Le Lézard
Classified in: Science and technology, Business
Subject: CON

Bambuser Enters a Pilot Agreement for Live Video Shopping with one of the World's Largest Retailers


STOCKHOLM, June 5, 2020 /PRNewswire/ -- Bambuser AB has entered into a pilot agreement worth SEK 350,000 with one of the world's largest retail companies. The agreement concerns Live Video Shopping for one brand in one market during the pilot phase, which lasts for a total of three months.

Bambuser AB has signed a pilot agreement for Live Video Shopping with one of the world's largest and most established retail chains. The customer in question is a global fashion group with a portfolio of several brands established in over 50 online markets with approximately 179,000 employees and a total net sales of SEK 233 billion for the 2019 financial year.

The agreement gives the customer the right to use Live Video Shopping at a fixed cost of SEK 350,000 for one of the Group's brands in one market during the pilot phase, which lasts for a total of three months.

- Great to see Live Video Shopping being used by yet another world-leading group. We see the pilot agreement as a natural first step in what will hopefully be a very strategic and long-term partnership, something that would take Bambuser to new heights, says Maryam Ghahremani, CEO of Bambuser.

This is information that Bambuser AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was sent for publication, through the agency of the contact persons set out below, on 5 June 2020.

Bambuser was founded in 2007 as the world's first company with a platform for interactive mobile live video broadcasting and is a leading supplier in the live video segment. In 2019, Bambuser introduced Live Video Shopping, which enables live shopping directly on the brand's website. Bambuser is listed on the Nasdaq First North Growth Market and is headquartered in Stockholm.

Contact information

Maryam Ghahremani, CEO | +46-8-400-160-02 | [email protected]  
or visit bambuser.com/ir

Certified Adviser
Erik Penser Bank AB | +46-8-463-83-00 | [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bambuser/r/bambuser-enters-a-pilot-agreement-for-live-video-shopping-with-one-of-the-world-s-largest-retailers,c3128772

The following files are available for download:

https://mb.cision.com/Main/15749/3128772/1259933.pdf

Release

SOURCE Bambuser


These press releases may also interest you

at 12:05
HTEC, a global digital consulting, software engineering, and product development company, is announcing a strategic collaboration with G2 Risk Solutions (G2RS), the preeminent provider of end-to-end bankruptcy technology solutions. Under the...

at 12:05
Enterprise Connect, the leading conference and exhibition for enterprise communications and customer experience (CX), brought IT decision-makers together to improve business communications and CX. Attendees explored industry trends and technologies...

at 12:05
Terragia Biofuel, a technology startup aiming to drive the next generation of biofuels, today announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use the capital to commercialize...

at 12:00
Helika, a leading global infrastructure provider for traditional and Web3 gaming, launches Helika Accelerate, an accelerator program dedicated to supporting top gaming studios around the globe to develop Web3 games and to sustain growth in users and...

at 12:00
The Russell Innovation Center for Entrepreneurs (RICE), the largest center in the world dedicated to growing, scaling, and developing Black entrepreneurs proudly announces the strategic enhancement of its leadership team with two distinguished...

at 12:00
Today, the Linux Foundation announced its intent to form Valkey, an open source alternative to the Redis in-memory, NoSQL data store. Project contributors quickly gathered maintainer, community, and corporate support to regroup in response to the...



News published on and distributed by: