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MediaValet (TSX:MVP) lands contract with large auto parts manufacturer

Market News, Media, Technology
TSX:MVP
08 December 2022 16:30 (EDT)

MediaValet (MVP) will provide digital asset management for a North American auto parts manufacturer.

The auto-renewing contract began this month with first-year billings of $130,000.

Services include MediaValet’s enterprise digital asset management platform, active directory single sign-on, CreativeSPACES, implementation services, and ongoing training and support.

The partnership will facilitate data digitization for thousands of auto parts under multiple brand names across thousands of locations in the Americas. This work will, in turn, enhance the effectiveness of the client’s creative designers across North America and Asia, who were being impeded by a cumbersome VPN and incumbent digital asset management system.

MediaValet was selected over some of the biggest digital asset management vendors in the industry due to its creative workflow expertise, ease of use, scalability and cloud performance.

“The digital transformation of creative workflows across organizations continues to accelerate, driving the need for reliable, scalable and secure cloud-native digital content management solutions, such as MediaValet,” stated David MacLaren, Founder and CEO of MediaValet.

“We believe we’re still at the very beginning of a long-term trend to connect all creative workflows and related content to a central, organization-wide, digital asset management platform,” he added.

MediaValet offers SaaS enterprise digital asset management and creative operations solutions.

MediaValet (MVP) closed unchanged, trading at $1.28 per share.


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