Urgently appoints Alex Zyngier to its board, enhancing strategic growth and operational expertise in digital roadside assistance services.
Quiver AI Summary
Urgently Inc. has announced the appointment of Alex Zyngier to its board of directors, effective January 23, 2025. Zyngier, a seasoned leader with over 30 years of experience in investment, strategy, and operations, brings significant expertise as the company aims to transform the roadside assistance industry. CEO Matt Booth expressed excitement about Zyngier's contributions, highlighting the company's progress in operational improvements and customer value. Zyngier, currently the Founder and Managing Director of Batuta Capital Advisors, has held leadership roles in various firms and has a strong background in finance and strategic advisory. He is eager to assist Urgently in enhancing its operational excellence and expanding its influence in the mobility ecosystem. Urgently focuses on providing innovative roadside assistance through its technology-driven platform, aiming to enhance customer experiences in partnership with major brands.
Potential Positives
- Appointment of Alex Zyngier to the board brings over 30 years of relevant experience, enhancing the company's strategic direction and operational excellence.
- Alex's experience in complex transactions and growth strategies is expected to contribute to Urgently's transformation in the roadside assistance industry.
- The announcement underscores Urgently's positive momentum in the marketplace, highlighted by significant contract renewals, expansions, and new customer acquisitions.
- The press release emphasizes the company's commitment to delivering exceptional customer experiences and value to its partners, reinforcing its competitive position in the industry.
Potential Negatives
- Appointment of a new board member may raise concerns about the company's governance and the necessity of such a hire amidst ongoing challenges in the market.
- The emphasis on "transforming the roadside assistance industry" could indicate that the company is facing significant competition or pressures that necessitate a change in strategy.
- Despite highlighting past successes, the press release does not mention any specific future growth strategies or objectives, potentially signaling uncertainty about forward plans.
FAQ
Who is the newly appointed board member of Urgently?
Alex Zyngier has been appointed as a member of the board, effective January 23, 2025.
What experience does Alex Zyngier bring to Urgently?
Alex has over 30 years of experience in investment, strategy, governance, and operations across various industries.
What are Urgently's main focus areas?
Urgently focuses on digital roadside assistance and mobility solutions, enhancing safety and customer experience through technology.
How has Urgently performed since going public?
Urgently has shown remarkable progress in margin expansion, contract renewals, and customer acquisitions since its public debut.
What technologies does Urgently leverage for its services?
Urgently utilizes location-based services, real-time data, AI, and machine-to-machine communication to enhance roadside assistance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ULY Insider Trading Activity
$ULY insiders have traded $ULY stock on the open market 34 times in the past 6 months. Of those trades, 0 have been purchases and 34 have been sales.
Here’s a breakdown of recent trading of $ULY stock by insiders over the last 6 months:
- VOLKOW BEN has made 0 purchases and 34 sales selling 172,546 shares for an estimated $118,400.
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$ULY Hedge Fund Activity
We have seen 8 institutional investors add shares of $ULY stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACK MAPLE CAPITAL MANAGEMENT LP removed 122,965 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $83,603
- B. RILEY FINANCIAL, INC. removed 83,197 shares (-20.0%) from their portfolio in Q3 2024, for an estimated $56,565
- GEODE CAPITAL MANAGEMENT, LLC added 50,528 shares (+84.5%) to their portfolio in Q3 2024, for an estimated $34,353
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 48,491 shares (+inf%) to their portfolio in Q3 2024, for an estimated $32,969
- BANK HAPOALIM BM removed 14,891 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $7,594
- ROYAL BANK OF CANADA removed 7,579 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $5,152
- HIGHTOWER ADVISORS, LLC added 5,000 shares (+43.4%) to their portfolio in Q3 2024, for an estimated $3,399
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VIENNA, Va, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq:
ULY
) (“Urgently” or “the Company”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today its board of directors has appointed Alex Zyngier to serve as a member of the board, effective January 23, 2025.
“Alex is a seasoned leader with a proven track record of navigating complex business challenges and driving growth,” said Matt Booth, Chief Executive Officer and President of Urgently. “With over 30 years of investment, strategy, governance and operating experience across a range of industries, Alex brings a wealth of expertise to Urgently as the Company continues to transform the roadside assistance industry. We are thrilled to welcome him to our board and look forward to his contributions.”
“I am honored to join the Board of Directors at Urgently, a company at the forefront of digital innovation in roadside assistance,” said Alex Zyngier. “Since debuting as a public company, Urgently has made remarkable progress in driving margin expansion through financial and operational improvements, while continuing to deliver an exceptional customer experience and value to its partners. In addition, the Company has demonstrated positive traction in the marketplace, as evident by the significant contract renewals, expansions and new customer wins. Urgently is at an exciting point in its growth, and I look forward to working with the board and leadership team to help drive strategic initiatives, enhance operational excellence, and expand Urgently’s impact on the mobility ecosystem.”
Alex is the Founder and Managing Director of Batuta Capital Advisors, a private investment and advisory firm. He currently serves as Chairman of the Board for COFINA and EVO Transportation, as well as a director for various public and private companies, including Atari SA, Nu Ride, SlamCorp and Unifin Financiera. His extensive experience includes leadership roles in complex transactions, mergers and acquisitions, and strategic financial advisory. Alex’s diverse background spans roles as a Portfolio Manager at Alden Global/Smith Management, Goldman Sachs, and Deutsche Bank, focusing on distressed investments and special situations. He has also served as an Engagement Manager at McKinsey & Co. and a Technical Brand Manager at Procter & Gamble. His educational background includes an MBA in Finance and Accounting from the University of Chicago and a Bachelor of Science in Chemical Engineering from UNICAMP.
About Urgently
Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit
www.geturgently.com
.
For media and investment inquiries, please contact:
Press:
media@geturgently.com
Investor Relations:
investorrelations@geturgently.com
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