News Releases MediaValet Selected by Major European Services Company We've been selected by a major European-based energy and natural resource services company with global operations. October 29, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – October 29th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management and creative operations software, announces that MediaValet has been selected by a major European-based energy and natural resource services company with global operations (the “Customer”). Commencing September 30th, 2020, the initial $93,000 contract includes an annual subscription (“Subscription”) for MediaValet’s enterprise digital asset management platform, Azure Active Directory integration, and professional services covering implementation, training and support.Targeting diverse geographical markets with consistent branding and messaging is a challenge faced by all multinational organizations. With a 140-member communications team, the Customer was seeking to strengthen and grow their brand identity across 30,000 employees spanning five global regions. While the Customer has grown to over $10 Billion in revenue over the past 60 years without a digital asset management system, it was clear to the communications team that it was time to leverage technology to continue thriving into the future. After evaluating seven digital asset management solutions of various levels, the Customer selected MediaValet based on its industry-leading platform security, compliance, redundancy, scalability and global footprint, as well as core enterprise features, including its advanced artificial intelligence (AI) services.“At scale, and across multiple regions, tasks like asset discovery and sharing, version control, and rights management are extremely challenging,” commented David MacLaren, Founder and CEO of MediaValet. “Our goal is to help our customers quickly address these issues and then tackle bigger issues that can drive even more productivity and market gains across their entire business ecosystem.”MacLaren continued, “Today’s win is a testament to the resilience of regional and global economies. Although these are difficult times, organizations are still doing everything they can to meet the needs of their customers and to drive their businesses forward. No matter the industry – travel, manufacturing, entertainment – we’re seeing companies of all sizes take this time to double down on their systems and processes, ensuring they come out better positioned than when 2020 started. We’re extremely proud to be part of this process and the future of our customers.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 all core enterprise DAM capabilities, local desktop-to-server-to-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Launches CreativeSPACES™ Remote Edition – The Future of Creative Workflow Management We've announced the launch of CreativeSPACES™ (SPACES™) Remote Edition. October 20, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – October 20th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet”), a leading provider of enterprise digital asset management and creative operations software, today announces the launch of CreativeSPACES (SPACES) Remote Edition. SPACES Remote combines the speed of creating locally on a desktop with the resource accessibility, search, security, redundancy, and business continuity benefits of the cloud. The announcement was made during Adobe MAX – The Creativity Conference, happening October 20-22, 2020.With many of us working from home today, safe, secure, reliable, and fast remote access to corporate assets and working files is more important than ever. SPACES Remote helps creative teams thrive – remotely – by organizing, synchronizing and backing up all source, work-in-progress (WIP) and final assets, by creative and project, with the cloud – 24/7 – without interrupting or slowing the creative process.SPACES Remote connects the cloud with creatives’ local desktops, enabling them to safely create and link assets throughout the creative lifecycle. It provides ongoing visibility into all files associated with each creative project – from the desktop app as well as the cloud. As an added bonus, creatives gain access to advanced search, AI and preview features from their desktop to better find and preview high resolution, approved, on-brand corporate assets. It’s the perfect combination, enabling large, high-volume creative teams to securely track and manage their creative files throughout the entire creative process – from ideation onwards.“Today’s rapidly evolving work environment has forever altered the way that creative teams work – and how their organizations need to support them,” stated David MacLaren, founder and CEO of MediaValet. “Thanks to the close relationships that we have with our customers, we’ve been exposed to the intricate file management challenges faced by large, high volume creative teams. We’re proud to have found an elegant solution to these long-standing challenges and look forward to helping other organizations and creative agencies increase the productivity, visibility and continuity of their entire creative process.”About Adobe MAXAdobe MAX is an immersive, engaging digital experience that brings together the world’s most creative minds, industry luminaries, celebrities and musicians. MAX 2020 keynote speakers and presenters include Academy Award-winning filmmaker Ava DuVernay, director