URBANIMMERSIVE SEES 1057% TRANSACTION GROWTH ON ITS MKTPLACE
Urbanimmersive talks Centris transaction growth
2017-05-04 14:18 ET - News Release
Mr. Ghislain Lemire reports
URBANIMMERSIVE SEES 1057% TRANSACTION GROWTH ON ITS REAL ESTATE VISUAL CONTENT MARKETPLACE SINCE LAUNCH ON MARCH 27TH
The number of transactions on Urbanimmersive Inc.'s visual content marketplace grew by 1,057 per cent from the beginning of April to the end of the month. Increasing adoption of the company's visual content marketplace, white-labelled Centris marketplace, is the key driver of this momentum.
During the first week of the marketplace's launch, in April, 2017, seven orders were performed compared with 81 orders during the final week. The average order over the month had a value of $71 per transaction. The marketplace enables real estate agents to find, book and pay on-line trusted visual content providers. On top of being a marketplace of trusted providers, it is also a productivity tool for real estate agents and photographers.
"We are thrilled to share some early data regarding the success of our real estate visual content marketplace, which is disrupting the industry," stated Ghislain Lemire, chief executive officer of Urbanimmersive. "One of the most important tests when launching a transformative platform such as ours is to see if customers will adopt it and at what rate. In that regard, we are pleased to report the traction since officially launching last month. Despite a very small data set, we believe the statistics show growth adoption trend of our solution in the market, which is the most critical element for us right now.".
During the month of April, 641 real estate agents in Centris's network of more than 14,000 have opened accounts on the new platform, and also 46 photographers have subscribed to date. More importantly, 25 per cent of real estate agents have already performed more than a single order on the platform since its launch.
Mr. Lemire explained: "Repeat business is a hallmark of technology adoption. It shows that users trying the platform are having a frictionless experience and therefore returning to do more business. This is key to our success, and we are highly encouraged by the results so far."
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