Teigo
 | |
| Formation | July 21, 1988 |
|---|---|
| Founder | Yamal Ujmadeen |
| Type | Company |
| Legal status | Publicly traded for-profit company |
| Headquarters | Kemer |
| Products |
|
| Services |
|
Chief Executive Officer | Ashmirah Ujmadeen |
Parent organization | Teigo Holdings |
| Subsidiaries |
|
Revenue | 21 billion KRB |
Staff | 450,000 |
| Website | teigo.caek |
Teigo is logistics and supply chain management platform that originates from and is headquartered in Packilvania.
Teigo was founded in 1988 by Yamal Ujmadeen as a logistics and transportation provider for commercial retailers. It owned and leased warehouses and trucks that commercial retailers could rent to facilitate storage and shipping of goods to and from their storefronts. In 1992, the company expanded its product offerings to include handling back-office logistics coordination such as supply scheduling, customs duties and shipping tracking. In 1997, the company began acting as an intermediary between commercial retailers and their suppliers. Instead of contacting the supplier and arranging shipping with Teigo, companies would source goods directly from Teigo. In turn, Teigo would source goods directly from suppliers based on demand. Teigo was able to negotiate lower prices from suppliers due to their economies of scale and role as the leading logistics and supply chain company in the country. In 2000, they had their Initial Public Offering (IPO) on the Bingol Stock Exchange.
In 2001, they established their first website with the domain name Teigo.pax to facilitate engagement with commercial retailers. Commercial retailers could set up accounts, receive notifications, manage payments, track shipping, inspect inventory etc. via this new platform. In 2004, Teigo established a subsidiary in South Hills and expanded its product offerings to the international community via the Teigo.caek platform. Its websites are compatible with major browsers such as Goggle and Cafe Net. Teigo started to partition its backend solution from the online platform to develop the Teigo Enterprise Resource Planning (ERP) Solution and commercially license it in 2007. The Teigo ERP provided services such as human resource, inventory, reporting, supplier and accounting management, modelling, simulation, historic analysis and forecasting capabilities. Although it was initially sold as an on-site installed solution due to the weight and size of the platform's services and capabilities, the company developed a cloud based alternative hosted on Cluster servers in 2012.
In 2013, the company had an initial offering of Kirib-denominated and South Hills dollar-denominated shares on the Auroran Stock Exchange and the Concordian Stock Exchange respectively that resulted in a total valuation 450 billion KRB. Teigo operates internationally and remains a leading producer of commercial logistics and supply chain management software solutions as well as shipping and warehousing services. The company has been an advocate of Just-in-time shipping to reduce its warehousing costs and to ensure speed and efficiency in supply chains.
Teigo is currently headed by Chief Executive Officer Ashmirah Ujmadeen, arguably one of the most powerful women in Packilvanian business. She inherited a 10% stake in the company from her father in 2001 and was appointed CEO later that year by the Board of Directors.