Noctil processed over 100m sound recordings; launches Offshore Development Center in India

The move increases the company’s total headcount to 12 in the USA and India, aiming to double it by the end of 2025

Noctil’s no-code metadata platform processed over 100m sound recordings and helped over 50k rightsholders get paid in the last five years

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Noctil, a no-code metadata platform, has launched an Offshore Development Center (ODC) in Kochi, India with a team of eight staff. With four team members in the USA, the ODC increases the company’s total headcount to 12.

Noctil is aiming to double that headcount to 24 by increasing the number of staff in the ODC to 20 by the end of 2025. The ODC team consists of project managers, tech leads, developers and test engineers.

The ODC will enable Noctil to enhance its global reach with round-the-clock productivity and a diverse talent pool. It will help accelerate project timelines while delivering cost-effective solutions for the company’s rightsholder, publisher and administrator clients.

Through Noctil’s platform, rightsholders and administrators can organize, transform and exchange metadata efficiently to maximize their royalty revenue. Over the past five years, the company processed over 100 million sound recordings through its platform, completed over 100,000 catalog registrations and helped over 50,000 rightsholders get paid.

Jacob Varghese, Founder and Director, Noctil: “The opening of our new center is a testament to our belief in the power of global collaboration. By uniting top talent globally, we’re creating an environment where diverse ideas are exchanged and innovation thrives. This expansion not only propels our growth but also positions us to deliver groundbreaking solutions that redefine industry standards.

“I extend my sincere gratitude to our exceptional team and valued partners for their unwavering commitment to this vision.

“Our mission has always been to democratize technology for the music industry. By making advanced tools accessible and affordable, we empower rightsholders, publishers and administrators to reach their full potential. This commitment also underpins our dedication to ensuring fair compensation for artists and rightsholders, fostering a sustainable ecosystem where creativity can flourish.”

About

About Noctil

Noctil is a metadata platform that enables music rightsholders, publishers and administrators to maximise revenue efficiently by organizing, transforming and exchanging metadata with high accuracy.

With Noctil, customers can reduce costs by 80%, increase metadata accuracy by up to 98% and increase royalty payouts by 98%.

The first no-code platform of its kind, Noctil can be adapted to any industry standard and in-house data models. It is a cloud infrastructure that can be optimized for functions such as matching, searching, recommendations, analytics, reporting, and other similar use cases.

Established in 2016, Noctil customers include music and audio-visual licensing companies, rights administrators, publishers and record labels.

The company was set up with the mission of keeping artistic creativity alive by ensuring rightsholders are paid for their work.

Noctil has offices in the USA and India. Noctil is a member of DDEX and the Music Business Association.

https://www.noctil.com

Source 3nation

October 11, 2024 11:39am ET by 3nation  

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