Yojee signs deal with Cargo Compass SA and expands into South Africa

Cargo Compass SA

SYDNEY, AUSTRALIA: Yojee Limited (Yojee or the Company) (ASX: YOJ), a cloud-based software as a service (SaaS) logistics platform has announced that it has signed an agreement with Cargo Compass SA in South Africa.

Yojee facilitates the flow of freight movements into a single ecosystem, making the complex process of managing land transport simple and reducing carbon emissions for a greener planet.

Cargo Compass SA is one of the largest full service South African clearing and freight forwarders with warehousing solutions. Yojee’s Platform will be used across all business segments (import/export/domestic) for the whole of South Africa (5 operating branches).

The agreement is the result of Yojee’s late 2022 initiated Partner Program, marking its second customer through the Partner Program. The Partner Program offers key Systems Integrators the ability to introduce and add Yojee to organisations working with products like SAP, Oracle and Wisetech’s Cargowise One platform to extend visibility and productivity into landside transport.

Yojee Managing Director Ed Clarke said, “We are delighted to share that we will be working with Cargo Compass South Africa. This is a significant milestone that exemplifies our position as the leading solution for cross border platforms into the land transport market. Through our partner program, we were introduced to Cargo Compass, and were selected ahead of multiple other solutions from around the world.

Our partnership with Cargo Compass South Africa not only taps into a leading and rapidly growing business but also expands our presence into a new country. This early vindication of our new strategy showcases our team’s efficiency and the value we bring. T

ogether with our partner network, we are simplifying landside transport, enabling businesses to digitise, standardise and thrive in the dynamic global marketplace. This collaboration marks an exciting chapter for Yojee, as we continue to drive innovation and excellence for enterprises and we expect more of these to follow.”

A 3-year agreement has been signed providing access to Yojee’s Platform. Fees are based on transactional volumes (fully usage based) in line with Yojee’s enterprise strategy updated in November 2022. The contract has no material termination clauses. Yojee’s Platform is expected to be operational within weeks with volume determined by the client’s operational volumes month to month.

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