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Big Un Limited Signs Strategic Partnership Agreement with Velpic

Big Un Limited Signs Strategic Partnership Agreement with Velpic
According to the statement released, Big and Velpic have agreed to assist each other in creating video content for the platform and will jointly promote each other’s services.
May 11, 2016 By Kaivalya Kandarpa Tags: BIG

Big Un Limited (ASX:BIG) announced that it has entered into a strategic partnership agreement with Velpic Limited (ASX:VPC), a cloud-based e-learning platform.

According to the statement released, Big and Velpic have agreed to assist each other in creating video content for the platform and will jointly promote each other’s services.

Velpic has subscribed to Big’s services as part of the collaborative agreement, and Big will produce video content for Velpic’s online e-learning platform. Big will also include inductions and focused training lessons that are suitable for various sectors.

Velpic offers a unique online platform with scalable, cloud-based training, induction and education for businesses with the flexibility for administrators and trainers to create specific lessons for staff.

The content created will also be an addition to Velpic’s ‘Lesson Marketplace’, which hosts pre-developed content into developed in collaboration with third party experts. Velpic will also promote Big’s services to the third party developers that are considering joining the platform.   

This partnership is set to provide both the companies with several cross-selling opportunities and promotional campaigns, further extending BIG’s customer reach into new sectors. The companies will enter into a revenue share agreement in case these campaigns become successful.

Mr. Brandon Evertz, Executive Director of Big Review TV, commented on the partnership: “Our strategic partnership with Velpic brings multiple cross-selling and cross-promotional opportunities and is expected to substantially enhance our potential customer reach and will increase our penetration into new sectors. We’re focused on content; the creation of content and distribution of content and we’re delighted to partner with Velpic to increase its content capabilities.”

Big Advances to Next Stage of its Revenue Model

Recently, Big advanced to the second pillar of its revenue model, anticipating substantial growth in revenue as it continues to focus on increasing its sponsorship and advertising partnerships throughout 2016.

BIG gained 3.6% since the announcement, and was last traded at $0.145 as at 11:20 am (AEST).

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Kaivalya Kandarpa Author: Kaivalya Kandarpa May 11, 2016

Kaivalya is an equity analyst and a client advisor at Wise-owl. She specialises in fundamental and technical analysis for large and mid-cap companies. Having completed her bachelor's degree in Business Administration majoring in Finance, Kaivalya has a comprehensive understanding of international stock market movements. She tracks local and overseas markets and compiles analytical reports for various industries.

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