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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 Abitoon Mar 04, 2021 10:11am
198 Views
Post# 32714104

NEWS OUT

NEWS OUTwho is this company and how much is this worth to our company?

Venzee Technologies Begins Onboarding of One of North America's Largest Home Furnishing Manufacturers

Canada NewsWire

Mesh Connector™ deployment now underway to simplify content syndication for enterprise client with over 5,000 home furnishing products

CHICAGOMarch 4, 2021 /CNW/ - Venzee Technologies Inc. (TSXV: VENZ) ("Venzee" or the "Company") an AI-driven platform used for distribution of product information to any retailer globally, announces growing Mesh Connector™ sales and additional channel requests from one of North America's largest home furnishing manufacturers.

The client company is a well-known brand in the home improvement industry. It began its initial client onboarding process in early 2021 by testing two of more than 385 Venzee Mesh Connectors™ available for retail content distribution with plans to expand across its "Top 50" retailers by mid-year.

According to John Abrams, CEO of Venzee Technologies, "Our platform's ability to satisfy the complex product content distribution requirements for another global manufacturer underscores the value our globally available platform unlocks for large, complex, global brands."

Mr. Abrams noted, "This customer win is especially significant as it is a direct 'take away' from a market leader in the industry. It is a testament to the strength and value of our Mesh Connector™ solution and underscores our true differentiation in the marketplace."

Through new clients and deeper penetration across existing engagements, the Company anticipates it will be announcing, on a regular basis, additional sales of Mesh Connectors™ within brands and manufacturers who have deeply integrated Venzee's platform capabilities across their retail sales channel operations.

"Brands now understand that full-cycle content syndication should mean complete, automated, intelligent syndication, and not just providing a file export that is slow, costly, and does not convey the robust set of product attributes brands need to convey to remain consumer relevant," said Venzee Executive Vice President, Peter Montross.

Radically simpler than alternatives, Venzee's Mesh Connectors™ are system agnostic and infinitely scalable.

By streamlining and automating the syndication and distribution of product information across any retailer selling channel, Venzee's Mesh Connectors™ provide brands with a competitive edge that accelerates time to market and maximizes cost-effectiveness.

Mesh Connectors™ make the tedious process of setting up thousands of individual retail channels for a single product a thing of the past.

About Venzee Technologies, Inc.

Venzee (TSX-V VENZ) is a technology platform used by Global Brands to speed products to market and create competitive supply chain advantage. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost, intelligent platform solution.

We believe intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. At Venzee, we're building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.

Venzee's mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.

To learn more about the Venzee platform, visit venzee.com

On Behalf of the Board,

John Sexton Abrams
President and CEO
Venzee Technologies, Inc.
john@usevenzee.com
888-359-9299


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