Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”) is pleased to announce that the award-winning interior design firm and nationwide home decor e-retailer, Venue, has selected Venzee to automate the process of adding and updating products sold on venueathome.com.
The Venue store is powered by Shopify, a product that is supported with the use of Autopilot, Venzee’s artificial intelligence software. Venzee transforms product information from suppliers and manufacturers into the requirements of retailers, a labor intensive and costly process that the retail industry still performs using spreadsheets.
Jackie Lopey, CEO of Venue commented, “Venzee has allowed us to leverage our vendor relationships and sell to a nationwide audience with almost 50,000 products online. Plus, we’ve streamlined our back-office operations. Venzee is the missing link between messy vendor data and a professional, organized online catalog. We tried other software, but they didn’t have the power or flexibility that Venzee offers.”
Kate Hiscox, Founder and President of Venzee, added, “We are delighted to be working with an award winning interior design firm. Venue is in the process of adopting the Autopilot feature of our platform to increase their return on investment, and obtain a higher efficiency in their business using our software. This continues to demonstrate Venzee is relevant to all industries across the world that want to deliver error free product information to their distribution channels.”
Venzee provides high value customized SaaS (software-as-a-service) solutions to mid-market and tier-1 enterprise clients around the world. Additionally, it accommodates the budgets of up and coming retailers hosted on platforms like Shopify, with pricing starting from US$49 per month.
According to Statista, in 2016, the global e-commerce industry achieved estimated US$1.8 trillion dollars in sales, and is expected to grow to US$4.5 trillion by 2021. As e-commerce sales continue to grow at staggering rates, the need for better delivery of product information for businesses is now solved with the Venzee software solution.
Winner of the Houzz Best of 2017 & 2018 Award for Customer Service, Venue specializes in home remodels and top-to-bottom makeovers. Situated in California, Venue aims to bring the dream home to the customer, without the hassles and headache that usually go along with remodeling. For more information on Venue, please visit https://www.venueathome.com.
Venzee is a SaaS company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was done using spreadsheets which created a labor-intensive process that delayed products from reaching the marketplace. Venzee’s technology, leveraging artificial intelligence to streamline product information management, allows thousands of vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. The Company graduated from notable startup accelerator program 500 Startups and is already powering some of the biggest brands in the world.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the execution of the Company’s growth strategy. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors” in the Company’s filing statement dated December 12, 2017, which is available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
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