RCS - Fadel Partners Inc. - FADEL Secures Contract

Fadel PartnersAnnouncement

07/10/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241007:nRSG0022Ha&default-theme=true

RNS Number : 0022H  Fadel Partners Inc.  07 October 2024

7 October 2024

Fadel Partners, Inc.

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

FADEL Secures Contract to Provide Brand Compliance Solutions for American
Multinational Apparel Company

FADEL, the leading provider of cloud-based brand compliance and rights and
royalty management software, has been awarded a two-year contract valued at
$0.4M, including license fees and services, with a global leader in the
apparel industry. This agreement contributes an additional $0.2M to Annual
Recurring Revenue ("ARR"), marking an approximate 10% increase in total Brand
Vision ARR.     The new client has chosen FADEL's Brand Vision solution to
automate and manage the licensing, tracking, and takedown of digital marketing
assets across various web, retail and e-commerce platforms.

The client, which owns multiple well-known brands, sought a solution to
enhance control over its extensive portfolio of digital marketing content,
including images and videos used on platforms like Target, Walmart, and
Amazon. Managing digital rights and ensuring compliance across these channels
presents significant challenges, particularly around tracking unauthorized or
expired content usage. Brand Vision provides an integrated approach that
simplifies content tracking, ensures proper licensing, and facilitates
takedowns and renewals.

By implementing Brand Vision, the client expects to increase efficiency in
managing its marketing digital assets by 66%, leading to an estimated $1.3
million in cost savings over the next 24 months through improved governance
and cost avoidance from potential copyright or licensing violations and
increased content reuse.

Tarek Fadel, Chief Executive Officer of FADEL, commented:

"This contract reinforces the critical need for advanced content licensing and
rights management solutions in today's dynamic digital marketplace. We're
excited to work with this globally recognized brand, helping them streamline
their content tracking, licensing, and compliance while driving down costs and
minimizing risks of unauthorized content use."

 

For further information please contact:

 Tarek Fadel, Chief Executive Officer

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

FADEL Strategic Communications
 Devi Gupta - press@fadel.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.

For more information, please visit the Group's website at: www.fadel.com
(http://www.fadel.com/) .

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAQKQBDFBDKFKK