|By PR Newswire||
|September 21, 2012 06:05 AM EDT||
SANTA ROSA, Calif., Sept. 21, 2012 /PRNewswire/ -- Democrasoft, Inc. (NASDAQ BB: DEMO) today announced that it has engaged Business Team, a unit of BTI Group, the largest business brokerage firm in the Western United States, to locate a strategic partner for its flagship subsidiary, Collaborize Classroom, Inc., one of the leading providers of educational collaboration tools.
"We have taken Collaborize Classroom from a standing start to more than 36,000 teacher sites and almost 2 million lessons delivered worldwide, in less than two years," said Richard Lang, President and CEO of Democrasoft. "We think that a partner with a deep bench and more marketing muscle can do a lot, at this point in its development, to take Collaborize Classroom to the next level and make it the de facto standard for blended-learning worldwide. And, with the proceeds from a transaction, we will be able to properly exploit the natural evolution of our Collaborize platform, the WeJITTM."
Built on the same basic platform as Collaborize Classroom, Democrasoft is revolutionizing e-book and e-magazine publishing by enabling publishers and authors to seamlessly build into their works the ability to communicate directly with readers and to permit readers to communicate among themselves, taking reading and collaboration to a whole new level. Initial response has been enthusiastic, and publishers are have a substantial incentive to get on the WeJIT bandwagon to avoid being at a competitive disadvantage.
In addition to WeJITs, Democrasoft will continue to offer its Town Hall Online, Collaborize NPO and Collaborize Workplace products, which provide easy-to-use cloud-based collaboration capabilities to politicians and governments, non-profits and other organizations.
"We are on the leading edge of the collaboration tidal wave," said Lang. "As the use of the Internet matures, people are understanding that it is not there just to play games and read the news—the Internet is a foundation for meaningful communication and collaboration, which makes us all more efficient and effective. Our products are literally designed to put the power into WE"
About Democrasoft. Democrasoft, Inc. is an innovation and licensing company with a history of pioneering technology. It is the creator of the Collaborize platform and Collaborize Classroom (www.CollaborizeClassroom.com), the award-winning blended-learning platform for grades K-20. It is also the creator of WeJIT (http://www.mywejit.com), a new model for self-contained, topic-based online collaboration that stretches across various platforms and communities. Democrasoft is dedicated to facilitating a vision of online "social networking with purpose." For more information, please visit www.Democrasoft.com.
For further information about BTI, a unit of BTI Group (www.business-team.com), contact: BTI broker Joe Wilson at 415-797-8359.
Certain statements in this press release constitute "forward-looking statements.'' All statements other than statements of historical facts included in this press release, including those regarding our future financial position and results, business strategy, plans and objectives of management for future operations, including plans for marketing Collaborize Classroom, Inc., and statements about the prospects of WeJITs are forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Factors that could cause our actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, changes in the political, economic or regulatory conditions in the markets in which we operate, material disruptions in the education and publishing industries and other factors.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
SOURCE Democrasoft, Inc.