SaaS

FTV Capital: Growth equity in a ‘flight to quality’

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Interest rates are up and growth rates are down, which has forced private equity investors to...

https://www.freightwaves.com/news/ftv-capital-growth-equity-in-a-flight-to-quality

Frayt raises $7M to expand Midwest last-mile services

On-demand delivery platform Frayt announced Tuesday it has closed $7 million in Series A funding led by Refinery Ventures with participation from Capital Midwest, Venture 53 and the JobsOhio Growth Capital Fund to continue executing its objective of not only building a marketplace for shippers to obtain last-mile services but to encourage its driver network’s entrepreneurial spirit. 

“We are looking to empower these independent contractors and truly treat them as owners of their businesses,”...

ABS Launches New SaaS, ABS WavesightTM

Credit: marcofedermann/Pixabay

A new maritime software as a service (SaaS) business called ABS WavesightTMwhich will help shipowners and operators streamline compliance while maintaining competitive, more effective, and sustainable operations, was officially launched by ABS today, as reported by Cision.

Broader business strategy

The industry-leading platforms Nautical SystemsTMand My Digital FleetTMwhich are jointly installed on more than 5,000 vessels across the global fleet are combined to...

https://mfame.guru/abs-launches-new-saas-abs-wavesighttm/

Last-mile SaaS provider FarEye opening US hub in Chicago

FarEye expands U.S. operations for its last mile SaaS platform

In a major expansion, last-mile logistics software-as-a-service provider FarEye announced Monday it will be adding a Chicago office from which it plans to drive half of its global field operations by year’s end. The New Delhi-based company is also deepening its roots in Latin America by investing in a new facility in Mexico.

With its Intelligent Delivery Management Platform, FarEye aims to help brands scale their last-mile delivery networks through a combination of delivery optimization...

https://www.freightwaves.com/news/last-mile-saas-provider-fareye-opening-us-hub-in-chicago

ShipHero acquires Florida-based Cargo Cove Fulfillment

ShipHero acquires Florida fulfillment service Cargo Cove Fulfillment

In a bid to tap into Florida’s retail supply chain, e-commerce fulfillment platform ShipHero announced on Friday the acquisition of Jacksonville-based Cargo Cove Fulfillment, a full-service logistics company with over 50 partnering e-commerce brands. Those companies will now be integrated into ShipHero’s network of 5,000-plus partnering brands.

For ShipHero, the move is all about growth. The company now has a presence in the most populous city in one of the most populous states, bolstering the...

https://www.freightwaves.com/news/shiphero-acquires-florida-based-cargo-cove-fulfillment

ABB offers new fleet-wide performance optimization solution

A new online platform, ABB AbilityMarine Fleet Intelligence – Advisory, combines the power of cloud-based analytics and reporting with user-friendly visualizations to help shipowners, managers and charterers optimize ship performance fleet-wide.

Offered as software-as-a-service (SaaS), the solution can collect data from a wide variety of vessel systems. It provides a complete overview of all data collected from shipboard systems, making it possible to compare a ship’s operational performance...

https://www.marinelog.com/technology/abb-offers-new-fleet-wide-performance-optimization-solution/

Trucker Tools acquired to scale faster, expand services

ASG announced Tuesday that it has acquired digital freight management platform Trucker Tools. While the terms of the transaction were not disclosed, Trucker Tools’ last valuation was $65 million.

ASG buys, builds and operates vertical software-as-a-service (SaaS) companies as a portfolio company of Alpine Investors. Trucker Tools is ASG’s 35th acquisition and will join a number of logistics companies under its wings, including e-Courier, a final-mile visibility software; Record360, an equipment...

https://www.freightwaves.com/news/trucker-tools-acquired-to-scale-faster-expand-services

H.I.G. Capital makes strategic investment in Cleo

Cleo, which like other companies involved in business-to-business (B2B) technology, saw rapid growth in the past year as online commerce and communication accelerated, has received a strategic investment from an affiliate of alternative investment firm H.I.G. Capital.

The companies did not disclose how much the investment was, and Cleo declined to provide an update of previous investment rounds.

Mahesh Rajasekharan, president and CEO of Cleo, told Modern Shipper the investment will “strengthen...

https://www.freightwaves.com/news/h-i-g-capital-makes-strategic-investment-in-cleo

OneRail expands final-mile delivery network with 1 million additional drivers

OneRail adds delivery drivers to last mile network

OneRail has expanded its final-mile delivery offerings to include an additional 1 million couriers as part of its Logistics Partner Network.

OneRail coordinates rate shopping and the execution of shipments across all final-mile shipping modes, completely automating dispatch and tracking. The latest expansion means there are now 7.5 million drivers across 220 delivery networks available as part of the Logistics Partner Network. This includes popular carriers like Frayt, Hailify, Lyft, Skipcart,...

https://www.freightwaves.com/news/onerail-expands-final-mile-delivery-network-with-1-million-additional-drivers

Redwood Logistics acquires Skipjack and PGL, launches Redwood Parcel

Chicago-based Redwood Logistics has announced it acquired Skipjack Supply Chain, a multi-carrier software-as-a-service (SaaS) parcel platform, and Proactive Global Logistics (PGL), a non-asset-based parcel service provider, to create an integrated solution named Redwood Parcel. 

“Redwood customers can now enjoy a fully integrated parcel solution, offering rating, labeling, visibility, analytics, reporting and savings through our enhanced parcel expertise,” said Mark Yeager, CEO of Redwood...

https://www.freightwaves.com/news/redwood-logistics-acquires-skipjack-and-pgl-launches-redwood-parcel

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