns Koehler-Kruener can be downloaded here: www.opentext.com/gartner-ecm
3Forrester Research, Inc., “The Forrester Wave™: Enterprise Content Management, Q3 2013,” Alan Weintraub, Craig Le Clair, and Cheryl McKinnon with Leslie Owens and Emily Jedinak, September 2013.
OpenText provides Enterprise Information Management software that helps companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Visioneer, Inc., a leader in scanner and document management solutions, today announced the Visioneer RoadWarrior™ 3, a complete document scanning solution for people on the go. After polling customers, Visioneer confirmed that they want a mobile scanner that can solve all of their paper to digital needs, not just a bare-bones, driver only, DIY scanner.
“We’re not yet living in a paperless world so being able to capture, organize and share documents, regardless of your physical location, is essential for today’s digital and mobile lifestyle,” said John Capurso, President & CEO at Visioneer. “The Visioneer RoadWarrior 3 is the perfect solution. It is the most complete USB powered mobile scanner that works anywhere, even when AC power is unavailable.”
What makes RoadWarrior 3 the most complete scanner in its class?
The RoadWarrior 3 includes a software and driver bundle that will enable scanned documents to be easily captured, organized and shared. Weighing barely more than a 12 oz. bottle of water with dimensions similar to a rolled up magazine, the RoadWarrior 3 packs easily in a laptop bag. So when Visioneer says it’s mobile, they mean it.
Capture – Using Visioneer’s most advanced scanning technology, the RoadWarrior 3 can scan any document, ID card, receipt, business card or photo up to 8.5” x 14” with the included
AutoLaunch technology – insert paper and scanning begins.
Visioneer OneTouch – Connect your scan button to any application, storage location or device.
DriverPLUS – The most reliable, compatible and functional TWAIN™ driver in the industry.
Organize – Organizing scanned receipts and documents have never been easier using the software bundled with the RoadWarrior 3. Simply scan documents and then toss the paper in the recycle bin, instead use:
Nuance OmniPage® – the most accurate OCR software to turn paper into words.
Share – The common goal of achieving a paperless world is to make the process of finding and sharing information easier. After all, users don’t want the paper; they want the information that is on the paper. The RoadWarrior 3 is the vehicle for transforming information into searchable PDF files to be shared and searched using:
Nuance PDF Converter – Full function PDF capability without spending $449*
Cloud Connect – Links OneTouch to Evernote, Google Drive, Box and Dropbox.
Price and Availability
The Visioneer RoadWarrior 3 is priced at $129.99 and is available through online channel partners, VARs, major resellers and visioneer.com.
Visioneer provides a broad range of scanning solutions for the desktop, distributed and departmental document imaging markets as well as the mobile and remote business scanning segments. In 2003, Visioneer combined its leading scanner technology with the Xerox brand recognition to develop the Xerox® DocuMate® product line. Visioneer and Xerox DocuMate high-performance business scanners and imaging software solutions offer users speed, image quality, advanced paper handling and ease-of-use with exclusive Visioneer OneTouch® technology. For additional information on Visioneer and Xerox scanning solutions, visit www.visioneer.com, www.visioneer.com/company/news or www.xeroxscanners.com. For open commentary and industry perspectives visit http://www.facebook.com/visioneerinc, http://twitter.com/visioneerinc.
Visioneer offers both product lines under a single reseller partners program. The 20/20 Perfect Vision program optimizes VAR margins and sales opportunities through volume incentive rebates, sales support and marketing tools. Additional information can be found at www.visioneer.com/2020.
*US list price of Adobe Acrobat Pro XI full product.
Below is a Bell Canada press release about the entrance of Verizon into Canada and the auctioning of the wireless spectrum. Please leave your comments as whether you favor or are opposed to the government’s plan.
A national survey released today by Nanos Research found that Canadians overwhelmingly support a level competitive playing field in the wireless industry. The survey results are further evidence that the federal government must close the three loopholes in its wireless rules that give a range of spectrum and other benefits originally intended for competitive startups in Canada to giant US wireless corporations like Verizon.
