Yojee surges on signing SaaS agreement with Kuehne + Nagel in the Philippines

Yojee Ltd (ASX:YOJ) has doubled on news of a new 3-year services agreement with Kuehne + Nagel Logistics Inc to roll out its SaaS logistics platform in the Philippines.

This agreement provides the Philippines operation of Kuehne + Nagel, a leading global freight company offering fully integrated supply chain solutions, with access to Yojees cloud-based subscription-based SaaS logistics platform.

Shares higher[hhmc]

Yojee's securities have been as much as 100% higher to 5.2 cents and are up from 1.2 cents at close on March 24.

An enterprise-level project with Kuehne + Nagel Philippines to access Yojees subscription-based SaaS Platform began last month and is expected to go live by the end of July.

The project scope will see Yojees SaaS Platform integrated into Kuehne + Nagel Philippines and an eCommerce fulfilment customer (providing technology, logistics and payments capabilities), across delivery, order management, planning and execution.

Customer-centric approach[hhmc]

Yojee managing director Ed Clarke said: “We are excited to be working with Kuehne + Nagel as they have such a strong customer-centric approach and share our focus of a digital future.

“The team has a clear focus on IT-based integrated logistics solutions and growth in Asia in 2020.

“We are confident that the SaaS Platform will deliver huge value for Kuehne + Nagel across their business over time in terms of further digitising and bringing visibility, accountability and control to their business and ultimately benefit customers.

“We look forward to building a long-term relationship.”

“Seamless digital experience”[hhmc]

A Kuehne + Nagel Asia Pacific spokesperson said: “Supply chains continue to digitise to drive efficiency and meet the increasing demands of customers.

“We aim to create a seamless digital experience and enable our customers to realise market opportunities, converting them into fruitful businesses.

“We look forward to working with Yojee to achieve this purpose.”

Terms of agreement[hhmc]

The agreement is for a project in the Philippines, which gives Kuehne + Nagel PRead More – Source




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