t
On 28 September 2023, Ingenta plc announced it added 2 new music customers to its Ingenta conChord IP management platform. These customers include a North American digital music distributor and an Indian independent music label, marking the Group's entry into the Indian music market.
| Date | 28 Sept 2023 |
| Time | 07:00:12 |
| Category | Miscellaneous |
| ID | 9002N |
28 September 2023
Ingenta plc
("Ingenta" or the "Company")
New customer wins
Ingenta plc (AIM: ING), a leading provider of software and services to the global publishing industry, is pleased to announce it has added 2 more music customers to its growing Ingenta conChord IP management platform, which include expansion of the Group's presence in North America with a digital music distributor and also an entry into Indian music markets with one of the largest Indian independent music labels.
Scott Winner, CEO of Ingenta, commented:
"Our IP management solutions continue to demonstrate their value through the expansion not only in the music industry but across multiple geographies as well. The continued push to bring these solutions is showing results and gathering momentum."
Ingenta conChord is designed to help publishers manage the complexities of contracts and copyrights, enabling them to calculate and distribute accurate royalties based on the terms in their contracts. The solution is applicable to a variety of media industries where these concerns are increasingly prevalent.
The information contained in this announcement is not expected to have a material impact on the Company's expected performance, as described in the Company's Interim Results dated 11 September 2023.
For further information please contact:
Ingenta plc Tel: 01865 397 800
Scott Winner/Jon Sheffield