Urgently Completes Strategic Divestiture of The Floow in Support of Core Business Focus
Urgent.ly Inc. (ULY)
Company Research
Source: GlobeNewswire
VIENNA, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the strategic divestiture of its wholly owned subsidiary, The Floow, a leading provider of connected insurance technology. The transaction is part of Urgently’s strategic effort to divest non-core assets and dedicate its resources to advancing its core business. Urgently powers the roadside assistance programs of global automotive, insurance, telematics and other transportation-focused vertical brands. Its mobility assistance platform dynamically matches vehicle owners and fleets with service providers who deliver roadside assistance, proactive maintenance and repair services. “We are excited about this step, which we believe enables us to operate with a sharper focus on our core roadside and mobility assistance business,” said Matt Booth, Chief Executive Officer of Urgently. “
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News
- Urgently Announces Third Quarter 2024 Earnings Release Date and Conference Call; Participation in Upcoming Investor ConferencesGlobeNewswire
- Global Car Rental Company Renews Contract with Urgently for Roadside Assistance Technology and ServicesGlobeNewswire
- Urgently Earns AutoTech Breakthrough Award for ‘Overall Transportation Tech of the Year’GlobeNewswire
- Urgently Secures Three-Year, Roadside Assistance Contract Renewal with Global Automotive Fleet Management Customer PartnerGlobeNewswire
- Urgently notified by Nasdaq of non-compliance with minimum bid price requirement [Seeking Alpha]Seeking Alpha
ULY
Sec Filings
- 10/24/24 - Form 4
- 10/22/24 - Form 4
- 10/22/24 - Form 4
- ULY's page on the SEC website