Taika Waititi, leading actor Gwyneth Paltrow, renowned photographer Annie Leibovitz, and recording artist Tyler, the Creator. Attendees will find inspiration in the 350+ live and on-demand sessions spanning 56 hours of free content across 10 tracks, which will include the much-loved Max Sneaks, a preview of technology innovation brewing in Adobe Research. Attendees will be able to connect with speakers and Adobe product experts in live chats, and a collaborative art project will build community with participants from around the world.About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 all core enterprise DAM capabilities, local desktop-to-server-to-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Selected by Major European Entertainment Company We've been selected by a major European entertainment company specializing in live event gaming. October 14, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – October 14th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that MediaValet has been selected by a major European entertainment company specializing in live event gaming (the “Customer”). Commencing September 29th, 2020, the initial $90,000 contract includes an annual subscription (“Subscription”) for MediaValet’s enterprise DAM solution and 200 seats of CreativeSPACES, along with Wrike and Azure Active Directory integrations, and professional services covering implementation, training and support.The Customer’s buying process was led by its creative operations team, who were in the process of replacing their incumbent creative workflow and DAM solutions in order to improve the productivity and business continuity of their creative process. As a global B2C gaming company with a large, widely distributed subscriber base, it’s mission-critical for their systems to support the high-volume, diverse creative output of their widespread creative operations. MediaValet’s high user experience ratings, enterprise capability, European data center coverage, deep integration with Wrike, and unique CreativeSPACES offering, all factored into the Customer’s decision.“This is another exciting addition to our growing list of entertainment customers,” commented David MacLaren, Founder and CEO of MediaValet. “This win continues to highlight the unique value proposition that we deliver to large, global, entertainment organizations with complex, high-volume, distributed creative and marketing operations. We’re excited to see the momentum building in this space as we continue to expand our enterprise video and AI capabilities and double down on CreativeSPACES. We look forward to announcing several additional exciting developments in these areas in the months to come.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 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 and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Selected by Major North American Video Streaming Company We've been selected by another global entertainment company specializing in the streaming of video content. September 15, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – September 15th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that MediaValet has been selected by another global entertainment company specializing in the streaming of video content (the “Client”). Commencing September 1, 2020, the initial $77,000 contract includes an annual subscription (“Subscription”) for MediaValet’s enterprise DAM solution, along with professional services covering implementation, training and support.The Client licenses, distributes and publishes streaming video content to tens of millions of subscribers worldwide. Already a user of DAM, the Client sought to find a vendor that could better integrate within their rapidly evolving marketing stack and support their extensive digital media requirements. As a popular global video streaming company, they required a DAM that could easily, securely and reliably support their current and projected volume and distribution of high-value rich media marketing assets across multiple channels. MediaValet was selected over their incumbent DAM vendor for its proven ability to meet the needs of large, multi-national entertainment organizations with millions of high-definition assets and global markets. MediaValet’s unrivalled capacity; elastic scalability; unlimited user and support model; unique AI, machine learning and creative operations offerings; deep integration with Wrike; and decade-long culture of innovation were key to the decision.“As many of us are fans of the streaming service, we’re extremely happy to have been selected to help them level up their marketing and IT stack,” commented David MacLaren, Founder and CEO of MediaValet. “This marks the third major media conglomerate that we’ve signed up in the last 12 months. That companies within these global groups have chosen to put their high-value assets and trust in MediaValet, is a humbling vote of confidence and testament to our approach to DAM and innovation, our go-to-market strategy, and our unrivalled service and support. Clearly our product strategy is resonating with global media and advertising companies, as this industry has grown 3-fold in the last year and now comprises more than 17% of our annual recurring revenue.”Mr. MacLaren continued, “This is also another exciting win for our Channel team, as it was generated through our partnership with Wrike, who provides an essential cloud-based workflow system for marketers. While a majority of our business is currently generated via our direct go-to-market initiatives, we believe that augmenting these efforts with targeted, strategic partnerships will accelerate our growth by expanding our target market and increasing the value we deliver to customers. We’re excited by our success with partners like Wrike and are committed to the long-term success of our channel partnerships.