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 to Present at the Virtual Investor Summit Microcap ForumAccesswire
- Urgent.ly Inc. (NASDAQ: ULY) had its price target lowered by analysts at Needham & Company LLC from $2.00 to $1.50. They now have a "buy" rating on the stock.MarketBeat
- Urgently Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- 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
ULY
Sec Filings
- 11/20/24 - Form 4
- 11/13/24 - Form 10-Q
- 11/12/24 - Form 4
- ULY's page on the SEC website