Synoptek transforms Enterprise Communications for the Global Furniture Group with Kandy’s Unified Communication as a Service (UCaaS) Solution

Synoptek transforms Enterprise Communications for the Global Furniture Group with Kandy’s Unified Communication as a Service (UCaaS) Solution

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ATLANTA, Sept. 24, 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, today announced that Synoptek, a global systems integrator and managed IT services provider (MSP), has deployed the Kandy Unified Communications-as-a-Service (UCaaS) solution for the Global Furniture Group (Global Furniture), the fifth largest multinational manufacturer, marketer, and distributor of office furniture with a 55 year legacy and more than 8,000 employees.

Kandy enables Synoptek to offer real-time communications services including voice, video, instant messaging, presence and collaboration capabilities for large flagship enterprises. Global Furniture employs Kandy’s UCaaS platform to eliminate costly legacy PBX infrastructure to transform the customer experience, streamline its business processes, and lower the total cost of ownership across scores of locations in a multi-national network.

“Kandy’s UCaaS solution is a great addition to our portfolio, providing us with a proven hosted product that immediately expands our business services offerings,” said Tim Britt, CEO at Synoptek. “Not only does Kandy UCaaS support traditional phones and analog devices, Kandy Smart Office soft clients enable premium chat, end-user voice and video conferencing, and collaboration. Kandy allows us to be a “one-stop shop” to meet all our customers’ real-time communications needs, regardless of whether they seek solutions for office, factory, mobile, remote or hybrid work environments.”

“We have a very strong, longstanding partnership with Synoptek and are pleased that we can enable the deployment of our Kandy UCaaS services,” said Chuck Canton, President, Kandy Communications. “In today’s hybrid work environments, business users and customers want modern communications capabilities whether they are in the office, at home or on the go. Kandy can provide the same rich collaboration and communications experience from virtually anywhere.”

Key Takeaways:

  • Leading MSP Synoptek has deployed Kandy Unified Communications as a Service (UCaaS) for Global Furniture Group to transform their multi-site enterprise communications environment
  • Synoptek’s real-time communications platform, powered by Kandy, provides a frictionless communication experience resulting in improved performance, enhanced functionality, and lower total cost of ownership
  • Kandy’s UCaaS platform and Smart Office client allows service providers such as Synoptek to deliver advanced voice, audio and video conferencing, instant messaging, presence, and collaboration capabilities delivering a common experience across desktop and mobile devices
  • Synoptek provides end-to-end services offering better communications availability, faster incident response times, and continual service improvements to provide higher levels of customer service and satisfaction to enterprise business users
  • Kandy’s UCaaS platform and Smart Office client can be easily branded and resold in a multi-tiered model, allowing service providers and enterprises to instantly add new functionalities and applications for all users through a range of flexible subscription-based pricing options

To learn more, click Kandy Unified Communications and Collaboration services https://www.kandy.io/kandy-provides/unified-communications-service

To learn more about Synoptek Real Time Communications Services for enterprise, visit https://synoptek.com/business-process-and-software-solutions/workforce-productivity/real-time-communication-services/

About Synoptek

Synoptek is a global systems integrator and managed IT services provider. We offer comprehensive IT management and consultancy services to organizations worldwide. We work in partnership with clients of various sizes – from mid-market to Fortune 100 – while helping them strengthen their IT foundation, manage risk and compliance, and enhance competitive position. Learn more about our service offerings. For more information, visit www.synoptek.com

About Global Furniture Group

Global Furniture Group was founded in 1966 with the vision of manufacturing well-made office furniture at affordable prices. That promise continues today through a network of vertically integrated suppliers, manufacturers, and distributors who bring our products to market around the world. Global offers a comprehensive portfolio of solutions designed and engineered to meet the changing needs of the Workplace, Education, and Healthcare markets. Our success over the past half-century owes much to our diverse team, who take pride in creating quality products and providing our clients the highest level of service. For more information, visit www.globalfurnituregroup.com

About Kandy

Kandy is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes. For more information visit www.kandy.io

About American Virtual Cloud Technologies, Inc.