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 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 and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Ranks #68 on the SaaS 1000 List of the Fastest-Growing SaaS Companies SaaS Mag, the world's premier SaaS publication, has ranked MediaValet as #68 on the 2020 SaaS 1000 list. August 13, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – August 13th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that SaaS Mag, the world’s premier SaaS publication, has ranked MediaValet as #68 on the 2020 SaaS 1000 list of the fastest-growing SaaS companies in the world.SaaS Mag debuted their list of the top 1000 SaaS companies in 2018. Their signature list is the definitive ranking, based on a proprietary algorithm, of the fastest-growing software-as-a-service companies from around the world – from large enterprises to smaller startups – and shows how they rate against the competition.Just last year, SaaS Mag ranked MediaValet #341 on the 2019 SaaS 1000 List. Complete results of the 2020 SaaS 1000 list can be found here.“We’re incredibly excited to be recognized as the 68th fastest growing software-as-a-service company by SaaS Mag in 2020,” stated David MacLaren, founder and CEO of MediaValet. “Thanks to the hard work and dedication of our team, we’ve seen our business accelerate considerably over the last few years – and we see no end in sight. I also want to thank all of our partners, customers, and shareholders for enabling this to happen.”MacLaren continued, “As organizations around the world tackle the transition to a work-from-anywhere digital workplace, factors such as accessibility, reliability, and security have become critical factors in the technology selection process. We’re proud to deliver a best in class solution in all of these areas, along with unlimited support and training, during these challenging times and beyond.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 all core enterprise DAM capabilities, local desktop-to-server-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Selected by North American Entertainment Company We've been selected by another global entertainment company. August 11, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – August 11th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that MediaValet’s DAM has been selected by another global entertainment company (the “Client”). The $225,000 contract includes an annual subscription (“Subscription”) commencing June 30, 2020 for enterprise core DAM, connectors for Microsoft Azure Active Directory and Adobe Creative Cloud, and professional services covering implementation, training and support.The Client creates media content across multiple channels, from TV through to subscription applications, on over 14 different platforms in nearly 50 countries. With over 400 employees worldwide creating exciting new content and marketing materials, the need to effectively and efficiently enable their digital strategy became a significant pain point. The Client had previously attempted to solve for this need using a leader in cloud-based file management; however, the complexity and importance of their digital media strategy was far too great to manage without the specific capability of a secure, enterprise-class cloud DAM. This led to a request for proposal, and, ultimately, to the selection of MediaValet as a result of our best-in-class service and support, ease of use, enterprise-class security, global footprint, infinite scalability, and integrations with Microsoft and Wrike.“We are honored to have been selected and excited to work with this growing entertainment business,” commented David MacLaren, Founder and CEO of MediaValet. “Our mission is to create the most innovative DAM solution through deep customer collaboration and internal innovation; and to provide unrivalled service, support, security, compliance and reliability. Being awarded contracts like this is a testament to our go-to-market strategy and has led to a 20% increase in our average ARR per customer in H1 2020 versus H1 2019, and we’re just getting started.”Mr. MacLaren continued, “Enterprise-class cloud DAM is increasingly becoming a must-have for large regional and global organizations in today’s digital world; a trend we see strengthening with the rapid shift to a work-from-anywhere digital workplace. We believe our ongoing investments in our team and our infrastructure will enable us to further cement our status as a leader in enterprise DAM and continue to grow our market share. With funding in place to continue our mission, we’re well-positioned to emerge from the current economic downturn larger than when it began and with more momentum.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data center 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 all core enterprise DAM capabilities, local desktop-to-server-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress and many other best-in-class 3rd party applications.
