Engagement Labs' Doubles Existing TotalSocial® Annual Contract Size with Leading U.S. Telecom
Engagement Labs' Doubles Existing TotalSocial® Annual Contract Size with
Leading U.S. Telecom
NEW BRUNSWICK, N.J. and MONTREAL, Oct. 24, 2018
Multi-year Contract Increases Value to CAD $879,000
NEW BRUNSWICK, N.J. and MONTREAL, Oct. 24, 2018 /PRNewswire/ -- Engagement
Labs Inc. (TSXV: EL) (OTCQB: ELBSF) (the "Company") announced today that it
continues to execute on their growth strategy with a major upsell to a leading
Fortune 500 US telecom client. The deal represents a significant commitment to
Engagement Labs by doubling the contract for the remaining 27 months. The new
contract increases the existing agreement by 100 percent, bringing the new
contract value to CAD $879,000 (USD $674,325).
The expansion of the relationship builds on the Company's existing work with
the Client. With multiple brands in the Client's portfolio, the scope of work
grew over the relationship from one brand at launch, expanded to two brands,
and now TotalSocial® includes four key brands. The new upsold capabilities
include expanded access to the TotalSocial dashboard, additional social media
platforms, customized diagnostics, more reporting for the expanded portfolio
of brands that are part of the relationship. The platform has been critical to
the Client's aggressive expansion strategy.
"This latest contract confirms that our customers continue to entrust
Engagement Labs to enhance their marketing strategy, help increase sales and
brand loyalty with the use of our TotalSocial platform," said Ed Keller, CEO
of Engagement Labs.
"A major priority of Engagement Labs growth strategy includes upsells to
existing customers," adds Steven Brown, President and Chief Revenue Officer of
Engagement Labs. "We continue to see our clients build on their successes and
increase their use of our platform."
About Engagement Labs
Engagement Labs (TSXV: EL) (OTCQB: ELBSF) is an industry-leading data and
analytics firm that provides social intelligence for Fortune 500 brands and
companies. The Company's TotalSocial® platform focuses on the entire social
ecosystem by combining powerful online (social media) and offline (word of
mouth) data with predictive analytics. Engagement Labs has a proprietary
ten-year database of unique brand, industry and competitive intelligence,
matched with its cutting-edge predictive analytics that use machine learning
and artificial intelligence to reveal the social metrics that increase
marketing ROI and top line revenue for its diverse group of clients.
To learn more visit www.engagementlabs.com / www.totalsocial.com.
TotalSocial^® is a premier data and analytics platform that provides brands
with unique insights, improved marketing ROI and strategies to grow revenue.
Fueled by actionable online and offline data, TotalSocial is the only platform
that encompasses and listens to the entire social ecosystem. TotalSocial
offers unique, proprietary data about brands, its industry and competitors.
With cutting-edge diagnostics, patent-pending predictive analytics and machine
learning, TotalSocial identifies business opportunities and provides
recommendations and a roadmap to grow revenue and achieve business and