SEG Client, BestTransport, Acquired by Descartes Systems Group
Aug. 21, 2019 -- Software Equity Group (SEG) announces its client, BestTransport, best of breed provider of cloud-based transportation management software focused on flatbed-intensive manufacturers and distributors, has been acquired by Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce. SEG served as exclusive advisor to BestTransport.
BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport's platform to more efficiently manage numerous shipments each year across North America and Europe. The company offers a full TMS suite of solutions from contract rate management to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.
"Moving goods in the flatbed market requires domain expertise and special equipment, and the associated transportation management processes have some unique characteristics," said Andrew Roszko, EVP of Global Sales at Descartes. "BestTransport has built a great business by creating a platform that addresses these unique characteristics with solutions available for both shippers and carriers."
"BestTransport, like Descartes, sees the value in creating a common platform for multiple constituents to collaborate and manage the lifecycle of shipments," said Edward J. Ryan, Descartes' CEO. "By combining BestTransport's platform with our Global Logistics Network, we can offer additional solutions to the community, such as Descartes MacroPoint Visibility and Capacity Matching. We welcome the BestTransport team of domain experts and community of customers to Descartes."
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.