News Releases MediaValet Announces Existing Customer Expansion Expansion among existing customers continues to be strong in the first quarter of fiscal 2020. March 19, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – March 19th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that expansion amongst its existing customers continues to be strong in its first quarter of fiscal 2020. Effective March 15, 2020, one of the Company’s largest customers has expanded their DAM initiative to support additional libraries of high-value media assets throughout their business, increasing their annual license by more than $190,000.“As our services continue to mature and we increase the number of use-cases that we address, we’re seeing our existing customer base expand their use of MediaValet across their organizations,” commented David MacLaren, Founder and CEO of MediaValet. “For many of our customers today, we’ve moved away from marketing to become a fundamental component of their IT infrastructure; and we’re extremely proud to be one of the critical solutions they’re relying on to support their teams as they move to working remotely for the next few months. In the past couple of years, DAM has been steadily moving up the priority stack as today’s organizations rely more and more on digital media to conduct their business. In light of recent events, we believe the value of a Cloud DAM is becoming more apparent as organizations transition to work-from-home and virtual work environments. We expect that as we continue to provide uninterrupted and essential Cloud DAM services for our customers, expansions like the one announced today will have us well-positioned to deliver another year of net retention above 100%.”Continued Mr. MacLaren, “We are committed to ensuring our customers continue to receive the high level of support and service for which we are known. Being built exclusively on Microsoft’s Azure Cloud Platform has enabled us to continue to provide uninterrupted services to our customers while rapidly implementing our work-from-home business continuity plan. Over the last two weeks, we’ve implemented this plan without any interruption in our operations. During these uncertain times, we’re grateful to have planned well ahead for a variety of potential disasters, for a strong balance sheet and healthy recurring revenue base, and for a product and team that will help our customers successfully navigate what lays ahead.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. 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 enterprise DAM capabilities, local desktop-to-server support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.
News Releases MediaValet Continues to Win With Manufacturing Sector MediaValet continues to see strong sales momentum in the manufacturing sector. February 20, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – February 20, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of cloud-based enterprise digital asset management (“DAM”) and creative operations software, announces that it continues to see strong sales momentum in the manufacturing sector, with new customer billings in Q4’19 growing 33% over Q4’18, and growing 123% for the year. The sector now represents 14% of the Company’s Annual Recurring Revenue (“ARR”).With the majority of enterprise manufacturing organizations having a firm and long-standing Microsoft IT strategy, additions to their software stacks require vendors to have a similar product focus. This alignment ensures compliance and maintains an industry-leading level of security, redundancy and availability. MediaValet’s DAM software is well positioned to address the needs of these organizations, as it’s built exclusively on Microsoft Azure.“We believe that being the vendor of choice for these organizations reflects our commitment to Microsoft technologies and our strong fit for manufacturing use cases,” said David MacLaren, Founder & CEO of MediaValet. “MediaValet’s DAM is designed in a way that makes intuitive sense within their environments; providing unlimited users, administrators, categories, attributes, keywords and portals. This ensures manufacturing customers can confidently adopt the system and empower an unlimited number of product owners to own the digital experience for their specific product lines. One of our largest customers has used our unlimited category feature to create a mind-blowing 400,000+ nested product relationships – without coming anywhere near close to stressing the limits of our scalability. Another uploaded over five million media assets to MediaValet in less than a month. These numbers are simply unheard of in the emerging cloud DAM industry, and are critical to supporting enterprise organizations that are rapidly making the move to the cloud.”Continued Mr. MacLaren, “We’re finding this trend to be the same across all major industries, enabling us to continue to grow our market share and lead in the enterprise DAM-Cloud space. This led to some exciting milestones for us in 2019, including achieving net customer retention rates above 100%, and growing our ARR by an expected 82% to 85% over last year.”About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. 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 enterprise DAM capabilities, local desktop-to-server support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.
