AVCT stock is getting a lot of buzz after the company announced an expanded partnership with Braidio.
Kandy and Braidio Announce Expanded Partnership to Accelerate the Delivery of Digital Transformation as a Service Solutions
ATLANTA, Dec. 10, 2021 (GLOBE NEWSWIRE) — American Virtual Cloud Technologies, Inc.’s (AVCtechnologies) (Nasdaq: AVCT) Kandy Communications business unit (Kandy), and Braidio, the global, award-winning mobile customer engagement platform today announced an expanded partnership that will power next-generation user experiences for an 80,000-user telehealth application and for a pet wellness application by a premier veterinary hospital system in the US servicing 25,000+ customers. Braidio WorkStreams™ threads information, knowledge, people, customers and business tools into a single point of revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... capture and productivity, and in partnership with Kandy, creates more engaging, edge-driven customer engagement experiences for its clients.
Braidio’s Customer Engagement as a Service platform leverages AI, low-code and powerful embedded real-time communications and is enabled by Kandy’s rich Cloud Communications Platform as a Service (CPaaS) capabilities including messaging, chat, voice, video and open APIs which make integrated communications and collaboration intuitive, accessible and scalable across web, mobile and app presences.
Kandy and Braidio have been working with AT&T on the evolution of the AT&T API Marketplace since its launch in 2019, providing businesses with capabilities enabling simpler faster and more efficient ways to communicate with customers in real time. Braidio, on the heels of its recent $50 million investment commitment by Global Emerging Markets and with a proven technology stack that includes the recent acquisition and integration of the AI-powered custom experience platform Leia, is positioned to drive its global expansion alongside Kandy, AT&T and Etisalat.
Kandy’s cloud-based real-time communications solutions enable Braidio to deliver on the healthcare, financial services, retail, construction, pet wellness, and veterinary medicine industries. Together Kandy and Braidio are now offering these solutions to Telcom partners and a global ecosystem of 300 million users and millions of enterprises in over 20 countries.
“Braidio has been an inspiration to us for many years,” said Chuck Canton, President of Kandy. “They bring significant expertise in industry-specific applications that leverage our Communication Platform as a Service capabilities. Industry analysts predict the programmable CPaaS market will exceed $20 billion by 2025, and because of this, enterprise organizations are looking to use programmable communications, such as those offered by Kandy, to redefine how they engage with their customers and employees. This is an exciting time for Kandy, Braidio, and the broader cloud communications industry, and these client wins contribute to our already accelerating user count and market penetration.”
“Braidio WorkStreams™ was an early adopter of the Kandy CPaaS platform and has embedded Kandy within our platform and within our ‘adoption friendly’ bundle of market segment focused turnkey apps for Healthcare, Pet Care, Financial Services, Field Services, and Retail that we distribute into channels such as AT&T, Etisalat and other global channels,” said Iain Scholnick Founder and CEO, Braidio. “The powerful combination of Kandy and Braidio’s platforms makes it possible for us to deliver a deeply integrated joint platform solution for Telco partners to immediately create and deploy tailored, engaging mobile edge experiences to drive new revenues and customer growth. Using Kandy’s CPaaS we help businesses create a better, edge-driven customer experience, more engaging, and accelerate digital transformation and revenue capture across their entire organization.”
American Virtual Cloud Technologies, Inc. (“AVCtechnologies”; Nasdaq: AVCT) is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. In 2020, American Virtual Cloud Technologies, Inc., acquired Computex Technology Group and Kandy Communications.
AVCtechnologies sees revenue from Kandy unit in excess of $37M in 2022
On December 9, 2021, American Virtual Cloud Technologies earlier announced that it projects revenues of its Kandy Business Unit to grow from $14.3M in 2020 to approximately $18.8M in 2021 and in excess of $37M in 2022. The significant projected growth is driven by 505% year-over-year subscriber growth from January 2019 to today, the company said in a statement.
