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Gett, a leading corporate Ground Transportation Management (GTM) platform, has enhanced its capabilities to prioritize employee safety as businesses resume corporate travel amid easing COVID-19 restrictions. The upgraded platform allows enterprise clients to implement customized travel policies across over 1,700 fleet partners, aimed at facilitating safer transportation for employees with specific health needs. Gett’s B2B passenger volumes have returned to over 80% of Q1 2020 levels, indicating a rebound in global business travel. Gett plans to combine with Rosecliff Acquisition Corp I (NASDAQ: RCLF) to trade under the symbol GETT.
Rosecliff Acquisition Corp I (NASDAQ: RCLF) has announced a definitive business combination with Gett, a leading corporate Ground Transportation Management platform, valuing the transaction at $1 billion. Gett, serving over a quarter of Fortune 500 companies, helps businesses reduce ground transportation expenses by 25% to 49% through its cloud-based software. The deal could provide up to $253 million from Rosecliff's trust and an additional $30 million from investors. This merger aims to enhance Gett's leadership in a fragmented $100 billion market and is expected to close in the first half of 2022.