Ever find yourself eagerly anticipating a parcel that never quite manages to show up on schedule?
Amidst the eCommerce and online shopping boom, on average, Australians are ordering 42 parcels per person annually, slightly above the global average of 41. While posties and delivery companies are working around the clock to ensure everyone gets their deliveries on time, certainly there are some unavoidable limitations therefore lending a technological hand could truly make a difference. Helping businesses with real-time optimised deliveries greatly boosts customer satisfaction!
A provider of innovative and real time tracking delivery solutions, Zoom2u Technologies (ASX: Z2U) has further emphasised its substantial value proposition within the transport and delivery network by welcoming two new clients on board. Zoom2u’s wholly owned subsidiary, Locate2u, has signed new enterprise agreements with Western Australia Return Recycle Renew Limited (WARRRL) and Couriers By Demand (CBD) to utilise Locate2u products to enhance their services.
Each of the contracts has a minimum 12 month term, with combined incremental annual revenue from the contracts of approximately $260,000 representing approximately 5.5% of FY22 consolidated revenue.
Commenting on the new partnerships, Steve Orenstein, Zoom2u Founder and CEO said: “I am absolutely delighted to announce these agreements. To be chosen to partner with these enterprise customers is validation of Locate2u’s functionality and its scalability for use by large enterprises.”
Locate2u will automate and optimise one of WARRRL’s planned services offering as the scheme coordinator for the container deposit scheme in Western Australia. A not-for-profit organisation, WARRRL helps encourage more Western Australians to collect and return their recyclable containers.
The WARRRL contract has commencing annual subscription revenue of approximately $160,000.
Meanwhile, CBD is a Sydney-based business offering same day courier, refrigerated transport, interstate and international delivery services, servicing all six Australian states and territories with over 350 delivery drivers. CBD has been a Talcasoft customer since 2010, which was a transport management software that Zoom2u acquired in November 2022. CBD is switching to Locate2u to enhance operational efficiency, offer improved customer booking visibility, and elevate the overall delivery experience.
The CBD contract will provide incremental annual subscription revenue of around $100,000.
Orenstein also highlights that seeing a Talcasoft customer (CBD) adopting Locate2u signifies smooth and successful integration after the acquisition, where Zoom2u continues to observe growth opportunities.
Zoom2u Technologies is a global provider of innovative and real time tracking delivery solutions, and is the parent company for Zoom2u and Locate2u. The Zoom2u platform provides an Australia-wide marketplace connecting customers to a network of local drivers for fast deliveries, as well as facilitating delivery automation to customers such as utilising real-time SMS when the driver is en-route to customers.
Locate2u provides a global last mile delivery (transportation of goods from the nearest distribution hub to the final destination, such as a home or business) SaaS product to over 500 businesses running their own fleet of vehicles.
Since launching in 2014, Zoom2u has processed over 3.2 million deliveries to over 91,000 customers and has over 14,000 drivers onboarded.
Clara is a Business Reporter for The Sentiment.
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