DGTL Holdings Inc said that its Hashoff LLC subsidiary has renewed an annual software-as-a-service (SaaS) license agreement with its top revenue-producing customer.
The New York-based company said that the renewal agreement comes from a Nasdaq-listed leader in the e-sports and gaming sector with a current market capitalization in excess of $30 billion.
Hashoff's newest top-producing client provides online software that allows active users to place bets on fantasy sports contests within the top major professional sports leagues around the world.
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"We are thrilled to announce this major software licensing renewal agreement with a global leader in e-sports and gaming. Our clients requested that we develop our CMS platform for video applications and support their brand in key markets,” said Hashoff's managing director, Charlie Thomas in a statement.
The Nasdaq-listed gaming client is now Hashoff's top producer customer representing 28% of current and projected revenue. Gross revenues from this top-producing client are expected to grow in fiscal 2022 with several new activation campaign proposals surrounding major sports leagues, and events, currently cued up.
Thomas said that the licensing renewal was won based on “our completion of Hashoff 2.0 for TikTok and on the success of past campaigns surrounding the 2021 NCAA March Madness and PGA Masters tournaments, as well as initial results from an active a $400,000 campaign to boost social media marketing efforts for our client's NFT Sports Collectibles product line."
DGTL told investors that this major contract renewal reaffirms the company’s commitment to diversifying Hashoff's active client mix as a long-term development strategy. In the first twelve months under DGTL management, Hashoff has diversified its active clients from three core active accounts to a current twelve active global brands and agency partners, spanning multiple sectors, across the North American, and APAC markets.
Hashoff's newly developed client mix also represents diversification across multiple categories, with new accounts that include top brands and agencies in the e-sports gaming, consumer products, health and beauty, financial services, travel, and electronics industries.
The company said that the diversification of Hashoff's clients, categories, and global markets provides it with more consistent long-term revenue growth potential.
DGTL specializes in accelerating fully commercialized B2B enterprise-level SaaS companies, via a blend of unique capitalization structures. DGTL is actively building a portfolio of self-service software powered by Artificial Intelligence (AI) in the categories of social, mobile, gaming, and streaming.
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