Orangekloud Technology (ORKT) said Wednesday that it has signed a memorandum of understanding with JPJ Medical, under which the latter will distribute Orangekloud's software-as-a-service offering to the South African healthcare sector.
Financial terms of the agreement were not disclosed.
The Orangekloud OEM solution automates and optimizes businesses' mobile digital procedures and develops paperless digital services, the company said.
Orangekloud's stock was up 3.8% in recent Wednesday premarket activity.
Price: 4.6400, Change: +0.17, Percent Change: +3.80
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