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MediaValet Inc (2)
Symbol MVP
Shares Issued 40,826,455
Close 2023-11-03 C$ 1.18
Market Cap C$ 48,175,217
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MediaValet provides DAM to national sporting group

2023-11-06 10:29 ET - News Release

Mr. Rob Chase reports

MEDIAVALET SELECTED BY A NATIONAL SPORTING ASSOCIATION

MediaValet Inc.'s digital asset management has been selected by a national governing body for a professional sport association. Commencing in November, 2023, with prepaid first-year billings of $115,000, the two-year annually paid subscription includes the MV DAM platform; audio/visual intelligence (AVI) engine; CDN (content delivery network) linking; branded portals; CI-Hub connector; API (application programming interface) access for custom integrations; implementation services; and continuing training and support.

With its sport newly added to the Olympics, the client relies heavily on its DAM to facilitate a digital content strategy that is visually representative of its exciting and growing sport and community. To do so, in addition to being excellent at image file types, its DAM needs to have best-in-class support for rich video assets. The client was unable to solve this need with its incumbent DAM vendor, and after completing its diligence, selected MediaValet to be its new DAM of record moving forward.

"We're excited to be off to a good start for our fourth quarter with being selected to support this dynamic and growing sporting community," commented Rob Chase, president and chief executive officer of MediaValet. "We've unseated a competitor largely due to our capability to manage video of the highest definition, including up to 8K, and to the power of our AVI engine. AVI is part of our AI suite, and enriches video metadata with faces, objects and colours, and provides full transcription and translation, complete with tagging to the exact moment in the video. This makes videos searchable in numerous ways -- from face recognition to words and phrases, to colours and more. With AVI, our customers can pinpoint the exact moments they want to share and use to build their brands and communities. We look forward to helping our new client succeed in representing and building their sporting community to its fullest potential."

About MediaValet Inc.

MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise digital asset management, video content management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data centre regions in 140 countries around the world, MediaValet delivers unparalleled enterprise-class security, reliability, redundancy, compliance and scalability, while offering the largest global footprint of any DAM solution. In addition to providing enterprise, cloud-native DAM capabilities at a global scale, desktop-to-server-to-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP (work-in-progress) and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, Wrike, Drupal, WordPress and many other best-in-class third party applications.

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