(MENAFN- ProactiveInvestors) Investors in Kalibrate () were pumped after Metro Oil purchased Kalibrate’s Cloud pricing solution to use at all of its petrol stations in the Philippines.
Shares shot up to 110p from 103p overnight on news of the contract win.
“This further validates our new Cloud offering as an adaptable solution to a wide variety of fuel markets with no customisation” said Bob Stein president and chief executive officer of Kalibrate.
“The Philippines is an important market for Kalibrate as we seek to grow our presence in the Southeast Asia region” he added.
“We chose Kalibrate’s pricing solution to help us respond more quickly and effectively to changes in the market. Kalibrate’s mobility solutions will equip our staff with important site performance information and allow us to capture market changes as they occur” said Sidney Tan president of Metro Oil.
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