Loading data...

News Releases

Investor news releases are listed chronologically and archived by year. Subscribe to the Venzee email list or RSS feed to receive investor-relevant news as it's released.

Venzee chosen to provide software for Amer Rugs

Amer Rugs, a United States-based subsidiary of Saraswatii Global Ltd., has selected Venzee Technologies Inc. to automate the process of adding and updating products to its retailers.

Amer Rugs, one of the industry's leading manufacturers of premium quality rugs for over 30 years, shares product information with Bed Bath and Beyond. Venzee's proprietary integration with Bed Bath and Beyond reduces time to market dramatically. Venzee transforms product information from suppliers and manufacturers into the requirements of retailers, a labour-intensive and costly process that the retail industry still performs using spreadsheets.

Kate Hiscox, founder and president of Venzee, commented: "We are delighted to be working with one of the leading manufacturers of rugs in the United States and India. We continue to build on our enterprise client base regularly, and Amer is just another example of how our software is relevant to all industries in e-commerce businesses around the world. Amer saw the financial benefit of using Venzee to update their on-line product information and were quick to adopt. We are confident we have the best technology in the space, and this solution will allow us to build on our monthly recurring revenue."

Venzee provides high-value customized SaaS (software-as-a-service) solutions to mid-market and Tier 1 enterprise clients around the world. Additionally, it accommodates the budgets of up-and-coming retailers hosted on platforms like Shopify.

According to Statista, in 2016, the global e-commerce industry achieved estimated $1.8-trillion (U.S.) in sales, and is expected to grow to $4.5-trillion (U.S.) by 2021. As e-commerce sales continue to grow at staggering rates, the need for better delivery of product information for businesses is now solved with the Venzee software solution.