AVCT - AVCT STOCK NEWS

AVCtechnologies has announced the availability of its Kandy Unified Communications and Collaboration solutions on IBM’s Cloud for Financial Services.

This platform offers built-in security and compliance to facilitate IT modernization for financial institutions. With the integration of Kandy’s Cloud PBX, Smart Office UC Clients, and other services, AVCtechnologies aims to enhance customer experience while addressing regulatory and cybersecurity challenges.

By leveraging IBM's secure environment, AVCtechnologies is set to facilitate rapid application development and secure transactions for financial services.

American Virtual Cloud Technologies (Nasdaq: AVCT) announced its participation in the Enterprise Connect Virtual event from September 27-29, 2021. The company will showcase its Kandy business unit's innovations in cloud-based UCaaS, CCaaS, and CPaaS solutions, including Kandy Drops, a simplified contact center solution. Jeff Singman, SVP Sales & Marketing, emphasized that the company aims to enhance enterprise communications and reduce costs through digital transformation. The event marks Kandy's first participation following its acquisition from Ribbon Communications in December 2020.

On September 24, 2021, American Virtual Cloud Technologies (AVCT) announced the deployment of its Kandy UCaaS platform by Synoptek, a global IT services provider, for Global Furniture Group. This deployment transforms Global Furniture's multi-site communications, offering real-time services like voice, video, and messaging. Kandy's solution replaces costly legacy systems, enhancing customer experience and streamlining processes. The partnership aims to meet modern communication demands across various work environments, reducing total ownership costs while improving performance.

On September 16, 2021, American Virtual Cloud Technologies (Nasdaq: AVCT) announced a strategic shift focusing on acquisitions and organic growth in its cloud technologies business. The Company plans to divest Computex Technology Group and has authorized this move to enhance resource allocation for maximizing growth potential. The Board aims to utilize proceeds from any sale to reduce debt and bolster working capital. Additionally, AVCT converted $133.9 million of outstanding debentures into 38.8 million common shares, effectively increasing its equity float.

American Virtual Cloud Technologies (AVCtechnologies; Nasdaq: AVCT) announced significant leadership changes, effective immediately. Darrell Mays has been appointed as CEO, leveraging his deep familiarity with the company. Lawrence E. Mock becomes Chairman, while Robert Willis takes on the role of Vice-Chairman. Key appointments include Kevin Keough as President and Chuck Canton as President of Kandy. Notably, AVCtechnologies plans to reduce its debt by over 90%, converting $130 million of debentures into equity. These changes aim to enhance operational efficiency and shareholder value.

American Virtual Cloud Technologies (AVCT) announced that its brand, Computex Technology Solutions, was named to CRN’s Solution Provider 500 list for the ninth consecutive year. The list recognizes leading IT channel partners in North America based on services revenue, with this year’s combined revenue exceeding $403 billion. Dr. Louis Hutchinson, Chief Growth Officer, credited the recognition to the team's commitment to customer service and innovative solutions. The achievement indicates Computex's strong market position and its capacity to adapt to evolving IT challenges.

American Virtual Cloud Technologies (NASDAQ: AVCT) has unveiled a significant update to its Smart Office collaboration tools, enhancing user experience and security. Key features include optional single sign-on (SSO) for secure authentication, a refined user interface with light and dark mode options, real-time notifications for missed calls and messages, and improved message synchronization across devices. The update, which also tightens collaboration with Poly headsets for better audio quality, addresses the growing demand for secure remote work solutions. Smart Office 4.1 is available now.

American Virtual Cloud Technologies (NASDAQ: AVCT) announced a collaborative initiative aimed at modernizing IT infrastructures for historically black colleges and universities (HBCUs). This project, in conjunction with the Student Freedom Initiative, includes gifting cybersecurity services and technology support to nine HBCUs, with plans to extend to all 107 across the United States. The initiative addresses critical cybersecurity needs, particularly in the wake of challenges posed by COVID-19, aiming to enhance operational resilience and efficiency while complying with Title IV funding requirements.

American Virtual Cloud Technologies (AVCT) has partnered with Rand Technology through a Master Service Agreement, enabling enhanced IT asset disposition services for AVCT’s Computex Technology solutions. This collaboration will provide R2 compliant, white glove solutions such as IT asset recovery and secure data destruction. AVCT aims to leverage Rand's capabilities to expand its global network and cloud infrastructure services. Both companies emphasize their commitment to maximizing the recovery value of IT assets and enhancing service offerings in the rapidly evolving IT landscape.