Source: MediaValet
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  • MediaValet (MVP) has announced a $120,000 expansion under the master services agreement with one of its largest customers
  • The customer has now more than doubled its original annual recurring license to $774,000
  • This is the fourth expansion from the customer since choosing MediaValet as its service provider in 2019
  • MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise digital asset management and creative operations industries
  • Shares in MediaValet Inc. (MVP) are up 3.08 per cent, trading at $2.01 per share

MediaValet (MVP) has announced a $120,000 expansion under the master services agreement with one of its largest customers.

The customer has now more than doubled its original annual recurring license to $774,000.

This is the fourth expansion from the customer, one of the world’s leading media and entertainment companies, since choosing MediaValet as its service provider in 2019.

According to MediaValet, the customer’s original vision was to implement a digital asset management (DAM) software capable of centralizing its digital media in a highly secure, redundant, and accessible global platform.

This represents a shift from the customer’s initial approach of decentralized and siloed management of its assets.

“We believe this expansion, along with the other three since 2019, speaks volumes of our success in delivering an enterprise-class cloud DAM solution that meets the demanding and ongoing requirements of an enterprise organization of the scale and worldwide presence that puts it in the top ten of global media companies,” said MediaValet founder and CEO David MacLaren.

“Simply put,” added Mr. MacLaren, “we win by helping our customers win, and winning with a customer of this size is highly impactful across our business.

“Announcements like today’s reinforce that our vision and strategy are working.”

MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise digital asset 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.

Shares in MediaValet Inc. (MVP) are up 3.08 per cent, trading at $2.01 per share as of 10:49 am EST.

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