LLR Partners has made an investment in Miami-based Magaya Corporation, a provider of warehouse, cargo and supply chain management software solutions. No financial terms were disclosed. In addition to the funding, David Reuter, a partner at LLR Partners and Michael Pantilione, a vice president at LLR, will join the Magaya’s board of directors.
PHILADELPHIA & MIAMI–(BUSINESS WIRE)–LLR Partners today announced an investment in Magaya Corporation, a leading provider of warehouse, cargo and supply chain management software solutions.
Founded in 2001 by Co-CEOs Jose Yoniel Garcia, Jesus David Rodriguez and Gabriel T. Ruz, Jr., Magaya helps automate and improve business operations for freight forwarders, 3rd party logistics, wholesalers and distributors around the globe.
The company’s complete supply chain management solution covers the full logistics process to deliver goods from seller to buyer. The software empowers customers to process orders, manage and optimize their warehouse, and process shipments with accounting and communication functionality integrated at every step. Complemented by a wide range of services, Magaya’s offering includes tailored support and software education to help deliver cost reduction, reduce risk through the IT lifecycle, and enhance productivity.
“The Magaya team has built a comprehensive shipping, warehousing and accounting solution, further enhanced by world-class services,” said David Reuter, Partner at LLR Partners. “In addition to their technology, the breadth of Magaya’s reach was particularly impressive, currently extended to over 1,600 customers of all sizes operating global shipping routes across more than 75 countries. We are excited to help Magaya continue to invest in their growth, enhance their solution offerings and expand the company’s footprint.”
“We were committed to finding a partner who understood our market and end customer, and could help us grow,” said the three Co-CEOs of Magaya. “LLR’s track record of scaling software businesses similar to us in size, coupled with their experience working directly with business operations solutions for distributors, made the team the clear partner of choice for Magaya.”
David Reuter will join the Magaya Board of Directors along with Michael Pantilione, Vice President at LLR Partners.
About Magaya Corporation
Magaya Corporation develops software that automates and improves business operations. Our customers include leaders in the fields of logistics, warehousing, wholesaling and nearly every aspect of the supply chain. Our philosophy is to simplify complex and redundant processes to reduce or eliminate inefficiency. The growth of our customers is our growth, so we dedicate ourselves to helping them succeed.
In addition to continuously improving our software offering, we provide a complete range of consulting and implementation services to help your business accomplish your goals. The ripple effect of us creating the best products, providing the best customer training and support is we fulfill our promise to always be ahead. We help you innovate, automate and be more efficient.
About LLR Partners
LLR Partners is a middle market private equity firm committed to creating long-term value by growing its portfolio companies. LLR invests in several industries, with a focus on technology, healthcare and services businesses. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR and insights on scaling growth companies, visit www.llrpartners.com.