Buddy Platform inks sales, marketing & distribution deal with Digicel

Company News

by Jessica Amir

Buddy Platform (ASX:BUD) has inked an agreement with Digicel for its Buddy Ohm product to be marketed, sold, distributed and installed across its 26 markets in the Caribbean and Central America.

The Internet of Things (IOT) data management, processing and control platform’s product, Buddy ohm, will be branded by Digicel, which is a major mobile phone operator reseller.

Buddy Platform says the extremely high cost of electricity in some Digicel markets creates a significant opportunity for Buddy ohm and Digicel.

The company says, the product will fill a gap in the market and reduce customers energy costs, particularly in the tourism and hospitality sectors.

Shares in Buddy Platform (ASX:BUD) are trading 13.6 per cent higher to 12.5 cents.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.