PRESSR: Chipsy completes acquisition of Stock One and expands its product portfolio
Chipsy's expanded product portfolio includes comprehensive order fulfillment and logistics management
Dubai, United Arab Emirates - Chipsy , a leading provider of logistics software as a service, has completed the acquisition of https://www.stockone.com/ " Stock One , a technology solutions services company for inventory management as well as a cloud-based warehouse management system. This acquisition comes as part of Chipsy's efforts to expand its business and offer more products.
This strategic acquisition contributes to strengthening Chipsy's commitment to providing an integrated logistics technology platform to serve its institutional customers in various sectors. The launch of more integrated products will also help give customers the opportunity to benefit from a comprehensive user experience for managing logistics services across the stages of transportation, warehouse management, and order fulfillment. It is expected that these efforts will contribute to helping companies reduce logistical costs and provide user experiences that ensure customer satisfaction, in addition to automating operational processes, all within one platform.
Regarding this acquisition, Soham Chokshi, CEO and co-founder of Chipsy Company, said: “Chipsy works to deliver approximately 150 million shipments per month to more than 220 institutional and corporate customers, and this requires tracking operations for more than 650,000 containers per month. With such an enhancement of capabilities by adding a system Warehouse management (WMS) and inventory management capabilities are a strategic extension of the company's competencies, complementing Chipsy's core mission. This acquisition is strategically aligned with our vision of providing comprehensive and scalable logistics management solutions while ensuring effectiveness and giving our customers technical advantages such as automation, covering all stages of delivery. Services include warehousing, transportation, order fulfillment, and operational management.”
In turn, Rajan Ekambaram, CEO and co-founder of StockOne, said: “Combining the capabilities of the warehouse management system, transportation management system, and working according to the comprehensive supply chain to fulfill orders ensures smooth user experiences and provides more added value to our corporate and institutional customers. We strive hard to help Companies to save costs while improving service levels and automating their operational processes.”
Chipsy's acquisition of Stock One enhances its endeavors to be a leader in the field of logistics technology, and also paves the way for further simplification of operations in light of rapidly developing modern trade methods. This step is consistent with the global shift towards efficient and environmentally friendly logistics solutions, as well as enabling companies to serve their customers. Without forgetting the importance of sustainability and increasing operational efficiency.
Chipsy is looking forward with enthusiasm to the future and to taking advantage of the opportunities presented by this acquisition. The company is also now working on preparing integration plans to ensure seamless integration between the various warehouse management and storage capabilities to be presented within the company’s current platform, so that Chipsy will become a provider of comprehensive logistics solutions, making it easier for customers to make smarter decisions based on institutional data.
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Information about Chipsy Company:
Chipsy is a leading provider of logistics software as a service (SaaS), and its ongoing efforts are changing how companies manage their logistics operations. Chipsy focuses on innovation, increasing efficiency, and achieving customer satisfaction, which enables it to create advanced technical solutions that help enable companies to save costs, improve customer experiences, and automate operations smoothly. Chipsy is reshaping the future of logistics services with its technology solutions powered by artificial intelligence. To learn more, please visit www.shipsy.io .
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