| Over a quarter ago | ||||
Reports Q4 revenue $3.6M… Reports Q4 revenue $3.6M vs. $2.8M last year. "Fiscal 2022 was a critical year for Altigen, marking the transition to our new Customer Experience Cloud Solutions portfolio," said Jerry Fleming, chairman and CEO of Altigen. "During the year we made significant enhancements to our CoreInteract Customer Engagement as a Service platform, established a beachhead base of CoreInteract customers, launched the new FrontStage Contact Center as a Service solution for our FinTech Customers, and deployed our new geo-redundant MaxCloud Unified Communications as a Service platform to over 30 customers. In addition, we also acquired ZAACT Consulting, a leading Microsoft solutions partner, which added valuable Microsoft technical expertise required by our enterprise customers. All in all, I believe the steps taken during fiscal 2022 mark a key catalyst in our evolution that will enable Altigen to take advantage of today's Digital Transformation market opportunities within the Microsoft Teams platform, Fiserv's significant customer base and our third-party channel." | ||||
Altigen Communications… Altigen Communications announced that it closed on the transaction to acquire the assets of Intermountain Technology Group, doing business as ZAACT Consulting. The acquisition involved substantially all of the assets of ZAACT. as of the closing date. The acquisition closed on May 6, 2022 Several members of ZAACT's leadership team will join Altigen as corporate officers. Ryan Day, ZAACT founder and chief executive officer, will become Altigen's chief strategy officer, reporting to Fleming. Trent Rowley, president and chief operating officer will become Altigen's chief operating officer, reporting to Fleming. Chris Weidemann, vice president of development will become Altigen's chief technology officer, and Darin Rohead, vice president of sales will join Altigen as vice president of sales service, both reporting to Rowley. Mark Allen, Altigen's current CTO, will assume the role of Chief Product and Innovation Officer, reporting to Fleming. ZAACT Consulting, a Microsoft partner with 7 Gold competencies, provides technology assessment, custom development and cloud migration services focused on the Microsoft technology stack. The acquisition of ZAACT adds broad and deep expertise in Microsoft technologies and, more specifically, Microsoft Teams which are required to support Altigen's native Teams enterprise solutions. For the fiscal year ended December 31, 2021, ZAACT generated over $5.3M in revenues while recognizing approximately $0.5 million in Net Income. ZAACT generates revenue from monthly service plans and both annual and one-time services projects. | ||||
