AudioEye Expands European Union Presence with European Accessibility Act

Core Insights - The European Accessibility Act (EAA) introduces significant digital accessibility requirements for businesses, with penalties for non-compliance [1][8] - AudioEye is expanding its operations in the EU to meet the growing demand for compliance solutions as businesses adapt to the EAA [1][2] - The EAA applies to companies operating in the EU with over 10 employees and €2 million in annual revenue, covering various digital platforms [8] Company Overview - AudioEye is a leading digital accessibility company, providing solutions that combine AI-driven automation with expert-led testing [5][6] - The company claims to offer 300-400% more legal protection compared to other solutions in the market [3][7] - AudioEye has over 119,000 customers, including notable brands like Samsung and Calvin Klein [6] Market Demand - There is an increasing demand for AudioEye's platform among U.S.-based customers to ensure compliance with new global accessibility standards [2] - The company is experiencing growth in the UK and EU, particularly in sectors such as retail, SaaS, transportation, and hospitality [2] Compliance Requirements - Organizations must align with the Web Content Accessibility Guidelines (WCAG) 2.1, Level AA, as part of the EAA compliance [8] - Non-compliance can lead to fines of up to €3 million, depending on the Member State, and may increase legal risks for brands [8] Service Offerings - AudioEye's platform detects an average of 500% more accessibility issues than other solutions [7] - The company provides custom legal support and guidance, claiming to have the industry's only real legal guarantee [7]