WEJO - Wejo expands and extends relationship with Microsoft Maps

Wejo (NASDAQ:WEJO) announced an expansion and extension of its existing collaboration with Microsoft Maps thereby significantly enhancing the capabilities of Microsoft's mapping products, in multiple territories across the world. It will also facilitate the ability for Microsoft to receive real-time Wejo data from all territories to further enhance and improve its mapping capabilities, including intelligent routing, route optimization, identifying parking spaces and more. The extended relationship grants Microsoft the ability to contextualize what is going on in any road at any given time across the complete set of the Microsoft Maps offerings under the global agreement. Wejo's data helps both Geographic Information Systems and consumers better understand location popularity, uncover new routes and analyze journey times by fuel type, and gain real-time insight to road incidents and the impact of weather events. Shares rallying 16.1% higher premarket.

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Wejo expands and extends relationship with Microsoft Maps