Reading, UK - SwiftPostal, a 14-year veteran and expert provider of digital transformation services and automation solutions for the postal and logistics marketspace has been part of a transaction undertaken by Horizon Capital through the acquisition of Ascent Software with the aim to continue growing the value proposition and aiming to be a leading provider in the postal and logistics industry.
Last November (2019), Horizon Capital invested £30m in Ascent Software, a software-first digital transformation business focused on helping customers create advantage and increased customer value through technology. Backed by Horizon Capital and powered by Ascent Software, SwiftPostal is uniquely positioned to ensure its postal service providers continue to receive effortless access to technical expertise, customer service, solution delivery, and technical support as they accelerate their integration, go-to-market and development of new business partnership opportunities with governments and businesses.
“Swift Postal boasts industry-specific expertise and adds customer value, Intellectual Property and Product offering to the Ascent Group.” said CEO, Stewart Smythe, “Leveraging Ascent’s industry-specific expertise and talent for Digital Transformation and development, the specialized technology in Swift Postal Solution Suite and our industry Solution Strategists expertise, Swift Postal can more than ever position itself to provide the right platforms that support Postal Operators in increasing efficiency, scale-up parcel processing volumes and boost revenues.”
Led by Steve Camilleri Bowman, Swift Postal’s strategy is to focus on the growth of software for logistics and mailroom operations. “The Logistics and parcel sector is a booming industry” said Steve. “Our effort, focus and expertise is all directed towards providing Postal Operators and Logistics service providers worldwide with an advanced mail-room management solution that enables parcel management efficiency, parcel processing scale, and reliability without compromising on compliance and quality of experience.”
Established in 2003 and headquartered in Reading, Ascent today employs a team of over 350 staff developing software in two European centres and serving clients worldwide. Swift Postal is present in several countries spanning from Europe to the Caribbean covering all aspects of Postal services including parcel forwarding, tracking, courier scheduling, retail, philately and software offerings catering for other postal and logistics business units.
Swift Postal has been synonymous with solutions for regional postal operations. While being hugely successful in this model, with the expertise and technical resources of the new Ascent Group and the backing of Horizon Capital, Swift Postal’s efforts are now being focused on supporting enterprise-level Post Operators in achieving postal logistics efficiency and scale. “Our primary objective is to provide a scalable postal and logistics platform that can integrate with all mainstream postal retail solutions and extensively maximise the efficiency of back office operations, parcel and mailroom management” said Joseph Sultana, Co-founder and Ascent Group COO.
About Ascent Software
Ascent Software is a software-first digital transformation business focused on helping customers create advantage and increased customer value through technology. Powered by a team of senior experienced technical resources and solution strategists, Ascent Software supports businesses through strategic and complex, high-availability projects globally, assisting organizations digitally transform their service offerings and generate new revenue through software.
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