Fadel Partners Inc on Monday said it has won two new contracts in Europe and the US.
The New York-based media rights and royalty management software developer said it has secured a new IPM Suite client, European education publisher Sanoma.
The contract is valued at about $1.5 million, 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,’ Fadel explained.
It also said it has won a $200,000 contact with ‘one of the world’s largest manufacturers of audio equipment.’ It plans to deliver its Brand Vision Rights Cloud and Content Tracking capability.
Chief Executive Tarek Fadel said: ‘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.’
Shares in Fadel were flat at 140.00 pence each in London on Monday afternoon.
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