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Venzee Technologies Inc V.VENZ

Alternate Symbol(s):  VENZF

Venzee Technologies Inc. (Venzee) operates as an artificial intelligence platform for the transfer of product data between brands and retailers. The Company develops and markets a cloud-based platform that is used by various suppliers and manufacturers from a range of industries to share their product information and inventory updates, in real-time, with their retailers. The Venzee platform allows for transfer of data to a range of retail channels. The Company allows customers to select any number of retail channels from its site to start using Venzee's Mesh Connector platform. It integrates with any content management provider. Venzee offers syndication capabilities that provide enhanced data governance, master data management abilities, and content organization. Venzee's subsidiaries include Venzee Inc. and Venzee Technologies Canada Inc.


TSXV:VENZ - Post by User

Post by SpauldingSmailson Oct 21, 2021 9:37am
189 Views
Post# 34031927

News Out

News Outhttps://investors.venzee.com/2021-10-21-Venzee-Signs-New-Upfront-Revenue-Based-Contract-with-Enterprise-Solution-Provider

"According to Joel Carstedt, Senior Director of Sales at Venzee, "The speed at which we are able to activate numerous Mesh Connectors™ under this agreement validates Venzee's intelligent technology as a critical last mile component in the digital supply chain, opening additional growth opportunity and significant revenue scale for Venzee."

Additionally, the Company discloses it is in advanced contract negotiations with two additional content service providers, which, if secured — with immediate Initial Onboarding commitments — suggest a combined sales opportunity well in excess of the Company's 2022 ambitious revenue goals. There is no certainty that these partnerships will close.

The announced contract unlocks massive revenue scale with the total opportunity identified in excess of Venzee's previously announced 2022 Mesh Connector™ sales goal of 13,000."


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