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Location, location, location - with a twist

Johannesburg, 06 Jun 2012

Most South Africans on Facebook are familiar with foursquare, the location application that allows them to tag where they are with a simple app.

A local start-up has taken location-based services to an entirely new level. Designed to make location sharing easier and more fun, !Waytag is an application that allows users to create their own personal or business location tag that can be used by other !Waytag subscribers to immediately identify a location.

The concept is simple. Instead of using the traditional long-winded physical address details of a location, !Waytag takes the geo-location co-ordinates and turns them into a tag named plainly in a few words, for example '!Bobhome' or '!Woolworths.Sandton.City' (no spaces).

“The concept works much like the domain name of most Web sites: It's easy to remember a string of normal characters that you can type into any Web browser and get to the site you want. Behind that simple name, of course, lies a far more complex IP address system,” explains Richard Firth, CEO of MIP Holdings. “It makes no sense to have to type a long address or GPS co-ordinates into a GPS device when you can simply find the person or business you are looking for through the !Waytag application.”

!Waytag users create a free address (!waytag) that they can name, update and manage. The tag can be linked to an individual, a set location or a business, and the owner of the !waytag can choose who to share it with, and can update it on the move. This offers individuals and businesses unlimited ways to make their locations easy to find.

“For example, ordering a pizza can be as simple as sending Debonairs your !Waytag, knowing that the pizza will find you, whether you're at home or sitting on the beach. Or if a business moves, updating its address information is as simple as updating its !Waytag. Now, there's no need to give long-winded addresses or directions to someone, just send them the !Waytag,” says Firth. “Not only does !Waytag provide its own value proposition, it enhances location-based applications such as foursquare by providing an even simpler and more convenient way for businesses and individuals to interact with location.”

The obvious ease-of-use of this system has prompted global GPS giant TomTom to sign a four-year agreement with !Waytag to deliver maps and Points of Interest to power this unique location platform. Firth points out that businesses can use this to their advantage, taking ownership of their GPS-labelled Points of Interest in the form of a !Waytag.

“Your !Waytag is yours for life and can be updated wherever you are. When you move, simply update your !Waytag and those you have shared it with will be directed to your new location. Now companies can rest assured that their customers will always know where they are - and that their location will be highlighted to all !Waytag users in the neighbourhood and, in the future, any online GPS device.”

In addition to using the !Waytags as a simple means of highlighting a location, companies can use the !Waytag API to enhance their business. “Banks can use !Waytags as a means of identifying credit card and ATM fraud; retailers can offer location-based specials, and deliveries will always reach the right person at the right place,” Firth adds. “The functions of this application are endless. It's no wonder then that internationally renowned TheNextWeb nominated !Waytag one of the most innovative start-ups of the year.”

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MIP Holdings

MIP Holdings is one of the world's leaders in the provision of 'risk-based' billing services to mainly, but not exclusively, the financial services industry. The company designs and develops software solutions that focus on the collection of contributions and payment of benefits in the healthcare, employee benefits, and life assurance, as well as in personal finance, integrated lending systems and treasury.

With a focus on meeting client-specific requirements and through extensive investment in technology, MIP 'future-proofs' its solutions. Strict adherence to industry standards, as well as stringent internal control over standards and quality assurance, ensure the systems that MIP develops meet all client expectations.

Expanding into the telecoms sector through its purchase of Itemate, MIP Holdings provides telecoms operations and management solutions to communications service providers worldwide. The company's specific skills in the area of mobile prepaid value chains, prepaid product life cycle management analysis, voucher management systems and mobile financial services enable it to provide an end-to-end service. Its most recent acquisition, !Waytag, further enhanced the company's ability to provide a comprehensive solution to its clients through the unique !Waytag offering of location-based services.

MIP Holdings was founded in 1989 and is based in Johannesburg, South Africa, with additional offices in Cape Town.

Editorial contacts

Mia Andric
exposure
mia@exposureunlimited.net