MediaValet Selected by a Global Leader in Industrial Software
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2022) - MediaValet Inc. (TSX: MVP) (the Company), a leading provider of enterprise digital asset management, video content management and creative operations software, is pleased to announce that it was selected by a global leader in industrial software that optimizes engineering operations to drive growth and sustainability ("the Customer"). Commencing in September 2022, with first-year billings of $93,000, the auto-renewing subscription includes MediaValet's enterprise digital asset management ("DAM") platform; Audio/Video Intelligence ("AVI") engine; CDN Linking and Active Directory Single Sign-On modules; CreativeSPACES; and professional services covering implementation and ongoing training and support. In addition, one of MediaValet's integration partners, InterOperate, will be building custom SharePoint and Adobe Experience Manager integrations to increase the connectivity and reach of DAM across the Customer's technology stack.
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With $2 billion in annual revenue, the Customer is well-established and has an enviable customer list including many of the world's largest manufacturers. Having recently completed a number of acquisitions, the Customer sought to increase global collaboration and access to critical digital brand and engineering media assets to accelerate their integration under a single umbrella. The Customer also extensively uses Wrike for their marketing workflow, which made the MediaValet-Wrike connector a significant value-add in the decision to select MediaValet for their global DAM needs.
"We continue to be humbled by the number and complexity of organizations that select and rely on MediaValet every day to solve their critical digital asset management needs," commented David MacLaren, Founder and CEO of MediaValet. "This win reflects many of the hallmarks we are known for - innovative solutions such as AVI, enterprise use case capability, ease-of-use, flexibility and interoperability via one of the industry's best application programming interfaces (APIs). In addition, combining our Professional Services offering (announced September 15th, 2022) with services from partners, like InterOperate, is expanding the use and adoption of MediaValet within our customers."
Continued Mr. MacLaren, "Each quarter we add an exciting list of new MediaValet customers that reflect customers of all sizes, industries and geographies. The common thread is organizations that have enterprise use cases being driven by their digital optimization strategies. Typically, this means high-value, high-volume and high-velocity digital assets have become a key element of their digital go-to-market and operational strategies. As a result, despite the current macroeconomic environment, we continue to see strong demand for MediaValet's solutions from both existing and new customers. In addition to wins such as this one, we've also just completed our second multi-year prepaid renewal with one of our top 10 customers and are expecting net retention of 100% for our fourth quarter in a row. I couldn't be prouder of our expanded operational team as they continue to put the customer first and to execute with precision on our balanced growth plan."
About MediaValet Inc.
MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise digital asset management, video content management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center regions in 140 countries around the world, MediaValet delivers unparalleled enterprise-class security, reliability, redundancy, compliance, and scalability; while offering the largest global footprint of any DAM solution. In addition to providing enterprise, cloud-native DAM capabilities at a global scale, desktop-to-server-to-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, Wrike, Drupal, WordPress and many other best-in-class 3rd party applications.
For further information, please contact:
Tel: (604) 688-2321
Tel: (416) 644-5081
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