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Innovation Drives Phenomenal Growth for Magaya in Third Quarter of 2021
Thursday, October 21, 2021
With a game-changing dual acquisition, innovative product enhancements, new technology development, and stellar sales performance, Magaya continues to lead the way in the LogTech market.
MIAMI, Oct. 13, 2021 /PRNewswire-PRWeb/ -- Magaya Corporation, the leading provider of end-to-end logistics and supply chain automation software, today announced an exceptional close to the third quarter of 2021 with exciting developments across all areas of the business. With a game-changing dual acquisition, innovative product enhancements, new technology development, and stellar sales performance, Magaya continues to lead the way in the LogTech market.
Magaya began Q3 with positive momentum, a result of its ability to deliver H1 sales and operating performance above expectations. Its sustained growth in Q3 positions the company on a continued upward trajectory toward its year-over-year revenue target of 30 percent - a testament to understanding the needs of the market and delivering innovative technology to resolve customer pain points.
Augmenting its organic growth, Magaya completed the dual acquisition of Qwyk, an industry-leading, cloud-based digital freight forwarder platform, and SimpliShip, a freight marketplace platform focused on API connectivity and freight procurement innovation. The dual acquisition marks a key milestone in the evolution of Magaya's digitization strategy and introduces a game-changing end-to-end platform for operations and customer experience to the freight services market.
Technology Innovation Highlights:
-- The v11.5.1 release of Magaya Supply Chain includes important security
updates for SOC 1 and 2 compliance with stronger encryption and
authentication capabilities.
-- The v11.5.2 release of Magaya Supply Chain introduces new documents and
document templates, enhancements for import operations, added form
automation capabilities, and much more.
-- Database enhancements to Catapult QMS by Magaya more than double the
speed of rate searches, an important advantage accelerating
speed-to-market when building quotes and generating bookings.
-- Soon to release, a new PostgreSQL enterprise-level database engine will
deliver a highly scalable, multi-tenant solution, providing even greater
security, reliability, and availability.
-- Also, currently in development for upcoming releases are compelling new
uses of artificial intelligence and machine learning that will allow
logistics services providers to save time and further automate
operations.
"We have never seen a more dynamic time in the logistics technology space. As technological advancements in the areas of automation and artificial intelligence intersect with macro-level changes in shipping services and customer behavior, it's thrilling to be a driving force in the industry," said Gary Nemmers, Magaya CEO. "We've made several exciting announcements in the last quarter that further position Magaya as the single solution of choice for freight forwarding, warehouse management, digital customer service, rate management, and compliance - and we continue to innovate every day. You won't want to miss what's coming next from Magaya as 2021 comes to a close and we prepare for a new year ahead."
About Magaya Corporation
Magaya develops the logistics automation platform that accelerates growth. Our flexible, interoperable, modular, cloud-based solutions are designed to optimize and digitize end-to-end logistics operations and customer experience. Whether used together as an integrated logistics software platform or independently, Magaya solutions enable businesses of all sizes to streamline complex and redundant processes, enhance the customer experience, optimize productivity, reduce costs, and grow revenue. At Magaya, we are passionately devoted to ensuring our customers' success through our innovative technology and comprehensive array of related professional services. We take great pride in our people, experts in the field of logistics automation, who are always willing to go the extra mile for our customers. There are no limits to your growth with Magaya. Visit magaya.com to learn more.
Media Contact
Danya Rielly, Magaya, 7868459150, drielly@magaya.com
SOURCE Magaya
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