Ag-I Solutions and BOS Global announce Heads of Agreement for Global Distribution of Ag-I products
October 20, 2016
I am extremely pleased to announce that Ag-I Solutions Limited and BOS Distributions Pty Limited have today signed a Heads of Agreement that will provide BOS Distributions Pty Limited with exclusive global distribution rights for Ag-I products, including the APICTA Award Winning Electronic Records, Document and Workflow Management System, Ebikko. This agreement will enable Ag-I to take its highly successful SaaS products to the global market.
BOS Distributions Pty Limited is a wholly owned subsidiary of AIM listed BOS GLOBAL Holdings Limited and the full text of the AIM release can be read below.
BOS GLOBAL Holdings Limited ACN 009 087 852
AIM Release 20 October 2016
BOS Revenue and Products Update
BOS GLOBAL Holdings Limited (“BOS” or “the Company”) (AIM: BOS), is pleased to provide the following update on its operations.
BOS Distributions Pty Ltd (“BOS Distributions”), a wholly owned subsidiary of BOS GLOBAL Holdings Limited (“BOS”), has signed a binding Heads of Agreement with Ag-I Solutions Limited (“Ag-I Solutions”) to secure distribution of Ag-I Solutions products. The agreement provides for global master distribution rights to be granted to BOS Distributions including the exclusive rights to brand, market and resell Ag-I Solutions products and intellectual property globally, excluding the territory of Malaysia. It will also provide BOS with first option to acquire existing, future and jointly developed intellectual property.
Ag-I Solutions (www.ag-isolutions.com) is a software development and licensing business headquartered in Hong Kong with a portfolio of successful, enterprise level cloud based solution products covering Records, Document, Workflow and Meeting Management.
Grant Chapman (BOS Chief Innovation Officer) commented “Ag-I Solution products are a very compatible and complimentary match for BOS360 Work Patterns Platform as a Service, and the agreement we have reached provides the opportunity to both expand our existing product offering and broadening our adjacent technology needs.”
The agreement with Ag-I Solutions will deliver BOS a suite of proven solutions for immediate deployment and revenue generation and will incorporate a license to modify all product source code for further development and integration into the BOS360 Work Patterns (PaaS).
Steve Kucia Ag-I Solutions Limited (Group Managing Director) said: “Over the past 5 years the Ag-I team has been steadily building a solid business focussed on a suite of very defined enterprise grade products. Our core capability is in software development, so it makes perfect sense to leverage BOS’ marketing and global sales capabilities and to be part of the larger opportunity with the BOS360 Work Patterns rollout.”
The key benefits for BOS that are expected to flow from this agreement are:
1. Immediate opportunities for deployment of product and generation of revenue via direct and reseller channels.
2. Lead generation opportunities through channel referrals from existing customer base.
3. Sales opportunities of BOS360 Work Patterns (PaaS) to existing customers and related channels.
4. Collaboration opportunities and technical expertise via the Ag-I Solutions development team, and
5. Reduced operational expense in terms of BOS expansion, software development and support costs.
Michael Travia (BOS Managing Director) commented: “I wish to thank the executive teams from both AG-I and BOS for their hard work in securing this agreement. I am very excited about what the combined efforts and skills of both parties can deliver going forward. The agreement represents an important milestone for the ‘fast tracking’ of both product and revenue for BOS.”
For further information contact:
Michael Travia, Managing Director BOS GLOBAL Holdings Limited
Tel: +61 (0) 8 9322 4071
Oliver Morse RFC Ambrian Ltd
Tel: +61 (0) 8 9480 2500 (AIM Nominated Adviser to the Company)
BOS GLOBAL Holdings Limited
Suite 3, Level 3 1292 Hay Street West Perth WA 6005
Ph: +61 (0)8 9322 4071 Fax: +61 (0)8 9322 4073 Email: email@example.com Web: www.bosglobal.com