UNL, Genesys International Partner up for Hyperlocal Location Technology

UNL Global and Genesys International announced their partnership to create a hyperlocal Location Technology Platform powered by a high-accuracy 3D digital map of India and bring joint geospatial and mapping solutions to the Indian market.

In joining forces, Genesys and UNL will be leveraging their individual strengths to build a fullstack solution, combining Genesys' high-quality and high-definition location data of key Indian cities together with UNL's smart 3D geocell-based micro-location technology and location services.

"Combining Genesys location data of India with UNL smart 3D grid and geo IDs will allow to further amplify the value of location intelligence and enable higher accuracy and relevance of the digital maps of India, which is critical to the success of location-based services today.", says Xander van der Heijden, CEO and founder of UNL.

Through their technology integration, the Indian market will be able to access the most accurate geospatial solutions like addressing, hyperlocal geocoding, routing and geofencing, powered by the highest quality location data and context.

The two companies will also collaborate on developing market-leading industry solutions across industry verticals including e-commerce, logistics, last-mile delivery, and mobility.

Speaking on this occasion, Mr. Sajid Malik, CMD of Genesys, said, "Genesys has taken the initiative to develop highly accurate 3D `Digital Twin' Maps in India, which will spearhead the transformation in map usage in India. We are pleased to be partnering with UNL, bringing this vision forward. This partnership will go a long way in developing last-mile solutions for Indian cities, which will improve delivery efficiency and benefit customers in logistics and e-commerce."

Shares of Genesys International Corporation Limited was last trading in BSE at Rs. 540.00 as compared to the previous close of Rs. 520.90. The total number of shares traded during the day was 3039 in over 151 trades.

The stock hit an intraday high of Rs. 545.70 and intraday low of 525.95. The net turnover during the day was Rs. 1640318.00.

Source : Equity Bulls

Keywords

GenesysInternationalCorporation INE727B01026 UNLGlobal Partnership HyperlocalLocationTechnologyPlatform