Phunware (PHUN) Stock Is Gaining In Multiples On HPE Partnership

Phunware PHUN Stock News

Phunware Inc (NASDAQ: PHUN) is rocketing in the market this morning, trading on gains of more than 300%. The gains come aftter the company announced that it has entered into a partnership with Hewlett Packard (NYSE: HPE) to offer mobile healthcare solutions. Here’s the news:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

PHUN Stock Rockets On Mobile Product Offering In Partnership With HPE

In the press release, Phunware said that it has partnered with Hewlett Packard. The partnership was designed to offer HPE’s healthcare customers a digital front door on mobile by integrating Aruba Networks mobility solutions with Phunware’s Multiscreen-as-a-Service healthcare products and solutions.

HPE is an important partner. Not only is the company a household name, it offers a global, edge-to-cloud Platform-as-a-Service. This includes both Aruba’s wireless solutions and the Meridian Platform.

On the other hand, the digital front door tech offered by PHUN and infrastructure is just as important. It allows for further integration with Aruba Beacons. This powers indoor mapping, navigation and wayfinding, as well as blue-dot location and proximity-aware push notifications, alerts, and messaging.

Ultimately, these solutions allow healthcare providers to better engage their patients while optimizing both operational and staff efficiencies. The result of these abilities is lowered costs and a boost in revenue.

The platorm will not only allow for the features mentioned above, but will also give providers the ability to move forward with appointment reminders, asset tracking, location sharing, dwell time monitoring, virtual visits and much more.

In a statement, Alan S. Knitowski, President, CEO and Co-Founder at PHUN, had the following to offer:

We are thrilled to partner with a worldwide leader in enterprise mobility, all while expanding the reach and distribution of our digital front door solution with HPE’s global customer base. By integrating Meridian location technology into our digital front door solution for healthcare, we expect to showcase the extensibility of our MaaS platform for Apple iOS and Google Android patient environments on mobile with real-time, one-to-one engagements, interactions and traceability, both indoors and outdoors.

This News Is Exciting

Ultimately, the news released today is overwhelmingly exciting. In the face of the COVID-19 pandemic, healthcare workers need all of the tools that they can get, and this suite will provide key tools to help. In particular, remote visits will help  providers avoid exposure while other features increase efficiencies within the office.

Not to mention, Phunware couldn’t have chosen a better partner. HPE already has a long downline of customers in the healthcare sector. Not to mention, the massive company has plenty of ability to support PHUN in its growth.

With access to a massive new audience and a partner like HPE, PHUN stock is one that should be on your radar.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Don’t Miss The Next Big Story

Join our free mailing list below to receive real-time news alerts!

Subscribe Today!

* indicates required

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.