Sales Update - Leonovus Signs 3.0 Customer
OTTAWA, Aug. 3, 2017 /CNW/ - Leonovus Inc. ("Leonovus") (TSXV: LTV) announces that it has signed its first Leonovus 3.0 customer. The first phase of the agreement requires Leonovus to implement its 3.0 technology in a proof of concept ("POC") mode. This phase will last forty-five days. The customer is a large international marketing organization and one of the first requirements is for Leonovus to demonstrate the software's capability to increase the velocity of the company's data collaboration services to its new customers. During the POC, Leonovus will also demonstrate its data storage ROI while maintaining data security and compliance. Another key deliverable is the demonstration of the simplicity and flexibility of the Leonovus solution.
"This is an excellent Leonovus 3.0 customer. We estimate the monthly recurring revenue for this customer to be greater than $10K, or more, per month if the POC proves out and the customer signs up for the second phase and puts our technology into full production. We have a number of other potential POC's that we hope to close in the next sixty days", said Michael Gaffney, Chair and CEO
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SOURCE LeoNovus Inc.