Accelerize Inc. (ACLZ) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

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Journey platform gains momentum as sales and bookings increase: The Company’s roll-out of Journey continues to gain momentum with sequential increases in revenue, sales bookings and sales pipeline growth. New customer wins in the quarter included a leading global financial services provider. Journey is the Company’s flagship cloud-based platform solution targeting large advertisers, publishers and brands, that collects and analyzes customer journey data using multi-touch attribution for marketing campaign optimization. Accelerize sees the growing sales pipeline for Journey translating into a significant high margin revenue stream that will progressively grow throughout 2018.

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Continued progress in the International marketing launch of Journey: The Company launched its international marketing efforts for the Journey platform in Q1 2018 leading to growth in both Journey related revenue and sales bookings in Q2. With its international sales pipeline growth continuing to accelerate, the Company sees significant market potential for Journey outside the US.

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Completed General Data Protection Regulation (GDPR) compliance readiness strategy: The Company completed its GDPR compliance readiness strategy ahead of the deadline established in the new regulation designed to protect the data of all European Union citizens. The Company also secured its Type 1 SOC 2 certification to help define an information and security policy and procedure. While the GDPR has caused significant uncertainty in the EU marketplace that the Company believes resulted in a 25% reduction in EU revenue related to lower transaction volumes, it sees the demonstration of its ongoing resource commitment to regulatory compliance leading to a reacceleration of growth in the second half of 2018 as companies become more accustomed to operating within the regulatory guidelines.