American Virtual Cloud Technologies (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. For more information, visit www.avctechnologies.com

AVCT Contact: info@avctechnologies.com

AVCtechnologies Announces Significant Debt Reduction and Increased Equity Float from Conversion of Debentures, and Renewed Focus on Additional Investment in Cloud Technology

AVCtechnologies Announces Significant Debt Reduction and Increased Equity Float from Conversion of Debentures, and Renewed Focus on Additional Investment in Cloud Technology

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ATLANTA, Sept. 16, 2021 (GLOBE NEWSWIRE) — American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) (“AVCtechnologies” or the “Company”) announced today that as a result of the decision by the Company’s Board of Directors to explore strategic alternatives announced April 7, 2021, the Board has authorized the Company to focus its strategy on acquisitions and organic growth in its cloud technologies business as well as to explore strategic opportunities for its IT solutions business, including the planned divestiture of Computex Technology Group (Computex). The process that was established upon receipt of the previously announced non-binding proposal did not result in the submission of a definitive offer. The Company believes that the change will allow the Company to optimize resource allocation, focus on core competencies, and improve its ability to invest in areas of maximal growth potential. The Company expects that the proceeds from any potential sale transaction will be used to further deleverage the balance sheet and provide working capital.

AVCtechnologies acquired Kandy, a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities, in December 2020 amidst increasing demand by businesses shifting their operations to cloud-based infrastructure, security, and communications, the pace of which has been accelerated by the COVID-19 pandemic. The Kandy platform also includes pre-built customer engagement tools based on WebRTC technology that provide secure, highly scalable, white-labeled services to a comprehensive roster of globally recognized customers, including AT&T, City of Los Angeles, IBM, and Etisalat.

Darrell J. Mays, AVCtechnologies CEO, said, “We are excited to pursue this next step in our comprehensive plan for acquisitive and organic growth, as well as enhance the focus of the Kandy business to meet the needs of its customers.”

Additionally, AVCtechnologies is pleased to announce that it has completed the conversion of $133.9 million of outstanding debentures into 38.8 million common shares which have been registered for resale, significantly increasing its equity float. The planned debenture conversion was previously announced on July 22, 2021.

“Both the decision by the Board to actively seek strategic acquisitions to complement Kandy’s cloud platform and the completed debentures conversion underscores our commitment to ensuring our goals are aligned with the shareholders’ best interests as we work to drive the business forward,” said Larry Mock, Chairman of the Board at AVCtechnologies.

About American Virtual Cloud Technologies, Inc.
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. For more information, visit https://www.avctechnologies.com.

About Computex Technology Solutions, an AVCtechnologies company
Computex Technology Solutions is an award-winning solutions provider that enables its clients to grow, differentiate and evolve their business via innovative and proven technology. Computex combines over 30 years of hands-on experience with unparalleled processes to deliver enterprise networking, cloud, and cybersecurity data center solutions, as well as managed services, to meet customers’ unique IT, business, and budgetary goals. To learn more, please visit: https://computex.net.

About Kandy, an AVCtechnologies company
Kandy is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes. For more information, visit https://kandy.io.

Caution Regarding Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company’s plans to divest Computex Technology Group and to identify and/or complete suitable acquisitions, and planned future growth. The Company’s actual results or outcomes and the timing of certain events may differ significantly from those discussed in any forward-looking statements, including as a result of the uncertainty associated with being able to identify, evaluate and complete any strategic transaction, the impact of any strategic transaction that may be pursued on the Company’s business, including its financial and operating results and its employees and clients. These statements are based on various assumptions and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in the Company’s clients’ preferences, prospects and the competitive conditions prevailing in the industries in which the Company operates; the Company’s substantial indebtedness; risks associated with the potential effects of COVID-19 on the Company’s business; risks that the recently-acquired Kandy Communications business will not be integrated successfully; ability to retain key personnel; the potential impact of consummation of the Kandy Communications acquisition on relationships with third parties, including customers, employees and competitors; conditions in the capital markets; and those factors discussed in the Company’s amended annual report on Form 10-K filed with the SEC on May 14, 2021 under the heading “Risk Factors,” and other documents of the Company filed, or to be filed, with the SEC. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this report. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contact
Thomas King
info@avctechnologies.com
+1 (404) 239-2863