Mercator said Wednesday it has acquired Catapult International. Financial terms weren’t announced. Kansas City-based Catapult is a technology-enabled solutions provider for freight forwarders, shippers, and carriers worldwide. Mercator is backed by Warburg Pincus.
DUBAI, UAE and KANSAS CITY, Missouri, June 24, 2015 /PRNewswire/ —
Mercator, a leading provider of solutions to the global travel, transportation, and logistics (TTL) industry, backed by a leading global private equity firm focused on growth investing, Warburg Pincus, today announced that it has acquired Catapult International, a technology-enabled solutions provider for freight forwarders, shippers, and carriers worldwide. Catapult will retain its management and brand under its new name: Catapult, a Mercator company.
Headquartered in Kansas City, Catapult is one of the fastest growing technology companies in the transportation management sector. The company’s key solutions include Catapult QMS®, QMS Lite, and Spring Board, which simplify rate and quote management, allowing clients to quickly determine optimal carriers for their routes and provide fast, accurate quotes. Catapult’s solutions are used by more than 25,000 users at freight forwarders, NVOCCs, carriers, and shippers around the globe, which represent the largest share of NVOCC ocean contracts worldwide.
The acquisition is the first step in achieving Mercator’s vision to leverage its aviation heritage across the TTL lifecycle, keeping people and cargo on the move, safely, on-time and cost-effectively.
David Tibble, Mercator’s Executive Chairman said, “To build upon our already strong position in the aviation technology-enabled solutions market, Mercator has been looking for a platform that provides the right extension into the ocean and ground carrier market. Catapult is key to our strategy of optimizing critical transportation processes through an unparalleled combination of technology, business process outsourcing, analytics, and data management. With the Catapult solution set, we will enable enterprises to make smarter, real-time decisions at that point in the transportation lifecycle where accurate and fast quotation can make the difference between profit and loss on a shipment.”
Matt Motsick, Catapult’s Chief Executive Officer commented, “In leveraging their significant technology and aviation experience as well as track record of developing market-leading solutions, we believe that Mercator is the right firm to unleash Catapult’s potential in the air/ocean/ground transportation management sector. We will provide broader functionality across the multi-modal logistics industry delivering deeper efficiencies for operations.”
About Catapult International
With offices in Kansas City, San Francisco, Hamburg, Hong Kong and Cebu, Catapult International provides technology-enabled solutions for freight forwarders, shippers, and carriers worldwide. Managing over one billion cargo rates at over a 99 percent accuracy rate, Catapult combines air, ocean and ground rate contracts into one simple cloud-based system, enabling operations and sales departments to get their best carrier rate from point A to point B and realize dramatic efficiency improvements. For more information: http://www.gocatapult.com
Mercator is a leading provider of software and tech-enabled outsourcing solutions to the global travel, transportation, and logistics industry. The company enables clients to simplify the movement of people and goods around the world. Our aviation heritage, built from years of experience in developing IT solutions specifically for airlines, gives us unrivalled insight. Our specialized team of experts developed a specific portfolio of solutions, rigorously testing them in the real world. Our key solutions and services include Cargo & Logistics Management, Revenue Accounting, Customer Experience, and Passenger Services. These technologies manage critical processes for all segments of the TTL industry. For more information, please visit http://www.mercator.com.