HeartCore Expands its CMS Platform Offering into a SaaS Delivery Model

NEW YORK and TOKYO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced it has expanded its flagship CMS platform to include a Software as a Service (“SaaS”) model, in addition to its legacy on-premises version.

As part of this transition, HeartCore will leverage the Amazon Web Services (“AWS”) infrastructure and collaborate with the AWS team to enhance the product’s foundational capabilities. This includes a redesigned user interface and a comprehensive overhaul of the Management Screen Builder to enhance accessibility and allow users to update and manage multiple sites seamlessly, eliminating the need for specialized developer skills. HeartCore will expand its target audience to include businesses that require CMS solutions delivered through a SaaS model, a segment previously beyond reach. Alongside its recent strategic shift towards multi-year software licensing agreements, the SaaS model aims to further diversify revenue streams by increasing recurring sales through license subscriptions and maintenance fees. The Company projects 115% sales growth across its software business as a result of this new transition. HeartCore intends to grow both its SaaS offering in addition to its legacy on-premises version.

“To further drive the ongoing efforts to optimize our financial performance, we have strategically added the SaaS model as an option for our clients to use our flagship CMS platform,” said HeartCore CEO Sumitaka Kanno. “This shift complements our recent move towards multi-year licensing agreements and aims to introduce a predictable stream of sticky, recurring revenue from a new pool of companies. With many businesses now seeking CMS solutions delivered in a SaaS model, this transition will support our sales and marketing team to expand their reach, capture additional contracts, and drive stable growth in the coming quarters ahead.”