GetSwift Announces Two Strategic Acquisitions in North America

Acquires Delivery BIZ Pro and Scheduling+

  • Integrates Intelligent Employee Scheduling, Task Management + Time
    & Attendance to GetSwift’s End-to-End Solutions
  • Introduces Recurring Home Delivery Software to GetSwift’s Global
    Delivery Automation Platform
  • Positions Company for Next Phase

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24GSW&src=ctag” target=”_blank”gt;$GSWlt;/agt; lt;a href=”https://twitter.com/hashtag/colorado?src=hash” target=”_blank”gt;#coloradolt;/agt;–GetSwift Limited (ASX: GSW) (“GetSwift” or “the Company”), a leading
provider of SaaS logistics technology, today announced the signing of a
definitive agreement for the acquisition of the North American delivery
management platform Delivery BIZ Pro and the acquisition of popular
workforce scheduling provider, Scheduling+.

Delivery BIZ Pro (“DBP”) is a privately held SaaS company based in the
United States that offers a subscription-based cloud service for
businesses with recurring product orders particularly within the
produce, meal kit, dairy, farm-to-table, water, home and commercial
delivery sectors. DBP’s platform brings together four key components
that allow recurring delivery industry sectors to employ the best
methodology for their logistics fulfillment.

“Delivery BIZ Pro is a proven and leading delivery management system in
the attractive recurring delivery market in North America,” said Bane
Hunter, CEO, GetSwift. “With its diverse product offering including
front-end ordering, route mapping and business intelligence, DBP and
GetSwift will enable customers to have an end-to-end last mile solution
in key markets. We are very excited about the potential to leverage our
infrastructure and resources for our combined growth.”

Scheduling+ (“SP”) is the flagship product of a privately held SaaS
company based in the United States, Web Software, LLC, that combines
staff scheduling, task management, time and attendance recordkeeping,
and payroll into one easy to use subscription-based cloud solution,
which allows businesses of all sizes to reduce the amount of time spent
on employee management and optimize human capital management.

“Employee scheduling is a major pain point for many of our customers and
a dependency when scaling delivery growth. Integrating Scheduling+ into
GetSwift’s platform provides a best-in-class scheduling solution for our
clients – one that will fully integrate into our platform,” Hunter said.
“In addition to offering scheduling services to GetSwift clients,
Scheduling+ represents a tremendous global growth opportunity to
penetrate and automate the antiquated workforce scheduling market for
small, medium, and enterprise customers. Instead of having to partner
with external providers for this function we are now able to offer this
as a comprehensive proprietary solution. We are excited about the new
growth platform that SP brings to our business.”

Key employees from both companies, including their founders who will be
incentivized to remain for at least 2 years, will be joining GetSwift
and will be integrated into the existing team. Hunter said, “We are
excited to expand the size of GetSwift’s product offerings, and add
technical, product, sales and marketing expertise, with acquisitions
that we believe will create long-term shareholder value.”

“Delivery BIZ PRO has focused on delivering innovative SaaS solutions to
the large and growing farm-to-table market in North America, among other
sectors, for the last ten years,” said Judd Payne, CEO and co-founder of
Delivery BIZ PRO. “We’ve had a myriad of options, but the opportunity to
become a part of GetSwift and to work closely with its executive
management was a very important factor for us. We aim to leverage the
sales and growth infrastructure of GetSwift, expand our scale, and
accelerate our ability to penetrate the last mile delivery market with
our joint cloud-based solution.”

“There are over 2 billion hourly paid workers and drivers globally and
many employers are using outdated methods to manage their workforce. The
addressable market opportunity is very large for our cloud-based
scheduling software,” said Erick Prohs, CEO and co-founder of
Scheduling+. “Joining GetSwift’s SaaS platform allows us to leverage
best-in-class global management, sales, product, and engineering teams
to accelerate our ability to provide our scheduling services to
businesses to optimize and increase the efficiency of their hourly
workforce operations. We are very excited by the potential of what our
combined platforms will deliver.”

Details Regarding the Acquisitions

The board of directors of GetSwift has unanimously approved the
transactions.

As part of the acquisition of Scheduling+, GetSwift will no longer rely
on third party scheduling solutions on its platform and will replace
them with Scheduling+ and its forthcoming AI components.

Under the terms of the transactions, GetSwift acquisition consideration
for the assets of DBP and for SP is comprised of USD $4.5 million in
cash, plus assumption of liabilities, with a USD $1 million payment
structure for Scheduling+ over a 12-month period. GetSwift will fund the
cash consideration with cash from its balance sheet. The transaction is
not subject to any financing condition. Evershed Sutherland LLP acted as
legal advisor to GetSwift on these transactions.

GetSwift is an emerging growth company and is subject to a variety of
risks. The Company is not yet profitable, and there can be no assurance
that it will achieve profitability. The Company’s business and a variety
of investment considerations are discussed in more detail in the
Company’s filings with the Australia Securities Exchange (ASX).
Investors are encouraged to review the more complete information
contained in such filings.

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.

Contacts

Media enquiries (Australia): Tony Gray: [email protected]
Media
enquiries (Outside Australia): John Jannarone: [email protected]
Investor
enquiries: [email protected]
Company
Secretary: Sophie Karzis: [email protected]
+61 3 8622 3351

error: Content is protected !!