- MediaValet (MVP) has signed a subscription agreement with a well-known global consumer skincare company
- With the first-year billings of $133,000, the auto-renewing subscription includes MediaValet’s enterprise digital asset management platform and more
- The customer has built an exciting global brand and has been a high-performer on the Inc. 5000 Fastest Growing Companies list
- Their award-winning and science-based consumer products are backed by over 35 years of research and nearly 100 global patents
- In addition to providing enterprise, cloud-native DAM capabilities at a global scale, MediaValet offers desktop-to-server-to-cloud support for creative teams
- MediaValet Inc. (MVP) is down 0.53 per cent, trading at C$1.87 at 12:18 pm ET
MediaValet (MVP) has signed a subscription agreement with a well-known global developer, manufacturer and distributor of pharmaceutical and skincare products.
With the first-year billings of $133,000, the auto-renewing subscription includes MediaValet’s enterprise digital asset management platform; Audio/Video Intelligence engine; Salesforce and monday.com integrations; Active Directory single sign-on module; and professional services covering implementation, library management and ongoing training and support.
The customer has built an exciting global brand and has been a consistent high-performer on the Inc. 5000 Fastest Growing Companies list every year for nearly the last decade.
The company’s award-winning and science-based consumer products are backed by over 35 years of research and nearly 100 global patents.
Organizations are increasingly relying on consistently branded digital content to reach their customers and to continue attaining their growth objectives.
At the same time, given the scientific nature of their products, they need to ensure that their high-value content – from designs to patents, scientific papers to clinical studies, and product information to educational videos – is secure yet accessible at all times.
With the increasing requirement to be a digital-first organization and the proliferation of content to support this initiative, the customer needed to replace their legacy digital asset management system with a solution that is capable of meeting their rapidly expanding and increasingly mission-critical needs.
After an extensive formal review process, the customer selected MediaValet as their DAM of the future.
“We’re proud that our innovative and cutting-edge enterprise DAM offering is resonating with global organizations who have realized that content is now a mission-critical element of their current and future success,” commented David MacLaren, Founder and CEO of MediaValet.
“The majority of the growth in the DAM market that we’re seeing is from greenfield customers, however, we also believe that pressure is building on legacy vendors, as many are not designed to deal with the mission-critical digital content needs of today’s digital-first organizations,” added MacLaren.
Added Dave Miller, CFO, “We couldn’t be happier to see 2022 off to the fastest start of any fiscal year to date. This is the fourth large new customer win in Q1’22 and is unprecedented for a first quarter, which is normally our seasonally slowest for net new ARR.”
“Some of this is likely due to pent-up demand starting to release from the last two pandemic-affected years; however, the work environment – and the demands it puts on organizations – has also changed significantly since March 2020,” added Miller.
MediaValet is part of the cloud-native, software-as-a-service, enterprise digital asset management and creative operations industry.
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, Workfront, Wrike, Drupal, WordPress and many other best-in-class third-party applications.
MediaValet Inc. (MVP) is down 0.53 per cent, trading at C$1.87 at 12:18 pm ET.
