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.
he pilot will begin after a three-month technology integration period.
The primary goals of the pilot are to prove the value of the Updater platform for Liberty Mutual and other businesses in the industry, and simultaneously improve the Updater experience for movers.
The partnership with Liberty Mutual, a Fortune 100 company with over 50,000 employees and nearly US$40 billion in annual revenue, is a significant achievement for Updater.
Updater has received significant investments from U.S. venture capital firms including SoftBank Capital and IA Ventures, prior to listing on the ASX in December 2015.
Updater is traded in Australia through Chess Depository Interests (CDIs) for a foreign company on the ASX.