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
Ian Flaherty, Chief Financial Officer
|
Via Alma
|
|
|
|
|
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.