By Adriano Marchese

Zoomd Technologies Ltd. said Tuesday that it now expects revenue in 2021 to increase more than it previously anticipated as customers increase their marketing budgets.

The Canadian marketing technology company said it has set a new guidance for revenue to grow by 80% compared with 2020.

Previously, the company had expected revenue to increase between 30% and 40% year-over-year.

Zoomd said it is benefiting from growth from new costumers acquired primarily during the second half of 2020 and into 2021 which are increasing their marketing budgets.

It also has benefited from growth in new regions such as Latin America, Asia and India.

Write to Adriano Marchese at adriano.marchese@wsj.com