October 30, 2018
Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”), and Mobius Knowledge Services are pleased to announce the completion of strategic enterprise partnership agreement where Mobius will integrate Venzee Mesh API into their Product Information Management (“PIMworks”) platform for Venzee to upload accurate, relevant product content to various retailers their clients use for product distribution.
Mobius is a trusted data solutions partner to 50+ Forbes 2000 companies, offering data enrichment, data aggregation, online retail services such as product cataloging, minimum advertised price (“MAP”) monitoring and products such as ProductiWise and PIMworks. Mobius delivers over 62M records a month for their customers across 12 industries globally.
The partnership delivers value added services to the Mobius platform allowing a revenue share from the Mobius clients that use Venzee’s Mesh technology.
Karthik Karunakaran (KK), CEO of Mobius stated, “We are proud to be bringing our clients this highly innovative last mile solution to deliver rich, accurate consumer relevant content to their retailers without the need for manual input. It has immediate ROI and helps solve a pain point for many manufacturers and distributors around the world in the rapidly changing e-commerce world.”
Peter Mackay, President and CEO stated, “This is the beginning of what we feel is a very exciting partnership. Mobius is a highly respected technology provider for many Fortune 2000 companies around the world. Venzee completes their already robust solution by delivering their highly organized, collated, meticulously curated, and stored data to the retailers their customers connect with around the world.”
This is the third partnership that Venzee has executed, and the progression from the LOI previously announced earlier this year, with well respected technology partners around the world further validating the value of Venzee’s IP and its channel partner strategy.
On Behalf of the Board,
Peter Mackay, President and CEO
Investor Relations, Kin Communications Inc.
Venzee is a data transformation platform that can seamlessly integrate the world’s largest retailers with their suppliers, bringing products to market faster than ever before. Our API replaces manual data entry, resulting in a digital supply chain that increases margins and accelerates revenue. Venzee is leveraging its technology to partner with established supply chain leaders to deliver a real time solution to a global audience.
Venzee operates as a Software as a Services (SaaS), allowing flexibility for enterprise customers of all sizes wishing to improve their digital supply chain solutions.
To learn more about Venzee, visit https://venzee.com/
Mobius is a data and technology solutions company that helps businesses discover valuable insights from the web and the complex world of unstructured data.
Having served giants across varied industries for over 15 years, Mobius has seen how the ever-expanding internet data has been of tremendous use in terms of competitive advantage, customer relationships, and strategic decision making for a score of businesses. Mobius handles such large-scale mining of voluminous unstructured data through intelligent automation involving fine-tuned machine learning models, NLP techniques, and AI solutions managed and trained by the unmatched pool of people talent at Mobius.
For more information on Mobius, visit https://www.mobiusservices.com/
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 and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2017 and its latest annual information form filed August 29, 2018, which are 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.
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