Magaya aims to disrupt freight software market with two 'bolt-on' acquisitions
Magaya Corporation, one of the top four logistics and supply chain software providers, has bought ...
Miami, FL – September 24, 2020 – Magaya Corporation, the leading provider of end-to-end logistics and supply chain automation software, today announced that it has acquired Catapult, a leader in freight rate management software. The acquisition provides a perfect complement to the Magaya ecosystem, delivering technology built around the specific rating and quoting needs of freight forwarders, NVOCCs, carriers, and others in the logistics industry.
“We celebrate a new milestone today as we formally join the Magaya team,” said Virgil Ferreira, CEO of Catapult. “Combined with the Magaya team, together we will draw on our decades of experience to push the boundaries of technological innovation to deliver outstanding solutions and service to companies in the logistics industry, from the specialist and niche, to the global and enterprise forwarder and NVOCC.”
Logistics companies are facing an era of unprecedented change. As global shipping rates are ever-changing and becoming more complicated, and as customer expectations continue to evolve, the sector is under acute and growing pressure to deliver better service while keeping costs low. The combined Magaya and Catapult technology solutions and deep domain knowledge deliver a competitive advantage, ensuring accuracy, efficiency, and fast speed-to-market with smarter quoting and rating decisions that integrate deep into the Supply Chain processes.
“The acquisition of Catapult is a strategic investment that supports Magaya’s plan for sustainable and profitable growth, while remaining agile and focused on operational excellence,” said Gary Nemmers, CEO of Magaya. “We are excited to partner with the Catapult team to drive new opportunities for innovation identified in collaboration with our larger combined customer base.”
By combining freight rate management together with a best-in-class platform for logistics and supply chain management, Magaya offers a solution suite that is unrivaled in the market. The combination further enables Magaya customers to grow their total business – all from a single platform.