Company Overview and News

 
Updater captures 17% share of all U.S. household moves

2017-10-20 proactiveinvestors.com.au
Updater Inc (ASX:UPD) has confirmed a market penetration of 16.59% of all U.S. household moves in Q3, an increase of 42% over Q2, in the self-executed (do it yourself) moving vertical.
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Updater Inc targets movers in pilot program with AT&T

2017-06-08 proactiveinvestors.com.au
Updater Inc (ASX:UPD) is starting a 9-month pilot program with AT&T Inc (NYSE:T) to test various communication strategies with consumers who are moving.
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Updater Inc to reveal material results

2017-03-15 proactiveinvestors.com.au
Updater Inc (ASX:UPD) has been granted a trading halt by the ASX, with its shares placed in pre-open.
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Updater Inc gets support from Fidelity to accelerate growth

2016-09-28 proactiveinvestors.com.au
Updater Inc (ASX:UPD) has received commitments to raise $30 million via a private placement of CHESS Depositary Interests (CDI) at $0.50 per CDI. The company received the support of Fidelity International, one of the world’s preeminent investors, along with Thorney Investment Group and other existing institutional shareholders. The proceeds from the placement will be used to accelerate growth, as Updater plans to expand its sales, client support, product and engineering teams.
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Updater Inc Ltd gets ready to raise

2016-09-26 proactiveinvestors.com.au
Updater Inc Ltd (ASX:UPD) has been granted a trading halt by the ASX this morning, pending details of a capital raising. The halt will remain in place until the opening of trade on Wednesday 28th September 2016, or earlier if an announcement is made to the market.
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Updater Inc to launch pilot with Liberty Mutual ahead of schedule

2016-09-16 proactiveinvestors.com.au
Updater Inc’s (ASX:UPD) pilot programs with Liberty Mutual and also with other moving companies will both launch ahead of schedule, aiming to prove the value of the Updater platform. Founded in 2010 and seeded by Australian investors, Updater is headquartered in New York City and develops technology to improve the consumer relocation process in the U.S. The company has developed a centralised tool that is used by people who move houses to manage services such as mail forwarding, transferring utilities and updating addresses.
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Updater Inc gains larger share of U.S. household moves

2016-08-03 proactiveinvestors.com.au
Updater Inc (ASX:UPD) is continuing the trend of significant growth by processing 79,781 unique household moves in July, equating to an estimated market share of 5.35% of all household moves in the U.S. Updater’s market share has climbed to 5.35%. The company has built a centralised tool that is used by people who move houses to manage services such as mail forwarding, transferring utilities and updating addresses.
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Updater Inc is winning market share in the U.S.

2016-07-22 proactiveinvestors.com.au
Updater Inc (ASX:UPD) has processed nearly 90,000 unique household moves in June, equating to an estimated market share of 4.74% of all household moves in the United States. The company’s volumes have grown significantly by processing 89,347 moves in June, a 39% increase compared to 64,284 moves in May. Updater’s centralised tool is used by people who move houses to manage services such as mail forwarding, transferring utilities and updating addresses.
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Updater Inc to provide relocation platform to Liberty Mutual Insurance customers

2016-07-12 proactiveinvestors.com.au
New York based Updater Inc (ASX:UPD) has signed a business product pilot with Liberty Mutual Insurance, integrating Updater’s relocation technology platform for its customers. Updater’s technology has garnered a share of U.S. household moves, by providing a centralised tool for people to manage services such as mail forwarding, transferring utilities and updating addresses. The pilot with Liberty Mutual will last for 12 months and is structured as an iterative and collaborative partnership to test various communication strategies with movers.
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