Jade Software announced today that its container and general cargo terminal operating system, Jade Master Terminal, has been selected by two marine terminal management companies in Iraq and Georgia.
"The combined contracts are worth around $4m over the next 3 years with most revenue recognised in 2010 and 2011. In the current financial conditions in this sector it is good news," Jade chief executive Craig Richardson told NBR.
"We also have another port going live as we speak in Oslo, Norway."
Earlier this year Jade announced Gulftainer had selected Jade Master Terminal for its operation in Ruwais, Abu Dhabi, and indicated there was potential for a strategic partnership with Gulftainer.
This week the innovative software developer announced it had installed Jade Master Terminal at a second Gulftainer terminal in Umm Qasr, Iraq.
“Gulftainer is widely recognised as one of the world’s most productive terminal management companies and has aggressive global growth plans. We are very pleased with the direction of our relationship with Gulftainer and the services we can offer to assist with achieving their strategic objectives,” said Jade Software’s Director of Logistics, Howard Wren.
Wren also announced Jade Master Terminal has been selected by Poti Sea Port, Georgia, with installation scheduled for mid-2011.
“Poti Sea Port is developing a world-class operation at the gateway between Europe and Asia. We are pleased they have selected Jade’s combination of software and terminal consulting expertise to assist with the next stage of their development,” said Wren.
Revenue from Jade’s global logistics business was up 40% against the same period last year and the company is focusing on new business opportunities for its marine terminal and rail products in Europe, Middle East and Northern Africa.
Jade Software Managing Director, Craig Richardson, said he was pleased with progress made by the broader business this year despite very challenging financial conditions in the company’s key markets.
“This year we have focused on building product platforms that would position us for growth as our target markets recover.
"Our subsidiary Methodware is putting the finishing touches on our next generation risk management application, ERA Kairos, and Jade’s new operational intelligence platform for solving hard business problems, JOOB, will be launched at Microsoft’s Tech. Ed conference in Berlin this November,” said Richardson.
Tue, 02 Nov 2010