ABU DHABI, UAE, Nov. 14, 2024 /PRNewswire/ — Anghami (NASDAQ: ANGH), the leading multi-media streaming platform in the MENA region, announced substantial growth in user engagement and significant operational achievements, reinforcing its position as the region’s premier entertainment destination.

Strong Performance Metrics and Operational Excellence

Anghami has achieved significant cost synergies, while simultaneously driving an 18% increase in Average Revenue Per User (ARPU) on the direct base. Video streaming engagement has shown exceptional momentum, with total hours watched surging by 28% during January-September 2024 compared to the same period in 2023.

Elie Habib, CEO of Anghami & OSN+, commented, “Our strong performance this quarter, marked by an 18% ARPU increase on direct subscribers and 28% growth in streaming engagement, showcases the success of our integrated entertainment strategy. Through premium content expansion across both video and music, as well as technical innovation like DolbyVision and DolbyAtmos, we’re elevating how the MENA region experiences digital entertainment.“

Strategic Initiatives Driving Growth

OSN+ growth strategy encompasses several key initiatives:

Technical Innovation and Enhanced User Experience

• Implementation of sophisticated improvements in the AI recommendation engine, particularly for new users, resulting in a 20% engagement increase.
• Leading the region’s streaming technology with the introduction of DolbyVision and DolbyAtmos, as the first local service to offer these premium viewing experiences.
• Launch of a pioneering Apple Vision Pro application in collaboration with Apple coinciding with the UAE release.
• Expansion of 4K premium payment options through major regional telcos including STC KSA, Mobily KSA, DU UAE, and Etisalat UAE.

Game-Changing Value Tier Launch: Revolutionizing content accessibility with our new Standard with Ads package, unlocking premium entertainment for a broader audience while maintaining our signature high-quality streaming experience. This strategic move opens new revenue streams while democratizing access to our extensive content library.

Content Excellence and Future Programming

Strong performance from premium content including “The Penguin” starring Colin Farrell and “FROM” Season 4 have paved the way for an exciting upcoming slate:

• “The Day of the Jackal” starring Eddie Redmayne, premiering November 15, is a high-stakes thriller that weaves suspense and precision into a riveting story of espionage and assassination.
• “Dune: Prophecy” series, launching November 18, delivers a grand, immersive journey into the Dune universe, filled with epic landscapes, intricate political intrigue, and deep-rooted prophecy.
• “The Fashionista” series, launching in early 2025, OSN+’s first original drama-comedy mini-series, shot in Kuwait and explores social media fame.

Arabic Content Innovation

In a groundbreaking move for regional entertainment, OSN+ introduces first-ever Arabic dubbing of prestigious series:

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• “Succession” starring Brian Cox is a gripping portrayal of a power-hungry family with razor-sharp wit and intense, ruthless dynamics.
• “Big Little Lies” starring Nicole Kidman, Reese Witherspoon, and Shailene Woodley explores a scandalous web of secrets, delivered with layered suspense and raw emotional depth.
• “The Undoing” starring Nicole Kidman and Hugh Grant is a sophisticated, polished thriller that keeps viewers on edge with its tense and unpredictable story.
• “The Night Of” starring John Turturro offers a gritty, haunting look into the criminal justice system, blending atmosphere and thought-provoking drama.

Music and Cultural Leadership

On the music front, Anghami continues to strengthen its music and cultural offerings:

• Extension of Amr Diab’s music catalog, with three major concerts scheduled by April 2025 in Cairo, Amman and Abu Dhabi.
• Collaboration with Saudi Arabia’s Ministry of Culture for the Cultural Talent Tournament between January and July 2024 supporting the Kingdom’s vision in discovering and developing musical talents.
• Launch of “Sajjel,” the Arab world’s first podcast competition, in partnership with the Literature, Publishing and Translation Commission.

About Anghami Inc. (NASDAQ: ANGH):

Anghami is the leading multi-media technology streaming platform in the Middle East and North Africa (“MENA”) region, offering a comprehensive ecosystem of exclusive premium video, music, podcasts, live entertainment, audio services, and more. Since its launch in 2012, Anghami has led the way as the first music streaming platform to digitize MENA’s music catalog, reshaping the region’s entertainment landscape. In a strategic move in April 2024, Anghami joined forces with OSN+, a leading video streaming platform, forming a digital entertainment powerhouse. This pivotal transaction strengthened Anghami’s position as a go-to destination, boasting an extensive library of over 18,000 hours of premium video, including exclusive HBO content, alongside 100+ million Arabic and International songs and podcasts. With a user base exceeding 120 million registered users and 2.5 million paid subscribers, Anghami has partnered with 47 telcos across MENA, facilitating customer acquisition and subscription payment, in addition to establishing relationships with major film studios, entertainment giants, and music labels, both regional and international. Headquartered in Abu Dhabi, UAE, Anghami operates in 16 countries across MENA, with offices in Beirut, Dubai, Cairo, and Riyadh.

To learn more about Anghami, please visit: https://anghami.com.

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–  GETESA Money S.A. a subsidiary of GETESA, to introduce first-of-its-kind digital payment services on Comviva’s mobiquity® Pay platform in Equatorial Guinea
–  Comviva to empower GETESA with next generation converged communication and messaging cloud

NEW DELHI, Nov. 14, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced its strategic partnership with Guinea Ecuatorial de Telecomunicaciones SA (GETESA), Equatorial Guinea’s largest telecom operator, to launch a comprehensive digital payments platform. This three-way partnership between GETESA/GETESA Money S.A., Comviva and Quitus Payments & Services S.A., marks a significant milestone in the digital evolution of Equatorial Guinea’s financial landscape, introducing some of the nation’s first-of-its-kind digital payment services and accelerating the transition toward a cash-lite economy.