• 81% of Canadians surveyed by Nanos Research say Ottawa should not favour any companies foreign or domestic in the upcoming wireless spectrum auction
• Just 2% of Canadians think foreign companies like Verizon should be given special advantages like the spectrum and other benefits enabled by the wireless loopholes
• Canadians of all kinds, pension groups, unions, academics, business and technology associations are all concerned about the cost of the loopholes
The Nanos numbers
According to the national Nanos survey, 81% of Canadians believe government policy for the upcoming auction of 700 MHz wireless spectrum should show no favours to any competitor. Just 2% said foreign companies like Verizon should be given special advantages to enter the Canadian wireless marketplace.
With the 3 loopholes in current federal wireless rules, US giants such as Verizon could enter the Canadian market with 1) a 2:1 advantage over Canadian companies in access to this country’s 700 MHz wireless spectrum; 2) the right to piggyback on Canadian networks where they don’t want to build their own; and 3) the ability to acquire wireless startups in Canada while Canadian companies like Bell are forbidden from bidding for them.
Despite offering these unprecedented advantages, the government offers no assurances of any significant investment in Canadian jobs or infrastructure by companies like Verizon, no assurances of lower prices (Verizon’s wireless customers actually pay more on average than Bell’s do), and has negotiated no reciprocal advantages for Canadian companies wanting to enter the US market.
The 700 MHz airwaves being auctioned by Ottawa are a national public resource. The ability of this spectrum to support rapid rollouts of new mobile technology to rural and remote Canadian locations make it the most important since the launch of wireless service in 1985.
A straightforward solution
Considering the importance of the issue and the clear want of Canadians for a fair approach to wireless, Bell urges the government to close the loopholes by 1) permitting all carriers to bid on two blocks of prime spectrum; 2) requiring US carriers that enter Canada to build out networks to the entire country, as Canadian companies have; and 3) allowing major Canadian carriers the opportunity to bid against the major US companies to acquire wireless startups seeking buyers, with full review by the Competition Bureau.
While founding and running a tech blog is hard work you also have to see the humour in things too. As we have bumped up our online presence and added ourselves to more email lists, we often get those emails that I’m sure you all of you get as bloggers and those who run online businesses. I’ve read so many of them now I can almost recite them line for line. They go something like this.
Greetings for the day!
My name is Ravi (not real name)
We are a website development company based out of New Delhi, India.
We offer a range of services that include Logo design, Website Design & Development, Mobile, E-Commerce Websites, Custom Programming, Hosting, Brochures, Business Cards, etc.
We create user friendly websites that allows YOU to update your website yourself. Just ask about Content Management Systems (CMS).
Get your own CMS based website today!!! Starts from $400…
Please reply us with your queries, if you are interested.
Now many of you are probably annoyed by these and I used to be. The way I figured it please stop spamming me as I don’t want your services thank you. And then I thought wait a minute. There is bound to be some humour in here and so I decided to write a blog post about it.
Now realistically not one of us is ever likely to use these companies or services. I’m likely going to do the work for my blog myself and if I hire someone it’s going to be someone I know. But since I run a blog and my name and blog are out there in the big world of cyberspace I’d better get used to them. So laugh at them I figure.
More importantly though they also point to a way that I think you shouldn’t be marketing your business or services. Broadcast spamming and emails not only annoy , or make people laugh in my case, they are also a colossal waste of time that likely won’t generate much real business for you. I’d prefer to reach out to people who I do know or use Linked In and send personal messages to people whom I don’t know to learn more about them and set up a relationship with them.
You are also still better off to meet someone in person, take their business card and connect with them over a coffee or whatever beverage you prefer and then have them hire you.
But I don’t imagine the internet or the web is going to change much and these emails aren’t likely to stop. Someone out there somewhere must have figured these emails get results and I thank them for that. Keep them coming and I’ll keep right on laughing.
APPNATION, the global source of content and insights about the app economy, has released their first State of the App Economy Report, which was produced in partnership with Reticle Research. The report provides a robust look at today’s economy, providing marketers, publishers and their partners with the current and longer-term data, forecasts, and consumer behavior and purchase intent insights they need to take action today and strategically prepare for the future.
