(NEW YORK)–nFusz, Inc. (OTCQB:FUSZ), a Hollywood-based digital technology company, announced a deal to integrate their video CRM platform with Oracle’s NetSuite software.
On January 3, 2018, the Company filed an 8K with the SEC announcing they had entered into an agreement with ORACLE AMERICA, INC. (NASDAQ:ORCL) to develop an application to facilitate the integration of FUSZ notifiCRM interactive video messaging technology into the NetSuite Software-as-a-Service (SaaS) platform developed by ORACLE, and to ensure the interoperability of our notifiCRM technology with the ORACLE SERVICE.
The Parties intend that all ORACLE NetSuite customers (existing and future) pay an additional per user fee to have the ability to create, edit, send, and track notifiCRM interactive video messaging seamlessly through the ORACLE NetSuite user interface.
The Agreement provides that the development of the application, which will be undertaken jointly by FUSZ and ORACLE, will be completed within one year. They anticipate that development of the application, which has already begun, will be completed within 120 days. The Agreement is for an initial term of one year, but renews automatically for successive one-year terms, unless sooner terminated in accordance with the termination provisions set forth in the Agreement.
Upon completion of development and testing of the application, it will be marketed jointly by FUSZ and ORACLE, through, among other things, ORACLE’S existing network of approximately 2,000 ORACLE NetSuite sales reps.
Pricing has yet to be finalized, but it is estimated that the integrated notifiCRM feature set will be offered at a price of between $10 and $25 per user, per month, which is in addition to the price each user pays for the ORACLE SERVICE. The Agreement provides that the notifiCRM fee will be shared between FUSZ and ORACLE as follows: 90% to nFusz (FUSZ), and 10% to ORACLE.
nFusz is traded on the OTCQB exchange under the ticker symbol “FUSZ”.
About nFusz, Inc.
nFusz, Inc (OTCQB:FUSZ) is a Hollywood-based digital tech company. Our proprietary next generation interactive video technology is the core of our new broadcast and cloud-based, Software-as-a-Service (SaaS) products. We offer subscription-based Customer Relationship Management (CRM), sales lead generation, and social engagement software on mobile and desktop platforms for sales-based organizations, consumer brands, and artists seeking greater levels of engagement and higher conversion rates. Our software platform can accommodate any size campaign or sales organization, and its enterprise-class scalability meets the needs of today’s global organizations. Our service is built around our proprietary “Video-First” notifi technology, which places interactive video front and center in all customer and prospect communications. With our flagship product, notifiCRM, we’ve re-invented what a CRM, lead-gen tool should be in today’s video-centric business and social environment. Now watch for our live broadcast interactive video platform that will redefine what “engagement” means in consumer video consumption. For more information on nFusz, Inc., visit www.nFusz.com