REG - Fadel Partners Inc. - New Contract Wins

Fadel PartnersAnnouncement

03/06/2024 07:00

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RNS Number : 7475Q  Fadel Partners Inc.  03 June 2024

3 June 2024

Fadel Partners, Inc.

('FADEL', the 'Company' or, together with its subsidiaries, the 'Group')

New Contract Wins

FADEL, the developer of cloud-based brand compliance and rights and royalty
management software, is pleased to announce that it has won two new contracts
in Europe and the USA.

The Company has secured a new IPM Suite client, a major European education
publisher, Sanoma. The total contract value is c$1.5m, including c$0.9m for
software licensing, over a minimum three-year term.

Sanoma, a leading provider of digital learning and teaching platforms, will
integrate the IPM Suite Platform, an end-to-end rights management and royalty
billing solution with their sales and financial systems ultimately managing
their contracted financial obligations, automating and streamlining royalty
payments, and strengthening publisher-to-author relations.

The programme was won as part of a competitive tender process and is
rationalising existing disparate royalties and contract management workflows
across 7 subsidiaries while improving performance, reducing cost, increasing
operational efficiency and future proofing their platforms in terms of UX,
security and scalability.

The Company has also recently won a $0.2m contract with one of the world's
largest manufacturers of audio equipment to deliver its Brand Vision Rights
Cloud and Content Tracking capability. The SaaS platform will replace current
manual and paper-based processes for managing the client's talent and rights
covering over 9000 assets, delivering a significant ROI based around saving
time, money, and minimising legal risk exposure.

 

Tarek Fadel, Chief Executive Officer of FADEL, commented:

"We are thrilled that these contract wins highlight the value of our core
cloud-based IPM Suite offering, alongside the momentum in our Brand Vision
SaaS-based offerings, validating our R&D strategy and helping underpin our
financial ambitions. IPM Suite is tailored to meet the complex needs of modern
media and publishing groups and we look forward to supporting Sanoma in their
digitization journey. The Brand Vision partnership with one of the world's
most innovative audio companies has highlighted the shorter sales cycle,
faster implementation and compelling pay-back for major brands by managing and
tracking their marketing content and usage rights with our software."

For further information please contact:

 Tarek Fadel, Chief Executive Officer                                    Via Alma

 Ian Flaherty, Chief Financial Officer

 Cavendish Capital Markets Limited (Nomad & Broker)                      Tel: +44(0)20 7220 0500
 Jonny-Franklin Adams, Emily Watts, Abigail Kelly, Rory Sale (Corporate
 Finance)
 Tim Redfern, Sunila De Silva (ECM)

 Alma Strategic Communications                                           Tel: +44(0)20 3405 0205
 Josh Royston, Andy Bryant, Sam Modlin, Robyn Fisher                     fadel@almastrategic.com

 

About FADEL Partners Inc.

FADEL is a developer of cloud-based brand compliance and rights and royalty
management software, working with some of the world's leading licensors and
licensees across media, entertainment, publishing, consumer brands and
hi-tech/gaming companies. The Group combines the power of rights management
and content compliance with sophisticated content services, AI-powered visual
search and image and video recognition.

FADEL has two main solutions, being IPM Suite (for rights and royalty
management for publishing and licensing) and Brand Vision (an integrated
platform for Brand Compliance & Monitoring that includes Digital Asset
Management, Digital Rights Management, AI-Powered Content Tracking, and a
Content Aggregation platform with over 100 million Ready-to-License Images).

The Group's main country of operation is the United States, where it is
headquartered in New York, with further operations in the UK, France, Lebanon,
Jordan and India.

 

 

 

 

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