Sonim Announces Software Development Relationship With Coforge
Expected to Reduce Operating Costs by Outsourcing Most of Software Development on Current Products
Sonim Technologies, Inc., announced a software development and asset purchase agreement with Coforge, a global IT solutions company based in India that serves large enterprise technology and communications deployments worldwide. As part of the agreement, Sonim has agreed to transfer its India-based software development resources to Coforge, which will have the responsibility to provide software development services to the company in the future. Additionally, Coforge has become a Sonim partner, focused on introducing Sonim devices as solutions to enterprise customers worldwide.
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“This agreement with Coforge enables Sonim to reduce personnel and real estate costs and we believe improve our cash flows and align better with our future ODM development plans. Additionally, we will be able to leverage the software expertise and experience of Coforge,” said Tom Wilkinson, Chief Executive Officer. “Coforge has agreed to maintain current personnel and capabilities, ensuring we do not miss a beat with our software efforts for our current products, while letting us increase our focus on the differentiating factors that Sonim’s customers value.”
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As part of the transition, Coforge has agreed to take over work assigned to Sonim’s India Development Center (IDC), whose assets are expected to be merged with Coforge, which helps to provide valuable personnel and real estate cost savings for Sonim as well as potential future work opportunities for the Sonim IDC staff.
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