Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) (“Venzee” or the “Company“), the artificial intelligence (AI) platform for product data, reports today increased demand for retail connections driven by existing partner and brand clients.
The Venzee platform offers consumer brands a simple digital path to more than 500 global retailers. Using Venzee’s proprietary Mesh Connectors™, brands reduce complexity and cost they face trying to keep pace with demand for retail data amid today’s supply chain challenges.
Growing demand for additional Mesh Connectors™ comes from a client who began using the Venzee platform in Q4 2021 and has seen measurable operational gains as a result.
According to Chad Kaczmarek, VP of Customer Delivery and Engagement at Venzee, “Last year, we proved to the client the value of our platform with rapid syndication to two of their many sales channels. More importantly, we were able to apply our AI tools to optimize the configuration and mapping of their data to meet all of their retail channel requirements.”
In Mr. Kaczmarek’s assessment, “Our platform allowed the client to reduce the time spent on each retail driven task, affording them an easier path forward with any of their retail channels. With that proven labor savings, it just made sense for them to expand syndication through Venzee to additional sales channels using our extensive range of available Mesh Connectors™.”
Venzee CEO John Abrams said, “Again, we see that initial use of the Venzee platform leads to increased demand of our Mesh Connector™ product, resulting in scalable revenue from our existing customers. This validates our advanced technology and positions us for significant growth.”
With more than 500 major retail Mesh Connectors™ instantly available to brands, Venzee has become an important tool in the simplification and automation of syndication processes for brands globally.
The company has previously announced it is in advanced contract negotiations with three potential customers, that if secured, would result in the Company exceeding its 2022 Mesh Connector™ sales targets of 13,000 and associated revenue. There is no certainty that these partnerships will close.
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