VERB Begins Japan Operations as Part of International Expansion Plan Tapping into a Multi-Billion-Dollar Market Opportunity
April 28 2020 - 8:00AM
VERB Technology Company, Inc. (NASDAQ:
VERB) ("VERB" or the "Company"), a leader in
business-focused interactive video Webinar, CRM, marketing, and
sales enablement applications, announced the commencement of its
Japan operations, signaling the launch of its global expansion
strategy. The Company is now offering in-country, native language
sales and support personnel in Japan. The Company intends to drive
international revenue growth through its “sales by locals to
locals” strategy.
The Company is currently offering its verb CRM, interactive
video-based CRM application to the local Japanese enterprise
market. In the coming weeks, VERB also expects to offer a small
business version of its verb CRM applications as well as its
much-anticipated verb LIVE application. verb LIVE is the Company’s
expected forthcoming live broadcast interactive webinar app that
features in-video clickable action links that eliminate friction
from the webinar sales process by allowing viewers to make
purchases quickly and seamlessly by clicking on the products
featured right in the video broadcast.
The Company’s entrance to the Japanese business market, one of
the largest global economies, was almost a year in planning and
required the expertise of local professionals, particularly those
skilled and experienced in the development and implementation of
business ventures in Japan by American companies. Collectively,
these professionals have more than three decades of experience in
launching American products and services and conducting business
operations in Japan. The Company’s Japan operations are
expected to target several verticals for its sales enablement
applications, including, but not limited to, insurance, financial
services, and other large enterprise sales verticals.
The Company’s international bet is already paying off with new
Japan-based clients signing-on as well as existing U.S.-based
clients signing-on for their own expansion plans in Japan,
leveraging the power of VERB’s sales enablement platform and local
in-country capabilities.
Scott Murdoch, General Manager, Japan division of Sisel
International, a current VERB enterprise client stated “During this
time more than ever, it’s critical to have a sales enablement
platform to support and empower your sales force to work
effectively remotely. Japan, in particular, represents the
largest opportunity and current revenue stream for Sisel and we are
very confident that our partnership with Verb Japan will be the
catalyst needed that not only helps get us through this time, but
also puts us on a trajectory of customer acquisition and retention
like we’ve never seen before.”
Kazuhisa Haginaka, Chief Marketing Officer, Integrity Japan a
new VERB client stated “We partnered with Verb Japan to deliver a
world class sales enablement platform for our growing sales
force. We believe that this partnership and VERB’s industry
leading technology will help us differentiate our product offering
and empower our team to engage clients in the way clients want to
engage. Interactive video, social sharing and texting with
the Verb platform will give us the scale, reliability and analytics
we need to achieve our corporate goals.”
VERB CEO, Rory J. Cutaia stated “Our applications are already in
use in more than 60 countries in 40 languages; data points we’re
very proud of. But we recognize the growth opportunity that a
well-planned and well-executed ‘sales by locals to locals’ strategy
represents. Our sales enablement platform, including our verb CRM
and forthcoming interactive video webinar application have global
appeal, global relevance, and as we’ve demonstrated, global
demand. We’re now executing our plan to monetize that demand
and establish VERB as the global leader in video-based sales
enablement tools for what we believe to be the new sales
paradigm. We believe that savvy sales and marketing
executives recognize that the entire process of selling has
changed, especially now in the shadow of COVID-19. We believe
that reliance on the old systems, processes, and applications is
misplaced and it’s as much about scale as it is about survival.
Either you recognize change has occurred and adopt the best new
tools available in the market or become marginalized by those that
do”.
About VERBVERB Technology Company,
Inc. (NASDAQ: VERB) is rapidly emerging as a market leader
in interactive video-based customer relationship management ("CRM")
sales and marketing applications. With offices in California and
Utah, VERB provides next-generation CRM, lead generation, sales
enablement, and video marketing software applications to
sales-based organizations in 60 countries and in 48 languages. The
Company's proprietary and patent-pending technology platform
produces real-time, measurable results with some customers
reporting greater than 600% increases in conversion rates. The
Company's Software-as-a-Service (SaaS) products are cloud-based,
accessible on all mobile and desktop devices, and are available by
subscription for individual and enterprise users. The Company's
technology is also being integrated into popular ERP, CRM, and
marketing platforms offered by other third-party suppliers,
including Salesforce and Microsoft, among others. For more
information, please visit: verb.tech.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995This press release contains
certain “forward-looking” statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the words “expects,” “anticipates,”
“believes,” “intends,” “estimates,” “plans,” “will,” “outlook” and
similar expressions. Forward-looking statements are based on
management’s current plans, estimates, assumptions and projections,
and speak only as of the date they are made. With the exception of
historical information, the matters discussed in this press release
including, without limitation, the Company’s belief that its new
“sales by locals to locals” will drive international revenue
growth; the Company’s expectations regarding the forthcoming
release of its verb LIVE application; the Company’s belief that the
statements made by management of Japan Sisel and Integrity,
regarding expectations surrounding the relationship with the
Company and the performance of the Company’s products, are
accurate; and the Company’s belief that the entire process of
selling has changed, especially in light of COVID-19, are
forward-looking statements and considerations that involve a number
of risks and uncertainties. The actual future results of the
Company could differ from those statements. Factors that could
cause or contribute to such differences include, but are not
limited to, adverse domestic and foreign economic and market
conditions, including demand for the Company’s products and
services; plans and objectives of management for future operations
or products; the market acceptance or future success of the
Company’s products, and the Company’s future financial
performance. The Company cautions that these forward-looking
statements are further qualified by other factors including, but
not limited to, those set forth in the Company’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2018, and other
filings with the U.S. Securities and Exchange Commission (available
at www.sec.gov). The Company undertakes no obligation to publicly
update or revise any statements in this release, whether as a
result of new information, future events, or otherwise.
Forward-looking statements involve inherent risks and
uncertainties, most of which are difficult to predict and are
generally beyond our control. Actual results or outcomes may differ
materially from those implied by the forward-looking statements as
a result of the impact of a number of factors, many of which are
discussed in more detail in our reports filed with the Securities
and Exchange Commission.
Media Contact:855.250.2300,
ext.107info@verb.tech
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Investor
Relations949.574.3860VERB@gatewayir.com
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