GetSwift shares rocket on Ama­zon deal

Australian Transport News - - News | Inside The Industry -

Promis­ing Aus­tralian de­liv­ery and track­ing IT list­ing GetSwift has seen its share price more than dou­ble after an­nounc­ing a deal with Ama­zon.

Be­fore en­ter­ing a trad­ing halt on Fri­day, De­cem­ber 1, GetSwift’s price was $1.96 a share but by Mon­day it was sit­ting at $4.14.

With for­mer Mel­bourne AFL player Joel McDon­ald a driv­ing force, the com­pany listed al­most a year ago, start­ing at 27 cents.

“GetSwift is pleased to an­nounce that it has signed a global mas­ter ser­vices agree­ment with Ama­zon,” the com­pany says in its an­nounce­ment.

“The ex­tent of the ser­vices to be pro­vided and the rev­enues to de­rived will be gen­er­ated from spe­cific trans­ac­tions agreed with Ama­zon pur­suant to the mas­ter ser­vices agree­ment.

“Due to the terms of the agree­ment, the num­ber of de­liv­er­ies this agree­ment may gen­er­ate is cur­rently de­ter­minable.”

Mean­while, GetSwift has ap­pointed sea­soned Tel­stra ex­ec­u­tive Nevash Pil­lay to its board, say­ing that at Tel­stra she has played “an in­te­gral role in driv­ing strate­gic al­liances, the chan­nel and trans­form­ing the busi­ness go-to-mar­ket strat­egy”.

“She brings a very im­por­tant set of up to date skills ex­pe­ri­ences, point of view and net­works that will be an im­por­tant com­po­nent of the forth­com­ing com­pany roadmap,” GetSwift ex­ec­u­tive chair­man Bane Hunter says.

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