News Releases MediaValet Announces Continued Momentum in High-Security Sectors MediaValet sees strong sales momentum from customers in sectors requiring a high level of security and compliance. February 11, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – February 11th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management (“DAM”) and creative operations software, announces that it is continuing to see strong sales momentum from customers in sectors requiring a high level of security and compliance. High-security sectors, such as financial, healthcare, government and legal, are expected to generate 30% of the Company’s new recurring revenue in the fourth quarter, an increase of 390% over Q4’18; and for fiscal 2019, they’re expected to generate 39% of total new recurring revenue, increasing 510% over the prior year.High-security restricted customers added in Q4’19 included a global asset management company with over $1 trillion under management, a world-leading medical device manufacturer with over 6,000 employees, and a number of state and local government agencies and municipalities in the U.S. and Canada. Consistent with this customer type, the average contract size ranged up to 2.5 times the Company’s current average customer size and includes a number of integrations and add-on modules, such as Active Directory or SAML connectors, Guided AI, integrations with 3rd party software solutions (such as Sitecore, Workfront, Wrike, Wordpress and Sharepoint), and CreativeSPACES.“When MediaValet was founded, our intent was to build a digital asset management system, exclusively in the Cloud, for organizations with millions of assets, tens of thousands of users and offices around the world,” stated David MacLaren, Founder and CEO of MediaValet. “By no means did we envision one day working with some of the most secure institutions in the world. However, as our product continues to grow and mature, our target market is expanding – and our business is accelerating. Today, sectors like those with high security and compliance requirements are an ideal fit for MediaValet as our focus on core DAM allows us to provide a rich feature set around core DAM uses cases, like those in healthcare and government. Features such as our SAML integration, GDPR and SOC2 compliances, data residency guarantees (in more countries than any other DAM), and being built exclusively on Microsoft Azure, go a long way in ticking the boxes for the IT and compliance departments of enterprise organizations – across all industries.”Continued Mr. MacLaren, “We’re committed to delivering the most scalable, secure, reliable and easy to use DAM on the market. Our rapidly growing customer base and low churn rates indicate that we’re on the right path. We look forward to continuing this momentum as we work toward another breakout year both here in North America and abroad.”
News Releases MediaValet Announces Record Customer Adoption and Expansion MediaValet has achieved record customer adoption and expansion levels in Q4. January 8, 2020 Stephen Midgley Chief Marketing Officer 2 min read Vancouver, BC – January 8th, 2020 – MediaValet Inc. (TSX-V:MVP) (“MediaValet” or the “Company”), a leading provider of cloud-based enterprise digital asset management (“DAM”) and creative operations software, announces that it has achieved record customer adoption and expansion levels in Q4, including expanded services and a three-year renewal term with one of its largest customers upon their first renewal date. As a result, total existing customer billings for the fourth quarter are expected to exceed contracted renewal amounts by 30%, and net retention for the year is expected to exceed 100%.“We’re extremely proud of our customer performance metrics,” stated David MacLaren, Founder and CEO of MediaValet. “They are a clear indication that the maturity and depth of our product offerings are being acknowledged by the market and our customer base. As a SaaS company, we closely track and measure metrics such as our net retention, ACV, LTV, and CAC Ratio, all of which are top percentile across SaaS companies. We attribute our industry-leading performance to our long-term commitment to our customers and to the overall DAM industry; we’re here to stay and we intend to continue to push the boundaries of DAM, user experience and customer success. We truly believe this commitment, and our ability to continually deliver sets us apart in the DAM industry.”Mr. MacLaren continued, “It is one thing to win new customers based on our sales and marketing process, product demos and customer references, it’s truly another to expand customers’ usage and to build the confidence required for them to renew for multiple years after their first anniversary. We take user experience and customer success very seriously and see it as critical to building a long-term, successful, Software-as-a-Service business. To this end, I’m honored that our net retention for fiscal 2019 is expected to be in excess of 100%. This is a major milestone for SaaS companies and sets the stage for an exciting year ahead for MediaValet.“About MediaValet Inc.MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. 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 enterprise DAM capabilities, local desktop-to-server support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.