Verses Technologies (NEO: VERS) has entered into a fresh partnership as of this morning. The firm has partnered with Blue Yonder, a firm specializing in digital supply chains and omni-channel commerce fulfillment.
Blue Yonder reportedly works with over 3,500 retailers and warehouse distribution providers across a total of 78 different countries. Owned by Panasonic, the company specializes in supply chain management software, manufacturing planning, and retail planning among other specialties. Headquartered in Scottsdale, Arizona, the company reported revenue of $1.1 billion in 2021, with its client list said to include PepsiCo, Walgreens, Microsoft and Campbell’s among others.
Under the resale partnership announced this morning, Verses is to equip warehouses and distribution centers with adaptive intelligence and spatial twin management applications. The application of such tech is expected to better simulate and orchestrate workflow optimization along with verifiable traceability and intelligent automation.
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READ: Verses Tech: Is The Spatial Web The Next Technology Frontier?
“Partnering with VERSES provides our customers with an unparalleled view of their physical space and an actionable set of tools to continually improve and refine their operations. This partnership is more than a technical integration; it sets a new standard for the market today and into the future,” commented Matt Balthasar, Director of Edge Technology for Blue Yonder.
Verses Technologies last traded at $0.76 on the Neo.
FULL DISCLOSURE: VERSES Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover VERSES Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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