Company Name: Velpic
Announcement Date: 14/03/2016
Announcement Category: Contract/Partnership
Announcement Content:
Highlights
- Agreement signed with global human capital management (HCM) technology provider ADP®,
accelerating customer growth and providing significant international exposure
- Inclusion on ADP Marketplace provides Velpic with potential access to more than 630,000 customers
worldwide
- Velpic video eLearning platform validated on a global scale, and consistent with growth strategy of
accelerated customer acquisition and market penetration
Velpic Group Ltd (ASX: VPC) (“Velpic” or the “Company) is pleased to advise it has signed an agreement
with NASDAQ-listed ADP, LLC, which will market the Company’s eLearning platform on its global human
capital management (HCM) marketplace.
The agreement will see Velpic’s unique eLearning video platform included on the ADP Marketplace. ADP will
initially market the Company’s video eLearning platform by promoting a link to Velpic from within the ADP
Marketplace. In a second phase, Velpic will fully integrate its platform into ADP’s platform to provide clients
of both systems with a seamless user experience. Integration is targeted for completion by the end of Q3
2016.
ADP Marketplace is a cloud-based “one-stop-shop” designed to help employers dynamically manage an
ecosystem of enterprise applications from ADP and world-class partners. This enables companies of all
sizes to extend the value of their workforce solutions seamlessly across their entire organisations via a
secure, single sign-on process.
ADP (NASDAQ: ADP) is a leading global provider of cloud-based HCM solutions with more than 630,000
clients and 35 million end-users across over 100 countries.
The agreement with ADP provides Velpic with a substantial opportunity to showcase its video e-Learning
platform to thousands of ADP clients, with strong potential to accelerate customer growth through exposure
on a wide international platform. The Company’s addition to the ADP’s Marketplace will push Velpic’s video
eLearning platform into new geographies, including target market United States where ADP is the largest
company within the Human Resources (HR) technology sector.
In addition, the future integration of Velpic’s SaaS (Software-as-a-Service) platform with ADP has the
potential to create ‘sticky’ customers through the simplification of HR technology capabilities and therefore
increasing customer retention.
Velpic’s enterprise grade technology provides businesses with a unique solution to train and induct staff with
integrated video capabilities. The innovative cloud-based video e-Learning platform allows businesses to
create, manage and schedule training and inductions while generating reports on completions and
outcomes. This provides a cost effective and mobile solution for businesses while increasing employee
content retention through visual learning.
As a SaaS business, Velpic receives revenues from a subscription fee for providing access to its eLearning
platform, professional service fees for implementation, and will receive pay per view (PPV) fees for each lesson
completed by enterprise clients.
Velpic Chief Executive, Russell Francis, commented:
“The agreement with ADP marks a significant moment in the Company’s growth, not least because it thrusts
Velpic onto the international stage but also aligns us with the world’s best within the HR technology solutions
area, and in particular the Learning Management Systems market.
“ADP is one of the biggest HR technology players in the world to be partnering with and the integration of
softwares will be a substantial advantage for Velpic, providing a channel of highly secure data sharing that
has an enormous potential for customer retention.
“This arrangement will strengthen Velpic’s activities towards its goals to accelerate customer acquisition and
expand market share.”
Velpic Chairperson, Leanne Graham, commented:
“The ADP Marketplace was a high priority for the Company’s growth plans, with the agreement a strong
validation of Velpic’s eLearning platform, particularly from a leading global provider of HCM solutions. We
know Velpic will be an attractive proposition for customers, with the easy-to-use integrated video capabilities
within the platform differentiating the Company from other LMS providers within the marketplace."
Announcement URL: http://www.velpiclimited.com/investors/asx-announcements/2016.html
About Velpic:
Velpic - Video eLearning Platform In the Cloud
Online learning is easier than ever with Velpic, a powerful training solution for companies of all sizes and industries.
In a single tool, Velpic’s new cloud based platform allows you to create and edit your own impactful video lessons in-house, play your lessons online and finally, as an administrator, you can track, manage and schedule all your company online training and inductions.
Velpic has proven to dramatically reduce the time and costs to train and induct staff while improving comprehension and retention of the subject matter. Our online training software utilises a visual, interactive approach to learning; through smart quizzes and high quality videos, you can maximise each lesson’s impact.
Everything you need to empower your workforce, in one platform – Velpic eLearning.
Go to Company Profile for: Velpic
Announcement Contact: [email protected]
