San Jose, California, Oct. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in innovative artificial intelligence (AI) and data management solutions, today announced that it has completed the acquisition of OPtimAIze, Inc., an Artificial Intelligence software company that focuses on AI solutions for software product engineering teams. Sonasoft now has the solution to establish itself as a leading provider of AI for software product development. According to the analysts at Statista the enterprise software market alone had a global market size of over $457 billion in 2019. IDC also forecasted that worldwide spending on artificial intelligence (AI) will reach $776 billion by 2022. Sonasoft is well-positioned to gain significant market share in a large existing market that is poised to accelerate with an anticipated adoption of AI.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.