Etelos, Inc. (OTCBB:ETLO), a developer and operator of private-labeled marketplaces for Web-based business applications, announced that NetDocuments, a leading provider of SaaS content management, has become an Etelos Syndication Partner. Under the terms of the agreement, the two companies have agreed to share revenues from monthly service agreements providing the popular software to enterprise and small business customers.
NetDocuments’ products will be distributed via multiple Software as a Service (SaaS) marketplaces that are based on the Etelos Platform Suite™. NetDocuments was designed for organizations of all sizes to create, organize and share documents anywhere, anytime.
“We continue to grow our network of business applications available through multiple marketplaces,” Etelos CEO Danny Kolke said. “With the addition of NetDocuments, we’ve expand our list of valuable tools for businesses looking to implement software solutions without having to pay high licensing fees or endure lengthy implementations.”
With NetDocuments, professional services firms such as law firms, financial service advisors, and CPAs remove the hassle of servers and software by deploying a hosted application with built-in business continuity, global access, client collaboration, and all the features of document management including version control, check-in/out of document edits, email notifications, history, compliance, and records retention policies.
"We applaud Etelos for aggregating and delivering a breadth of software applications as a marketplace," said Leonard Johnson, VP Marketing at NetDocuments. "By simply selecting and turning on a set of applications as services, a business eliminates the hassle of installing and deploying servers and software thus drastically reducing the costs of technology and at the same time ensuring business continuity.”
Etelos is a developer and operator of private labeled Marketplaces for Web-based business applications. The Etelos Platform Suite is the foundation for moving apps from a proprietary model to SaaS and it enables syndication partners to offer their applications through multiple private labeled SaaS marketplaces. NetDocuments, as part of the Etelos Syndication Partner program, will be made available to a variety of businesses in the manufacturing, service and financial industries.
NetDocuments is now available on the marketplaces that have been built on the Etelos Platform Suite. For more information or to browse those marketplaces, please visit Etelos.com.
About Etelos, Inc.
Etelos is the developer of a Web app distribution platform for delivering Web apps for businesses. Unlike other cloud computing and Platform-as-a-Service (PaaS) solutions, Etelos enables software manufacturers to migrate existing applications or to create new applications, then to package, distribute, host, bill, market and support their Software-as-a-Service (SaaS) enabled applications through a number of third-party branded application marketplaces, all based on the Etelos Platform Suite. Etelos™, the Etelos Platform Suite™, EASE™, Etelos App Server™, Etelos VE™, Etelos Cloud™ and Etelos Marketplace™ are trademarks of Etelos, Inc.; other trademarks are the property of their respective owners. For more information about Etelos, please visit Etelos.com.
About NetDocuments
NetDocuments was organized in 1998 as one of the first Software as a Service (SaaS) companies in the world. Our vision is to leverage the Web and the SaaS delivery model to offer the most feature-rich and efficient document service, including the management and collaboration of work in process documents, emails and records. For more information about the company and management, go to www.netdocuments.com. For further information, please contact info@netdocuments.com or call +1.866.netdocs.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Etelos' business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. Forward-looking statements include, among other things, statements concerning the company's partnership with others, the future financial performance of our company, the acceptance of our products and services, the success and timeliness of our product and platform roll-out and other statements qualified by words such as "anticipate," "believe," "intend," "may" and other words of similar import. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including: Our partnerships with this Partner or others, the future financial performance of our company, the acceptance of our products and services, the success and timeliness of our products and platform roll-out. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports that Etelos files periodically with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Etelos undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.