Corporate Update Detailing Unprecedented Growth Vancouver, British Columbia--(Newsfile Corp. - October 21, 2021) - Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) (FSE: 0PV2) ("Moovly" or the "Company") is pleased to provide the following corporate update, which includes many unprecedented achievements.
Moovly CEO Brendon Grunewald said, "We took the decision earlier this year to focus on integration partner and indirect sales channel business development as well as multinational enterprise sales, and I'm glad we are seeing very positive results from these efforts. We have added sales and marketing people to our team who are skilled, efficient, and focused on accelerating our growth in these areas. We are also particularly encouraged by the fact that all of the larger deals Moovly won were in the context of a competitive bid process. To my mind, that says everything about Moovly's superior product offering."
Over the past fiscal year (October 1, 2020 - September 30, 2021) the business has executed its stated strategy and is pleased to provide the following fiscal year metrics, detailing this unprecedented growth.
Users and Usage:
- Total Registrations increased by over 15% to nearly 4 million;
- Videos produced increased by nearly 21% to over 4 million;
- 52% increase in use of Moovly's Gallery product allowing for showcasing of user videos;
- 34% growth in use of Vimeo; and
- 40 % growth in use of YouTube.
Enterprise and Education Sales:
- Number of enterprise corporate accounts increased by 58% (to the current total of 38). Each of these accounts has at least 5 Moovly users, with several having hundreds of users. Management anticipates continued growth in users within each of these corporate entities - adoption within the entity over time is a common phenomenon, witnessed previously with other Moovly clients.
- In September 2021, Moovly signed its largest enterprise purchase order in company history. This is a multi-year agreement, disclosure of the party is constrained by an NDA.
- Corporate clients are increasingly willing to pay for ancillary Moovly products such as Backoffice and other workflow features.
- Full deployment of Moovly at a university with more than 80,000 staff and students, opening the door to Moovly installations at other similar institutions.
Business Development, Partnerships, and Integrations:
- Reseller partnerships grew by 600% (currently 12)
- Revenue from partners increased by 520%
- Pipeline from partners: >$1M in potential deals for the coming fiscal year
- Increase of integrations by 227% (from 11 to 25)
- 52% growth in video integrations
- Increased traction within marketing agencies using the Automator to deliver cost-effective video solutions to clients, using Moovly as their preferred technology partner - rapid adoption of the Agency Group Subscriptions offering (929 groups vs 0)
Company:
- Capital Raised: CAD 5.3M
- Powerful addition to the Moovly sales and marketing head count, resulting in metrics as set out above, total Moovly team now 19.
Looking for more info.