Aumet, a B2B healthcare marketplace based in the United States that serves the Middle East and North Africa, has announced the acquisition of Platform One, an Egypt-based healthcare supply chain solutions startup. Platform One will now be fully operational across Saudi Arabia, the United Arab Emirates, Egypt, and Jordan, with over 5,000 active pharmacies on its platform.
Aumet, a B2B network that links Pharmacies and Pharmaceutical Suppliers across MENA, was founded in 2015. Aumet is enabling manufacturers, distributors, and healthcare providers to exchange data, resulting in increased efficiency and better decision-making. Aumet now has access to Platform One’s network of users as a result of its acquisition of Platform One, and the Cairo-based team will oversee Aumet’s activities in Egypt.
Platform One is Egypt’s leading provider of digital business pharmaceutical solutions, with over 150 pharmaceutical suppliers and 600 pharmacies currently on its marketplace.
In light of this recent acquisition, Aumet CEO Yahya Aqel highlighted, “Egypt is a crucial market for us, and Platform One has already set the building blocks for what’s next to come. The synergies that resonated between Aumet and Platform One were clear from the initial phases of interaction as both Companies are tech-focused digital solutions providers for the healthcare industry.”
“Through this new power-partnership, pharmacies in Egypt will now get access to Aumet’s full product suite which includes Aumet MarketPlace, connecting Pharmacies with Pharmaceutical Suppliers through mobile app and web applications, Aumet Pharmacy, POS, and inventory management software solution, allowing pharmacists to manage their cash flow, and easily automating their orders with the “Stock Auto-Replenishment” feature connected to Aumet MarketPlace, and Aumet Pay, a payment gateway facilitating payments for Pharmacies and their Suppliers, disrupting traditional methods of cash collection. Aqel concluded with high hopes for this new merger “ We are extremely excited for our journey to come with the Founders of Platform One, Yossry Farghaly, Abdelhady Araby, and Osama Al-Atroush, who will be leading Aumet’s operations in Egypt.”