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    TWLO   US90138F1021

TWILIO INC.

(TWLO)
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Twilio : Fred IT Taps Twilio to Deliver Australia's First On-demand Prescriptions

07/16/2021 | 04:20am EST

Twilio (NYSE: TWLO), the leading cloud communications platform, today announced that Fred IT, Australia's largest dedicated pharmacy IT solutions provider, is using its Programmable Messaging API and Twilio Studio to provide electronic prescriptions to millions of Australians.

Electronic prescriptions, or ePrescriptions, allows patients who have registered for My Script List (MySL) to order their prescriptions with their local pharmacy via WhatsApp. This innovation makes it easier for patients to manage their ePrescriptions, and safer for healthcare professionals and patients during the ongoing COVID-19 pandemic.

Fred IT wanted to legalise electronic prescriptions and move away from paper. To do this, it needed to build a new system, which would traditionally take approximately six months. Instead, Fred IT implemented Twilio's Programmable Messaging API, which accelerated its timeline, from concept to market, from six months to eight weeks amidst a global pandemic.

Twilio's solutions are programmable versus out-of-the box, which gave Fred IT the opportunity to build on to Twilio's Platform. This was an important factor when Fred IT was evaluating vendor partners because an out-of-the box solution wouldn't have allowed Fred IT's tech team to easily and safely develop the right system. Twilio's APIs were able to integrate with Fred IT's system in a way no other vendor could.

Kristen Pimpini, Regional Vice President ANZ at Twilio said, 'We're proud to partner with Fred IT to bring the power of messaging services to continue providing innovative prescription services at such a critical time. Fred IT's electronic prescription service will empower doctors and pharmacists to leverage technological innovation to provide a safer and more convenient solution to millions of Australians, wherever they are.'

Prior to the pandemic, Fred IT's service eRx Script Exchange was already being used by thousands of Australian doctors and pharmacists, and had provided over 30,000 users transmissions. Today, eRX is being used by 21,000 doctors and 95% of pharmacies in Australia, and has provided over eleven million digital prescriptions.

Paul Naismith, Founder and CEO, at Fred IT said, 'Twilio is a reliable, stable and trusted partner. The wide range of features offered by Twilio align with our innovation strategy, so the partnership was a no-brainer. Our integration with Twilio has been part of what enabled us to increase the number of user transmissions, even amidst the pandemic driving greater demand for prescriptions.'

'We're thrilled to partner with Twilio to offer groundbreaking technology solutions to support different workflows, including ePrescribing and consent process.' said Naismith. 'As demand continues to grow, scalability with messaging services to support our future volume growth has been easier than ever. Twilio has allowed us to grow at scale, fast, meeting consumer expectations and changing behaviours. We've also recently launched a WhatsApp integration capability, providing digital prescriptions and meeting our customers where they are communicating.'

My Script List will work alongside the existing token workflows to provide patients with flexibility in how they digitally access their medications.

About Twilio

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world's communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world's most demanding applications. By making communications a part of every software developer's toolkit, Twilio is enabling innovators across every industry - from emerging leaders to the world's largest organizations - to reinvent how companies engage with their customers.

View all press releases

For inquiries, please contact us at:

press@twilio.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 768 M - -
Net income 2021 -944 M - -
Net cash 2021 3 737 M - -
P/E ratio 2021 -46,4x
Yield 2021 -
Capitalization 44 256 M 44 256 M -
EV / Sales 2021 14,6x
EV / Sales 2022 11,7x
Nbr of Employees 7 381
Free-Float 94,0%
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Mean consensus BUY
Number of Analysts 29
Last Close Price 248,17 $
Average target price 428,34 $
Spread / Average Target 72,6%
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Managers and Directors
Jeffery G. Lawson Chairman & Chief Executive Officer
Khozema Z. Shipchandler Chief Operating & Financial Officer
Michelle Grover Chief Information Officer
Jeremiah Brazeau Chief Technology Officer
Byron Bauer Deeter Independent Director
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