Logistics software provider adds intermodal specialist to stable.
WiseTech Global continued its acquisition spree as it snapped up privately held transport management software vendor Trinium Technologies.
This will mark the Sydney-based company’s third acquisition in the U.S. this year. Terms of the deal were not disclosed.
Trinium’s software automates processes for drayage and intermodal trucking in moving sea freight containers between ports, rail terminals, container yards and warehouses.
The software handles order receipt, customer service, dispatch operations, billing and driver settlements, and container tracking.
It lists as customers many of the regional West Coast drayage and intermodal transport firms, including Horizon Freight System, NFI Industries, California Cartage Companies, ContainerPort Group, Schneider Logistics and The Pasha Group.
Trinium Managing Director Michael Thomas says the acquisition by WiseTech will broaden the software’s reach into adjacent markets, as well as expand its global footprint. The software will be folded into WiseTech’s supply chain platform, CargoWise One.
“With WiseTech, we have an opportunity to innovate and automate at a faster pace and future-proof our applications,” Thomas said.
Thomas, as well as chief technology officer Barry Assadi and vice president of marketing Dennis Lane will remain with the company.
WiseTech’s other U.S. deals have included Pierbridge, which provides software for parcel shipping, and SaaS Transportation, which provides management software for less-than-truckload carriers.
Globally, WiseTech has made 11 acquisitions focused mostly on automating customs processes, adding to markets in Europe, Asia and Latin America.
WiseTech’s CargoWise One software is used by 33 of the top 50 third-party logistics providers and 24 of the top 25 freight forwarders, according to a recent company presentation.
Thanks to the organic usage growth and acquisitions made last year, the company fiscal 2018 revenue to grow 39% to a range of AUD $210 million to $220 million, with operating earnings up 36% to AUD $71 million to $75 million.