Leveraging Comviva’s advanced mobiquity® Pay platform, GETESA Money S.A. will empower users with a suite of fintech capabilities, such as peer-to-peer (P2P) transfers, bill payments, merchant payments, and more. With mobiquity® Pay, GETESA Money S.A. customers can seamlessly conduct several day-to-day transactions, such as utility payments, grocery purchases, insurance premiums, satellite TV top-ups, mobile airtime recharge and many more. The platform will also enable self-service, with additional support through GETESA’s extensive agent network, fostering accessibility and convenience across the country.

Comviva will also deploy its next generation converged communication and messaging cloud platform that streamlines SMS, USSD, and Firewall services, along with various value-added services, into a single, unified platform. This solution will enable GETESA to efficiently plan and manage its complete communication needs, supporting its transformation into a next-generation telecom leader in Equatorial Guinea.

Quitus Payments & Services S.A., known for its extensive expertise in fintech, will play a crucial role in the overall solution deployment. Through its deep understanding of technology development and digital finance, Quitus brings the ideal foundation to accelerate the success of this project.

Carlos Esono MIKO NSING, CEO of GETESA, expressed his excitement, “At GETESA, we are committed to making life easier for our customers by offering innovative solutions that meet their daily financial needs. This partnership with Comviva and Quitus Payments & Services S.A. brings a powerful digital payments platform that will empower our customers with greater financial convenience and inclusion, enhancing their lives and contributing to Equatorial Guinea’s digital transformation.” 

Speaking on the partnership, Comviva’s Chief Executive Officer, Rajesh Chandiramani, said, “This collaboration represents our dedication to advancing digital finance services globally and creating meaningful, real-world impact. By empowering GETESA Money S.A. with our mobiquity® Pay platform, we are providing a trusted and convenient digital payments solution that aligns with GETESA’s vision to simplify financial transactions for its customers. Ultimately, this partnership not only drives financial inclusion but also sets a benchmark for a cash-lite economy in Equatorial Guinea, reinforcing our commitment to transforming financial landscapes worldwide.”

“Our role in this partnership is to bring our deep expertise in technology and fintech development, bridging Comviva’s digital financial capabilities with GETESA Money S.A.’s robust market presence. Together, we’re setting the stage for a transformative shift towards cashless convenience for the people of Equatorial Guinea,” said NDONGMO Patrice Maurille, CEO of Quitus Payments & Services S.A.

Comviva’s mobiquity® Pay is the world’s leader in digital payment and wallet solutions. With 90+ deployments in 50+ countries, processing USD 300 Bn annually, it serves consumers, merchants, businesses, and banks globally, fostering telcos, banks, and fintech companies to utilize its capabilities. The platform provides an array of functionalities, ranging from digital onboarding to bill payments and merchant transactions. The solution streamlines diverse payment instruments within a unified wallet platform, ensuring accessibility to a wide user demographic, spanning from underbanked individuals and corporates to millennials and Gen Z.

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Contact

Sundeep Mehta
[email protected]
+91-9910030732

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SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Private market fund managers face a well-known challenge: offline investor data. Handwritten forms, scanned documents or typed PDFs clog workflows, delay onboarding, and increase the risk of costly errors.

Today, Anduin announces the launch of its Data Extraction Service, designed to remove these inefficiencies and accelerate the industry’s digital transformation.

Built on Anduin’s proprietary platform, this solution combines advanced Optical Character Recognition (OCR) technology with human verification to maximize data precision. It transforms key investor documents, including subscription agreements, tax forms, and contact sheets, into actionable digital records that power LP onboarding and multiple communication workflows.

A Faster Path to Digital Transformation
“Anduin’s Data Extraction Service empowers fund managers to meet LPs where they are, delivering fast and precise digital data, regardless of the submission format,” said Eliot Hodges, CEO of Anduin. “While institutional LPs are transitioning toward fully digital workflows, behaviors take time to evolve. This service will bridge the gap, giving GPs an immediate, efficient solution while supporting their LP preferences.”

Delivering outcomes that matter:

• Faster fundraising: Converts offline subscriptions, including AML/KYC documents, into a live fund on Anduin, enabling GPs to apply a unified review process.
• Complete LP data coverage: Extracts data from wirehouses, RIAs, and institutional channels, consolidating 100% of the LP base into a single platform for full transparency and control.
• Customizable outputs: Delivers export-ready data with custom templates and seamless integration with CRMs, reporting tools, and other systems.
• Exceptional accuracy: Flexibly handles handwritten forms, PDFs, and more with 90%+ fidelity.

Now available, Data Extraction Service joins Anduin’s comprehensive product suite, including the award-winning Fund Subscription, Data Room, and Investor Data Management platform. Together, these solutions equip fund managers to streamline operations, strengthen LP relationships, and stay ahead in an increasingly competitive market.

About Anduin
Anduin is the leading digital platform to manage the entire fund lifecycle and LP relationships, from first contact to fund closing and beyond. Our ecosystem has raised over $106 billion in global capital by helping 48,000+ investors subscribe to 850+ funds.

Learn more at anduintransact.com.

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View original content:https://www.prnewswire.co.uk/news-releases/anduin-launches-ai-powered-data-extraction-service-to-transform-private-market-workflows-302305528.html