Highlights include 40% subscriber growth, negligible customer churn and a renewed focus on mid-market customers.

OTTAWA, CANADA, October 22, 2014 /EINPresswire.com/ -- Versature Corp., a private company and provider of cloud-based hosted phone services for businesses across Canada, today announced operating results for the fiscal year ended September 30, 2014.

Fiscal 2014 Financial Highlights:

Total subscribers increased by 40% year-over-year.
Channel sales comprised a record 24% of new monthly recurring revenue.
Gross margin for fiscal 2014 was 71%, unchanged from fiscal 2013.
Industry leading subscriber churn of less than 1% / month (0.25% to be exact).

Fiscal 2014 Business Highlights:

TRUST initiative is implemented in order to provide operational transparency.
Vancouver Point of Presence (POP) opened to better service our west-coast clients.
Release of Sonar, our self-service portal for customer configuration changes.
Creation of our Explainer Video which highlights Versature’s hosted service offering.
Release of Versature Scribe voicemail transcription service.
Release of Salesforce Click-to-Dial plug-in.
>1% of our capacity provided at a reduced rate or at no charge to Charitable / Nonprofit organizations.

“Versature posted another record year of profitable growth, with a 40% increase in monthly subscribers, record new revenue from our channel, and industry-leading low churn numbers,” said Versature CEO Paul Emond. “Our focus on penetrating the mid-market with our cloud-based telephony solutions is definitely paying dividends, evidenced by our strong subscriber growth numbers and high profile account wins.”

“Versature is well positioned for future growth,” concluded Emond. “Our intention is to continue to push the envelope with respect to Cloud-based communications, specifically in computer-telephony integration, with a number of skunkworks development projects in the hopper that will be released over the next few quarters.”

About Versature Corp.

Versature is re-imagining and re-engineering phone service for business. Our Cloud-based Hosted PBX solution is solving real business problems, empowering companies with innovative communication solutions, and providing business owners insight into their business operations.

To learn more about Versature, please visit http://www.versature.com, check out the blog at http://inside.versature.com or connect with Versature on Google+, Facebook, LinkedIn or Twitter.

Paul Emond, CEO
Versature Corp.
877-498-3772 x104
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