r clarke
4 years ago
GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of last mile SaaS logistics technology, today announced a proposal to re-domicile from Australia to Canada, resulting in a new listing on the NEO Exchange in Toronto.
"We have made no secret of the fact that our customers and shareholders across North America have supported our focus on the region with increased business and continued investor support," said GetSwift Chief Executive Officer Bane Hunter. "Our focus on the world’s leading markets as we continue seeking growth in all regions is simply good business."
GetSwift has expanded dramatically since listing initially in Australia in 2016, with its headquarters along with the majority of its customers and shareholders now located in Canada and the United States. Particularly during the coronavirus pandemic, GetSwift has been proud to enable restaurants, farms, dairies, and clients in many other categories take delivery into their own hands to ensure business carried on in local communities in North America and around the world. GetSwift looks forward to its next phase of expansion as a NEO-listed company.
Reasons for the Re-domiciliation:
After considering the relative merits of the re-domiciliation compared to its current listing on the Australian Securities Exchange (ASX), the company’s Board directors are of the unanimous view that there are a number of significant advantages and benefits with this action. In particular, the Board believes that the re-domiciliation will:
align GetSwift’s corporate structure with its business operations in North America, which is where it is headquartered in New York City and its management and a significant proportion of its customers and shareholder base are now situated;
better position GetSwift for continued international growth, in recognition that a majority of its customers acquired since the Company’s IPO have been located across North America, Europe, the Middle East, Africa, and South America;
increase the attractiveness of GetSwift to a broader range of investors in a market which is familiar with and more likely to invest in early to mid-stage technology companies, which may lead to a stronger valuation of GetSwift over time and improve liquidity in trading of shares; and
result in overhead costs savings to GetSwift by reducing costs currently incurred as a result of being listed in a time zone and geographic location not aligned to the location of its headquarters and a large proportion of its customer base (by number) and shareholders (by value).
Next Steps:
GetSwift shareholders do not need to take any action at this stage.
The Board will keep the market informed of any material developments in accordance with its continuous disclosure obligations.
Jones Day is acting as Australian legal adviser to GetSwift. Dentons is acting as Canadian legal adviser to GetSwift and Holdco.
About GetSwift Limited
Technology to Optimise Global Delivery Logistics
GetSwift is a worldwide leader in delivery management automation. From enterprise to hyper-local, businesses across dozens of industries around the globe depend on our SaaS platform to bring visibility, accountability, efficiency and savings to their supply chain and "Last Mile" operations. GetSwift is headquartered in New York City and is listed on the Australian Securities Exchange (ASX:GSW). For further background, please visit GetSwift.co.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200904005159/en/
r clarke
4 years ago
GetSwift Launches “Fleets” to Help Clients of Any Size Manage Their Own Deliveries
Fleets allows clients to share drivers across locations or even with other companies
Fleets helps small companies operate independently of 3rd-party platforms
July 22, 2020 05:19 PM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, has released a major new feature called Fleets that will allow clients to share their drivers across locations or even with other companies to make deliveries more efficient.
“We are changing the fundamentals of delivery models globally – the old models will, in our opinion, go the way of the dinosaurs, so I would not be surprised if that has made a number of them nervous”
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Importantly, with many smaller companies under pressure to offer delivery during the coronavirus pandemic, Fleets makes it easier for clients to take control of their own driver networks rather than use costly third-party services.
“This is just but one step on our global product roadmap and the vision we have been working on for a while,” said GetSwift CEO Bane Hunter. “Innovation and product being my passion, everything we strive to do product-wise is geared towards enabling our clients and partners to generate hyper growth, increase profitability, decrease costs and eliminate the need to be dependent on platforms that will bleed them of 30% or more of their revenues.”
Previously, any last-mile business—from restaurants to cloud kitchens to manufacturers—had to arrange each of their individual store locations under a separate GetSwift dashboard, with a distinct group of drivers. Now, any organization, no matter how big or small, can set up multiple merchants, fleets of drivers, and distinct delivery boundaries, operating it all from one unified dashboard.
One New York City GetSwift client, the cloud kitchen Orbital Kitchens, sees Fleets as a way to help fuel its expansion. “Our goal is to open up multiple smaller locations by the fall. Fleets can really help us route our delivery guys from multiple locations,” said Orbital Kitchens Co-Founder David Richer.
Another new feature, Pre-Scheduled Dispatching & Routing, gives organizations the ability to enter hundreds of scheduled jobs, draw and edit delivery zones, and automatically dispatch and route the day’s jobs to dozens of drivers across multiple fleets.
The advanced new features build on the many more GetSwift has launched in 2020 and are part of the strategic product launch schedule the company has in place for the next 12 months. Another example is the company's in-app Cash Management unveiled earlier this year. Right from their dashboard, businesses can track all cash flowing in and going out from each driver. They can record cash floats, set limits on each individual driver, and even offer cash incentives based on driver performance.
“We are changing the fundamentals of delivery models globally – the old models will, in our opinion, go the way of the dinosaurs, so I would not be surprised if that has made a number of them nervous,” Hunter said. “We, on the other hand, are delighted to see the revitalization of small, medium and large business and their success in creating new jobs as a result of their growth through the application of the tools we provide them.”
Contacts
Media enquiries:
James Richardson, Public Affairs Advisor
james.richardson@dentons.com +1 202-408-9160
Investor enquiries:
investors@getswift.co
Company Secretary:
Julian Rockett:
julian.rockett@boardroomlimited.com.au
+61 2 8016 284
https://www.businesswire.com/news/home/20200722005930/en/
r clarke
7 years ago
Was wondering if anyone has been involved with this stock?
Has moved up nicely last few weeks , but is down last few days.
Getswift Limited, a technology company, provides business-to-business Software-as-a-Service solution. Its platform enables businesses of various sizes and industry verticals to automate the dispatching and tracking of delivery tasks, as well as optimize and enhance the delivery experience and service for their employees and end customers. It serves customers in Australia, the United States, Latin America, Europe, and Asia
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