MediaValet Announces Increased Adoption in High-Security Financial, Healthcare, Legal and Government Markets

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Vancouver, BC – September 13th, 2018 - MediaValet Inc. (TSX-V:MVP), a leading provider of cloud-based enterprise digital asset management software, is proud to announce that it has been selected by a number of prominent customers in high-security markets. MediaValet is being adopted by CIOs and CSOs to securely manage large collections of marketing and corporate media assets and to facilitate critical marketing operations of organizations in high-security and tightly regulated markets such as Financial, Healthcare, Legal and Government.

High-security customers in these verticals account for 35% of new customer wins this year and now represent more than 20% of MediaValet’s total annual recurring revenue. These customers include:

  • A top provincially owned financial services organization with over 700,000 customers across 200 plus communities and roughly $50 billion in total assets under management.
  • A highly influential government organization in Australia that is working to provide both residents and visitors with infrastructure, community facilities, natural open spaces, and much more. They govern one of the largest council areas in New South Wales, with a population of over 300,000 people.
  • An academic medical center in eastern USA that is the largest safety-net hospital and Level I trauma center in the region, employing 747 physicians, 817 residents and fellows, and 1,583 nurses.
  • A finance-focused law firm ranked amongst the top 200 in the US, with over 100 years of service and over 250 practicing lawyers.

In the competitive markets in which they serve, these customers use their marketing and corporate assets to increase customer acquisition and loyalty through an ongoing multi-channel digital strategy. MediaValet is now a core component of their marketing operations and is an integral part of the marketing IT stack that supports their various internal and public facing digital branding and communications strategies.

Many of these organizations report that prior to using MediaValet, they spent an excessive amount of time managing and distributing marketing assets internally, amongst their offices and employees, and externally with vendors and partners.  Often times these challenges intensified with digital projects such as replacing their primary customer facing website, developing and launching new video campaigns, expanding the role of their creative marketing teams, and leveraging the power of their content management system.  As these projects got underway it was glaringly apparent that success was dependent upon having a highly secure, reliable, redundant and seamlessly integrated single source of truth for all marketing and corporate assets.

“Thanks to MediaValet, these customers now have a highly-secure, redundant and reliable central asset library as the base of their newly updated marketing IT stack,” said David MacLaren, founder and CEO of MediaValet. “The average annual recurring revenue for these new customers has increased by 11% to US$19,000 per year and includes a number of recently released modules that help increase both security and interoperability.”

“At our core, our goal is to help our customers focus on their businesses while we protect and manage their digital assets in the background,” explains David MacLaren. “Security, redundancy, accessibility, tracking, version control, rights management, user adoption; these are our domain – it’s where we excel. By letting us take on these responsibilities, our customers become more productive across their businesses, get significantly more out of their assets, and generate more revenue.”

Continued MacLaren, “We thoroughly enjoy working with these institutions and look forward to helping them extend the benefits of their new digital asset management system beyond their current ecosystems.”

About MediaValet, Inc.

MediaValet stands at the forefront of the enterprise cloud-based digital asset management industry. Built exclusively on Microsoft Azure and available on 54 Microsoft data centers 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 cloud DAM capabilities and local 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
[email protected]

Babak Pedram
Tel: (416) 644-5081
[email protected]

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

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