“AVCtechnologies is positioned to gain market share as a premier white-label cloud communications provider, checking the CPaaS, CCaaS & UCaaS boxes, while also capitalizing on direct to enterprise capabilities,” said Darrell J. Mays, CEO of AVCtechnologies.
Larry Mock, AVCtechnologies’s Board Chair, said “These market, customer, and product achievements are why I have repeatedly invested in AVCT and its predecessor companies since 2011, why I have never sold a share of the company’s stock, and why I continue to believe in the opportunity.”
AVCT Stock Dilution
On December 3, 2021, AVCtechnologies filed to sell 6.67M shares of common stock.
ConnX Expands Long-Standing Partnership with Kandy, Rolling Out Work from Everywhere Solutions for Large, Distributed Retailers
ATLANTA and PLAINSBORO, N,J., Dec. 02, 2021 (GLOBE NEWSWIRE) — American Virtual Cloud Technologies, Inc.’s (AVCtechnologies) (Nasdaq: AVCT) Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communications announced an advance in their long-standing relationship with ConnX, Inc., a leader in digital communications transformation powered by AI and automation.
Following a range of highly successful implementations for physical, digital and hybrid retailers, Kandy and ConnX are unveiling their full-stack real time communications offering designed to meet the specific needs of retailers. The two companies recently transformed a national retail communications network in the US built and managed by ConnX which connects over 80,000 endpoints including physical stores, a contact center, and the retailer’s eCommerce platform. For more information, click to download the case study.
Kandy delivers a full suite of cloud-based Unified Communications as a Service (UCaaS) capabilities to its cloud customers through its carrier-grade Kandy Business Solutions including Cloud PBX, Smart Office UC Clients, Collaboration, Contact Center, and SIP Trunks. Kandy makes all these solutions available through leading channel partners including ConnX and AT&T.
With a unique platform that delivers a comprehensive real time communications solution to mid-size and large global enterprises, including unified voice, data, video, chat, messaging, collaboration, security, and AI-powered service assurance, ConnX currently serves customers in 120 countries with plans to expand services and global reach to meet the growing global demands of existing and new customers.
“We chose Kandy years ago as part of our foundation when we saw the move from legacy voice systems accelerating into pure cloud alternatives,” said Indrajit Ghosh, founder and CEO, ConnX. “We were there from the beginning and are proud to have been not only an early adopter of their as-a-service offerings, but to have contributed to the advancement of their technology stack and capabilities. Our most recent large retail implementation was a huge success and being expanded to include new applications and more seats. We have all the data we need to validate the strength and stability of Kandy’s platform and it’s global reach, together with the innovation and simplicity of our AI/SDWAN, SIP-as-a-Service, and AI-Analytics-as-a-Service offerings tailored for the retail industry.”
“Kandy inspires creativity,” said Chuck Canton, President, Kandy. “Our partners, developers and customers are building world class applications, supported by our team’s ongoing commitment and support. ConnX has been a world-class partner from day one, and one of the largest consumers of our software and cloud- communications platform. Their seamless implementations of increasingly large and distributed private enterprise networks continues to deepen our relationship. Today, by rolling out this exciting industry solution that retailers are looking for, we bring even greater value together as the retail sector continues their digital transformation journey. The ConnX/Kandy solution drives better customer experience, lower total cost of ownership, and opens the door for ongoing creative and competitive advantages.”
VIDEO This $2 Stock Has Big Potential 🔥 Price Prediction American Virtual Cloud Technologies AVCT Stock
IPO Market Watch gave his opinion on AVCT stock.
VIDEO AVCT Stock 300 Million Users!
Voorhees Trading gave his analysis of the stock writing, “AVCT Stock announced an expansion with KANDY and Braidio! With the expansion, they have access to over 300 million users and 20 countries!”
AVCT Stock Technical Analysis
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. The explosion higher in large players volume means larger investors are buying the stock. Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry. The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out. There is resistance at 3.49 from a trend line in the daily time frame. The technical rating of AVCT is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when AVCT stock is a good entry.
