13 July 2015
Market Update – IKEA Agreement
VMob Group Ltd (VML) announced to the market on 2 July 2015 that it had entered into a commercial agreement with IKEA, the world’s largest furniture retailer with 370 stores in 47 countries. VML would like to provide further information to the market with respect to this agreement.
IKEA will utilise VML’s platform on a software-as-a-service basis initially across 5 countries in Europe, Asia and North America.
Whilst the terms of the agreement are confidential, VML confirms that recurring revenues will be earned from the provision of the platform and data analytical services.
The cloud-based platform will be provisioned initially for an eight-month term. As the platform is highly scalable there is potential for the platform to be rolled out to further countries where IKEA operates and the term extended.
For more information please contact:
Scott Bradley, CEO VMob
Mobile: +1 347 744 3142
VMob is an end-to-end mobile personalisation platform that lets retailers and other customerfacing brands create highly personalised marketing campaigns to reach customers at exactly the right time and place – resulting in much higher conversion rates.
The VMob platform integrates with the brand’s own smartphone app to continuously collect and store a range of real-time data (including location, movement speed, local weather and nearby events), combining it with information on past transactions through its IoT platform to deliver a level of personalised content not possible with other media.
Offers, campaigns and content personalised with this data are delivered within the smartphone app, and to other channels via API connections.
VMob was founded in Auckland, New Zealand and now has offices in San Francisco, Chicago, New York, London, Tokyo and Sydney and is listed on the NZX Alternative Market (NZAX:
VMob has already achieved success in worldwide markets with strong partnerships and clients including McDonald’s, 7-Eleven, Exxon, Anheuser Busch, Heart of the City, Spark New Zealand, Telkom Indonesia, Loyalty New Zealand, and Yellow Pages.
Visit www.vmoblive.com for further information