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Fastcoo and Tracking merge in $720,000 deal
Saudi-Arabia based software company Fastcoo, and Tracking, a GPS tracking system, have merged in a deal valued at SAR 2.7 million ($720,000). The deal will provide technical solutions to the logistics sector, aiming at localising the internet of things (IoT) industry in the country.
Fastcoo, a SaaS (software as a service) company specialised in logistics for both delivery and fulfilment, offers software for businesses in the logistics and supply chain field that need to optimise, automate, utilise and prioritise their processes for their warehouse, fleet management, fulfilment centres, and/or delivery companies. It currently provides its services to more than nine countries across the Middle East and North Africa (Mena).