RCS - Fadel Partners Inc. - Launch of LicenSee™

Fadel PartnersAnnouncement

01/03/2024 07:00

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RNS Number : 0626F  Fadel Partners Inc.  01 March 2024

1 March 2024

Fadel Partners, Inc.

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

Launch of LicenSee™ opening up the management of royalties for licensees in
the mid-market

Re-enforces the commitment to expand our market and increase the mix of highly
scalable, high margin cloud revenues

 

FADEL, the developer of cloud-based brand compliance and rights and royalty
management software, is pleased to announce that today the company has
unveiled LicenSee™, a platform designed to enhance and automate the
management of royalties for consumer product licensees in the mid-market.

This solution originates from FADEL's flagship enterprise solution, IPM Suite,
which today is used by major licensors like Marvel Entertainment®, Hasbro®
and Bandai Namco® to manage the complexities of licensing rights and
royalties. LicenSee™ is expected to deliver many business efficiencies to
licensees, such as a reduction in royalty overpayments by up to 20%,
diminishing time spent on audit processes by as much as 68%, and halving the
average time required for royalty processing.

LicenSee™ will enable small and medium sized businesses to manage their
license agreements, automate the calculation of royalties, and ensure
compliance checking across varied contractual landscapes. LicenSee™ is
expected to replace traditional methods typically used within businesses, such
as spreadsheets or legacy in-house systems, which can lead to inaccuracies and
potential financial discrepancies.

LicenSee™ leverages the same robust architecture of IPM Suite and is highly
scalable, delivered from a private and secure cloud infrastructure. It is
preconfigured for licensees and has a fast professional service implementation
cycle of typically 5-10 calendar days.

Tarek Fadel, Chief Executive Officer of FADEL, commented:

"FADEL comes from a heritage of working with some of the world's largest
licensing brands, helping them automate and manage billions of dollars' worth
of annual royalties. Our leading enterprise solution IPM Suite manages roughly
28% of the global consumer products royalties already and our release of
LicenSee™ is just a natural extension of the experience that we've developed
in the consumer products licensing market. The cloud platform is aimed at
servicing the thousands of small and mid-market licensees and re-enforces our
commitment to leveraging our technology, expanding our market and
substantially growing our mix of highly scalable, high margin cloud revenues."

 

For further information please contact:

 Tarek Fadel, Chief Executive Officer                                  Via Alma Strategic Communications

 Ian Flaherty, Chief Financial Officer

 Cavendish Capital Markets Limited (Nomad & Broker)                    020 7220 0500
 Jonny-Franklin Adams, Emily Watts, Abigail Kelly (Corporate Finance)
 Tim Redfern, Sunila De Silva (ECM)

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

 Robyn Fisher

 

About FADEL

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
and India. Founded in 2003 by Tarek Fadel (Chief Executive Officer), FADEL has
since grown to a team of 131 full time employees, plus an additional pool of
c.40-50 contractors.

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

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