VANCOUVER, British Columbia, June 20, 2018 (GLOBE NEWSWIRE) -- Venzee Technologies Inc. (TSX-V:VENZ) (“Venzee” or the “Company”) and LANSA are pleased to announce that they have entered into a definitive partnership agreement to bring together LANSA’s Product Information Management (“PIM”) solutions with Venzee’s data distribution capabilities. This will provide a comprehensive content solution for companies looking to organize and optimize product information, and efficiently and effectively distribute that product information to their retailers and distributors (or trading partners) outside of the Global Data Synchronization Network (“GDSN”).
Venzee’s partnership will relate to LANSA’s PIM solutions that address clients’ Master Data Management (“MDM”). The Company will provide LANSA with the technology to automate the process of importing and uploading product information to match the requirements of the various clients LANSA works with. LANSA clients can leverage Venzee for seamless content distribution to its trading partners outside of the GDSN including Wayfair, Shopify, Bed Bath & Beyond and others in Venzee’s existing and expanding distribution network.
Kevin Corcoran, Director of Sales at LANSA, commented, "At LANSA, we recognize the importance of product transparency and maintaining efficient supply chains to support business goals. We know that the consistency of product information is vital for success, so we are eager to implement Venzee’s software to streamline this process for a single system to address both GDSN and non-GDSN requirements.”
Peter Montross, Vice President of Sales at Venzee Technologies Inc., commented, “LANSA is a well-established, trusted technology provider in the Product Information Management industry. We are excited to combine their expertise and proven solutions with Venzee’s comprehensive distribution capabilities. Our partnership creates a consolidated solution to satisfy retail and consumer demand for extensive omnichannel product content.”
LANSA is a leading provider of business process integration and data synchronization software. LANSA’s product suite spans the entire supply chain process with solutions for GDSN participation, Product Information Management and Data Quality. LANSA is a Solution Provider for many GS1 Member Organizations worldwide, is a leading 1WorldSync Solution Provider and has been named to the annual Food Logistics Top 100 Software and Technology Providers. LANSA is working with market category leaders including COTY, Del Monte Foods, Godiva, Hain Celestial, Hunter Fan and Pernod Ricard. Established in 1987, LANSA supports thousands of companies around the world with its products and services. Learn more at http://www.lansa.com/pim.
Venzee is a data transformation platform that seamlessly integrates the world’s largest retailers with their suppliers, bringing products to market faster than ever before. Our API replaces manual data entry, resulting in a digital supply chain that increases margins and accelerates revenue. Venzee is leveraging their technology to partner with established supply chain leaders to deliver a real time solution to a global audience.
Venzee operates as a Software as a Services (SaaS), allowing flexibility for enterprise customers of all sizes wishing to improve their digital supply chain solutions.
To learn more about Venzee, visit https://venzee.com/
On Behalf of the Board
Peter MacKay, CEO
Investor Relations, Kin Communications Inc.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the execution of the Company’s growth strategy. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2017, which is available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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