Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”), is pleased to announce that it has reinforced its API (application programming interface) technology, Mesh, for content distribution, in anticipation of impending client partnerships. The Mesh API enables data to flow seamlessly across disparate systems for any database, in any industry, across any system limitation, enabling digitized data aggregation and distribution and automatic transformation of data to meet endpoint requirements. Mesh’s seamless data exchange capabilities are particularly fitting for enterprise digital supply chain and answers the space’s growing product data challenges. Mesh API provides enhanced product content exchange and distribution by enabling the full digitization of product content distribution from brands, manufacturers, and other suppliers out to the many retailers that sell their products.
Many organizations struggle with the large amount of data that is produced and processed daily through distribution and brand partnerships. Users spend a large portion of their time browsing retail options, which is created and stored in different types of systems, such as Product Information Management (PIM), Content Management System (CMS), Digital Asset Management (DAM), Enterprise Resource Management (ERM), and Master Data Management (MDM) and many more. The attempts from organizations to migrate content to one central system often turn out to be impractical and very expensive. Organization are, therefore, looking for content integration and real-time retrieval of data from multiple sources. Mesh addresses this integration need.
Mesh leverages Venzee’s current software offering by adding key capabilities designed to meet the demands of the Company’s growing number of partner engagements with industry leaders. This API will allow these partners to connect their software offering to the distribution capabilities within Venzee’s current software offering.
Peter Mackay, CEO of Venzee, commented, “Partners integrating with Mesh furthers our mission to create seamless data automation. Speed to market is critical for retail and supply chain, and with Mesh, an everyday PIM or ERP solution can easily plug in.” Mackay continued, “We now 30 potential channel partners evaluating the Mesh API, which can lead to greatly increased revenue growth and market share for Venzee.”
The patent pending Mesh API is an industry first and designed to be future proof by including support for Blockchain technology, which is seeing increasing adoption by industry leaders including Walmart, IBM, Barclays Bank to name a few. Venzee will provide developers with technical documentation, sample source code and reference guides, to create seamless access to retailers and brands.
Channel Partner Update
Venzee’s channel partners are primarily technology-focused companies and global system integrators, such PIMs, CMSs, DAMs, ERMs, and MDMs, which benefit by providing Venzee’s solutions to their current and future customers.
Channel partners significantly expand the Company’s ability to introduce, educate and sell Venzee content exchange products across multiple retail, distribution and manufacturing clients.
Venzee’s targeted channel partners act as a marketing and sales force multiplier validating and endorsing the Venzee platform while promoting the Venzee value proposition across a significant customer base.
The Venzee platform complements the majority of content management systems used today by mid-market and larger retail, distribution and manufacturing companies. The Venzee platform provides any content management system with scalable, reliable and efficient content ingestion and distribution capabilities.
Venzee is currently in advanced discussion with more than 30 potential enterprise channel partners, of which 2 have signed strategic agreements. Many of these potential partners have a strong market share in their respective verticals in North America.
About Venzee
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/
Investor Relations
Caleb Jeffries
Investor Relations, Kin Communications Inc.
1-866-684-6730
VENZ@kincommunications.com
Forward-Looking Information
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, the entering into of agreements with channel partners, the features and use of Mesh, and the future performance of the Company. 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, 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