Specifically, the report includes:
From 2013-2017, the app economy will double from $72B USD to $151B USD
Email, web browsers and social networks lead in usage frequency
By far, the largest contributor to this number will be app-enabled commerce, supplemented by forecasted revenue from downloads, in-advertising and virtual goods
The majority of mobile device owners under 45 are using video apps at least a few times per week
Word of mouth is by far the most popular way that consumers say they discover apps
The feature consumers most expect to use in smart TVs is watching from mobile devices
“Our research demonstrates that despite the massive popularity of apps and a saturated marketplace in the U.S., the overall growth rate in the app economy is still accelerating and will be until at least 2015,” said APPNATION’s founder and CEO, Drew Ianni. “With the number of apps used per day by U.S. consumers still expanding, and as time spent on mobile devices shifts more to using apps versus other media, it is clear that there is still a lot of runway ahead of across all key sectors of the app economy. This is an incredibly exciting time as the U.S. app economy experiences its first major growth explosion, but next year will be the time we expect to see the global app market take off.”
“Few people really grasp how big and pervasive the app economy is, and to date, there hasn’t been much clarity,” said David Berkowitz, CMO, MRY. “There is so much more to know than which Facebook or iPhone game is the most popular today. Read this report for a real understanding of the most important trends and the impact of the app economy.”
APPNATION’s report analyzed the state of the app economy based on platform adoption and intent, tablet and smartphone app discovery, tablet and smartphone app usage, cloud service usage and feature desirability analysis of smart TVs. The report includes detailed analysis of a proprietary survey fielded to 2,500 online U.S. consumers. It also analyzes aggregated data, including a section on app usage based on data from mobile analytics company Flurry. It spans strategic and tactical concerns; taking a comprehensive look at both detailed demographic breakdowns of app usage by age range across a range of 15 different genres, as well as ownership of and interest in acquiring emerging platforms. Ianni and Reticle Research principal analyst Ross Rubin co-authored the report.
Rubin noted that, “Smartphones and tablets are driving the app economy today, but emerging platforms, such as connected cars and smart TVs, are providing new opportunities as well as raising thorny questions regarding how they will interface with apps consumers already have. For example, nearly 11 percent of U.S. consumers now have a vehicle that can support apps on a center console and three times as many consumers plan to purchase app-enabled TVs versus non-app-enabled TVs in the next six months.”
This is the first report to be issued by APPNATION’s new research division, which will deliver regular primary research to an increasingly growing universe of brands, publishers, technology providers and investors that strongly demand this data.
About Reticle Research Founded by veteran technology analyst Ross Rubin in 2012, Reticle Research is an advisory services and consulting firm helping clients benefit from insights into shifting consumer trends. Its diverse offerings are distributed primarily through partnerships that contribute unique research and marketplace assets. Reticle Research analysis has been cited by The New York Times, ABC News, NBC News, Bloomberg Businessweek, Entertainment Weekly and many other major media outlets.
About Paradigm Sample Paradigm was founded on the premise that there were new and untried ways to provide access to hard-to-reach audiences to support consumer and B2B research. Since 2009 we have been providing real-time market research, giving leading companies a solid foundation to support all types of business and marketing decisions Paradigm has been pioneering mobile-based market research for over four years. Our focus has been on how, when, why, where and by whom mobile data should be collected and integrated into key decisions. Through this lens, Paradigm Mobile has been advancing the benefits of mobile technology and it’s place in the research world. And after three years of mobile-research trial, innovation, and successful client-sponsored projects, our clients are benefiting from our foresight… We now boast a clear and proven approach to real-time data collection from consumers’ mobile devices by a host of marquee clients.
Data & Audio-Visual Enterprises Holdings Inc. and its (collectively, Mobilicity) affiliates announced July 10 that it has adjourned the debtholder vote on the previously announced recapitalization plan. Consistent with the pursuit of all of its strategic alternatives, the Company has the right to reconvene the recapitalization plan vote on notice to its debtholders.
Mobilicity also announced today that it is in discussions with multiple parties in connection with an acquisition plan of arrangement.
Stewart Lyons, Mobilicity’s President and COO said, “We are working diligently to reach an acquisition agreement and thank our customers, dealers, employees and partners for their continued support as we see this process through to its completion.”
Formerly known as Data & Audio-Visual Enterprises Wireless Inc. (DAVE Wireless), the company is led by Obelysk, a diversified Canadian holding company, and Quadrangle Capital Partners, a global investor in the telecommunications and media sectors. Mobilicity was named one of Canada’s Top 25 Up and Coming Information & Communication Technology start-ups in 2010 by the Branham Group Inc. Further information about Mobilicity can be found at www.mobilicity.ca