Company Name: Velpic
Announcement Date: 02/05/2016
Announcement Category: Product launch/update
Announcement Content:
VELPIC RELEASES VERSION 3.0 OF E-LEARNING PLATFORM
Achieves Key Milestone Ahead of Schedule.
Highlights
⢠Successful launch of Version 3.0 of Velpicâs cloud-based video eLearning platform, almost three months ahead of schedule
⢠Activation of third and final major sales channel, with Version 3.0 to accelerate Velpicâs international growth strategy and to lead globalisation of the Velpic Platform
⢠Version 3.0 to target SME market segment â a significant growth driver in the global Learning Management Systems market
⢠New features includes âSelf Sign Upâ and automatic payment options that help facilitate SME client interest for trials and purchases without sales assistance
⢠Revenue to continue to be generated through monthly subscription fee, with Pay Per View fees for SME clients included in new pricing packages
⢠Activation of all three pillars in sales strategy positions Velpic towards accelerated client acquisition and expansion of market share
Velpic Ltd (ASX: VPC) (âVelpicâ or the âCompany) is pleased to advise that a major milestone has been achieved in the Companyâs international expansion strategy, with the successful launch of Version 3.0 of Velpicâs cloud-based video eLearning platform almost three months ahead of schedule.
The release of Version 3.0 â known as the SME (small to medium enterprises) version â activates the third and final major sales channel of Velpicâs three pillar sales strategy, and mobilises the Companyâs international growth plans to become an industry leading, global SaaS (software-as-a- service) based business. Combined with pillar one (Enterprise Sales) and pillar two (Reseller Partnerships), which have been executed, the three pillar sales strategy will advance Velpicâs key growth initiatives of accelerating client growth and expand market share.
Version 3.0 is targeted to the SME market segment, which has become a significant growth driver in the global Learning Management System (LMS) market â projected to grow at 20.8% CAGR (compound annual growth rate) to reach approximately US$10 billion by 2020.
Following a rigorous testing period, Version 3.0 offers SMEs a cost effective solution for smaller workforce training and induction requirements, with proven improved content retention. The new version has been specifically designed to attract SME clients, which has been facilitated through a new, fully automated âSelf Sign Upâ feature.
This allows interested clients to sign up for trials and purchase an SME plan directly from the Velpic website, without the intervention of a sales person. A payment gateway has been installed that allows clients to make automatic, secure payments to Velpic for use of the platform.
Other new and improved features of Version 3.0 include:
⢠New Dashboard: allows supervisors and administrators to look at an easy to understand snapshot of lesson completion timing and lesson follow-up information
⢠Authoring Enhancements: a new suite of additional features including Undo, layer controls such as locking and hiding and new selection of fonts
⢠Improved Lesson Completion Tracking: New follow up features that allow supervisors and administrators to check a lessons completion status even quicker, and quickly find out users that have not completed assigned lessons
⢠New Interface: A visually cleaner and more intuitive user interface aligned with Velpicâs commitment to developing platform that is simple and engaging
Velpic will continue to generate revenue from all clients via a monthly subscription fee for providing access to its eLearning platform and professional service fees where requested for implementation. Pay Per View (PPV) fees for each lesson completed will only be applicable to Enterprise clients as the new SME pricing includes a monthly limit of lessons.
Velpic Chief Executive, Russell Francis, commented:
âWe are extremely pleased to be able to launch Version 3.0 of the Velpic platform well ahead of schedule - this is the most significant milestone for the Company since it launched the platform in mid-2014.
âVersion 3.0 marks a key point in the Companyâs growth trajectory, with the SME version now the ignition point for the globalisation of Velpicâs platform. Coupled with the recent partnership with ADP Marketplace*, the SME offering will open additional new geographies to Velpic, which will then be followed by the Companyâs enterprise offering.
âWith the support and global SaaS expertise of our Chairperson Leanne Graham, Version 3.0 marks a significant milestone in Velpicâs growth strategy, signalling that the Company is now firing on all cylinders with respect to its sales strategy, continuing the strong growth momentum in client acquisition and expanding market share.â
For further information on the official release of Version 3.0, Velpic provides an opportunity to watch a video interview with Chief Executive Russell Francis.
Mr Francis discusses in more detail how Version 3.0 will help expand the Company through client acquisition and market share, and firmly establish Velpic as the global video eLearning platform.
To view the video, please follow the link or copy the link into your web browser:
https://youtu.be/B7gT99Da4h4
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, Velpicâs 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 lessonâs impact.
Everything you need to empower your workforce, in one platform â Velpic eLearning.
Go to Company Profile for: Velpic
Announcement Contact: [email protected]
