SOURCE: Viyya Technologies

August 07, 2008 10:52 ET

Viyya Xandros Agreement Projects $30 Million Revenue Stream

Viyya Embedded on Worldwide Linux Platform

FAIRFIELD, NJ--(Marketwire - August 7, 2008) - Viyya Technologies, Inc. (PINKSHEETS: VYON), the developer and marketer of the world's most advanced, web-based content management application, announced today its expectations in revenue production as the Strategic Licensing Agreement with Xandros, Inc. embeds the Viyya technology in next-generation Linux desktop and server products, Mobile Internet Devices (MID), and advanced cross-platform Windows-Linux management tools.

With this contract, Viyya and Xandros enhance their abilities to meet the needs of the growing number of Linux desktop and mobile users of the world class Original Equipment Manufacturers (OEMs) that represent the reseller and partner programs of Xandros.

The Strategic Licensing Agreement provides a means for the companies to mutually benefit from the recurring revenue stream generated by embedding the Viyya product into the Xandros product lines. The companies will work together with Xandros OEMs to ensure that there is a cohesive strategy pertaining to marketing, technical, and user support requirements.

Both companies believe there is a tremendous market opportunity in that the size of the Linux NetBook market alone will exceed hundreds of millions of users. Embedding the Viyya product with the Xandros products creates a one time immediate license component, and a recurring revenue vehicle of $1.99 to $9.95 per month per user depending on the software version purchased by the end user, each will be shared by both companies.

According to John Bay, Viyya CEO, "We've worked with the management of Xandros to develop revenue projections based on their delivery forecasts for the next three years and based upon these conservative figures, combined license and recurring revenues stemming from this contract will surpass $60 million over the period."

Additionally, based upon the strong synergy that each company believes exists in this relationship, the Strategic Licensing Agreement allows for productive future combined efforts to take advantage of the Viyya technology's capability to manage the "content and convergence" that will be required as availability of information continues to explode in the marketplace.

For our company and our shareholders, Bay continued, "We're expecting to generate revenue from this opportunity during the fourth quarter of 2008 and to use this period as our platform for achieving revenues from this relationship with Xandros of $4.9 million in 2009, $10.6 million in 2010 and $14.7 million in 2011."

Viyya management will release additional information regarding this agreement over the coming weeks such as product releases, implementation and distribution to partners and other pertinent items.


About Viyya Technologies

Viyya Technologies (PINKSHEETS: VYON) is the developer and marketer of the world's most advanced, web-based information management application. The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, email, and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA™ gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information, and have the information processed into notifications, daily reminders, newspapers, or archived for future use. For additional company information, please visit www.viyya.com.

Legal Notice: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this release. These statements relate to future events or financial performance; are based on current expectations/projections about Viyya and its industry; and may differ materially from actual future results or events. Such words as "expects," "believes," and "anticipates" are intended to identify these statements. Viyya disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.

Contact Information

  • Contact:
    Joseph Forese
    973.276.0555