Vancouver, British Columbia--(Newsfile Corp. - October 18, 2018) - MediaValet Inc. (TSXV: MVP), a leading provider of
cloud-based enterprise digital asset management (DAM) software, is proud to announce that its recently launched hybrid,
desktop-to-server-to-cloud, high performance application for creative teams, Creative SpacesTM (SPACESTM), is
receiving rave reviews and has proven to be an unparalleled value-add for MediaValet customers.
Figure 1: MediaValet's Hybrid Application, Creative Spaces, Hits the Mark with Creative Teams
To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/3817/40455_a1539848826718_51.jpg
Built with deep customer collaboration to address an overlooked area of the asset lifecycle, customer feedback has been
overwhelmingly positive; indicating that SPACES is successfully addressing the unique file management needs of creative teams
during the ideation and work-in-progress (WIP) stages. Historically, the unique needs of these stages have meant creative teams
have shunned cloud-based DAM systems, opting to work between local servers and their individual computers. This tendency has
hindered organizations' ability to effectively manage, track and secure critical, time intensive and investment heavy, stages of
the creative process.
"Creative Spaces allows us to fluidly express, mould and refine our concepts in a secure and redundant environment that's both
intuitive and highly responsive to the demanding needs of a multi-media content production team," stated John Edmonds, Director
Creative Services and Consumer Experience, The Little Potato Company.
Since announcing SPACES on May 3rd this year, 12% of
MediaValet's total billings have been driven by SPACES and 25% of all opportunities in the company's current sales pipeline include
SPACES in their list of features they intend to purchase. As an add-on module to MediaValet's core DAM offering, SPACES is
indicative of a more expansive use case that drives contract values for these opportunities 50 to 100% higher than average.
"We pride ourselves on listening to our customers, on being innovative and forward thinking, and to consistently deliver what we
envision," commented David MacLaren, founder and CEO of MediaValet. "SPACES was one of those "ah ha!" moments. We had heard a
similar pain point from many customers but the opportunity didn't become clear until one customer in particular voiced very
specific frustrations they experienced during the early stages of the creative process. Since beginning to work on SPACES, those
specific frustrations have resonated with Creative Directors, across a wide array of industries, all around the world."
Continued Mr. MacLaren, "SPACES attracts an entirely new customer set we didn't appeal to before, drives net new opportunities
with existing customers, and increases our win rate within our core market. We've only just begun with SPACES. The version we
launched in May is ideal for concentrated as well as globally distributed, high volume, creative teams handling primarily static
assets (such as catalogues, brochures, digital ads, etc.). Up next, a version for large video production teams that need fast,
reliable and highly visual access to extensive libraries of source assets while being able to reliably track, manage and secure the
ideation and WIP stages."
About MediaValet Inc.
MediaValet stands at the forefront of the
enterprise, cloud-based, digital asset management industry. Built exclusively on Microsoft Azure and available within 140
countries, across 54
Microsoft data center regions around the world, MediaValet delivers unparalleled enterprise class security, reliability,
redundancy and scalability while offering the largest global footprint of any DAM solution. In addition to providing all core DAM
capabilities and local desktop-to-cloud support for creative teams, MediaValet offers industry leading integrations into Slack,
Adobe Creative Suite, Microsoft Office 365, Oracle Marketing Cloud (Eloqua), Drupal 8, WordPress, Hootsuite and many other
best-in-class 3rd party applications.
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For further information, please contact:
David MacLaren
Tel: (604) 688-2321
david.maclaren@mediavalet.com
Babak Pedram
Tel: (416) 644-5081
babak.pedram@mediavalet.com
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
