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nDivision Inc. (OTCQB:NDVN) appointed Lane Sorgen as Chief Revenue Officer, effective September 1, 2020. Sorgen, with extensive experience at Microsoft, will enhance nDivision's growth strategy. CEO Alan Hixon emphasized Sorgen's sales leadership as crucial for driving exponential growth. nDivision specializes in using digital labor to optimize costs and improve service levels, already supporting approximately 100 customers globally. The company aims to automate 60%-80% of incidents within its first year of service.
nDivision (OTCQB: NDVN) reported strong financial results for the six months ending June 30, 2020, highlighting 11.6% revenue growth year-over-year, totaling $3.17 million. The company achieved a 30% reduction in net losses, amounting to $353,129, and 67% improvement in EBITDA. Operating expenses decreased by 3%, while cash reserves stood at $1.75 million. Despite challenges from the Coronavirus pandemic, nDivision remains optimistic, noting new business wins and ongoing progress in adopting advanced platforms from IPsoft.