REG - SEEEN PLC - Customer Wins

SEEENAnnouncement

06/07/2022 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:20220706:nRSF4379Ra&default-theme=true

RNS Number : 4379R  SEEEN PLC  06 July 2022

SEEEN plc

("SEEEN", the "Company" or the "Group")

Customer Wins

SEEEN plc (AIM: SEEEN), the video optimisation platform company offering
proprietary technology products and services to brands, creators and
publishers for harvesting video moments to enable discovery, sharing,
e-commerce and improved digital marketing yield, is pleased to announce
further sales of CreatorSuite in the financial publishing sector. These
customer wins build on SEEEN's vertical markets strategy, previously
communicated as part of the Group's Key Performance Indicators (KPIs),
announced in its FY2021 Final Results on 30 June 2022.

Having previously secured two customers in the financial publishing sector,
the Group has entered into contracts for CreatorSuite with two further such
customers. Both of these customers are using CreatorSuite to drive e-commerce
applications.

Each of today's financial publishing customers has a focus on events
management and ticket sales. In one case, the Group is also providing
additional managed services to curate moments within the videos and drive
interest in events through relevant end cards for e-commerce sales. In the
other case, the Group has agreed a monthly licence fee plus performance
payments linked to the number of video views generated.

Financial publishing is a big addressable market around the world. As the
Group continues to add wins in the financial publishing vertical, the existing
customers provide a strong reference for future sales.

SEEEN's Go-to-Market strategy centres on gaining three types of
business-to-business customers: (i) licensing to customer in 3 verticals -
financial publishing, sports and retail; (ii) licensing and managed services
to strategic customers and (iii) e-commerce applications for consumer-oriented
services providers.

Chief Financial Officer Adrian Hargrave commented: "We are pleased to launch
2H with customer wins.  As stated in our FY2021 Final Results, we have
identified the financial publishing vertical as a strong target market for
CreatorSuite, where longer form video from interviews and presentations
requires moments to capture the attention of viewers. We are confident that we
will continue to deliver against our sales KPIs and increase shareholder
value. We appreciate the support of our investors who have eagerly anticipated
SEEEN's shift from product development to commercialisation."

 

 SEEEN
 Patrick DeSouza, Chairman                                   Tel: +44 (0)7775 701 838
 Akiko Mikumo, Interim Co-CEO

 David Anton, Interim Co-CEO
 Adrian Hargrave, CFO

 Panmure Gordon                                              Tel: +44 (0)20 7886 2500

 (Financial Adviser, Nominated Adviser & Joint Broker)
 Alina Vaskina / Harriette Johnson (Corporate Advisory)
 Rupert Dearden (Corporate Broking)

 Dowgate Capital (Joint Broker)                              Tel: +44 (0)20 3903 7721
 Stephen Norcross

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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  CNTBKPBPDBKBQOK