Envase Technologies Acquires Tailwind Transportation Software

WiseTech Global Acquires Envase Technologies

January 24, 2023

Transportation

WiseTech Global acquired Envase Technologies for US$230 million from private investment firm Firmament and a small number of other sellers. Envase, a Long Beach, California-based provider of transport management system software for intermodal trucking, drayage and landside logistics, serves more than 1,300 North American customers and was expected to generate about US$35 million of revenue in 2023; the deal is being funded with 70% cash and 30% new WiseTech shares.

Envase Technologies Acquires Infosite Technologies

April 7, 2021

Logistics & Distribution

Firmament-backed Envase Technologies acquired Montreal-area TMS vendor Infosite Technologies to expand its intermodal transportation software suite and strengthen its presence in Canada. The deal adds several hundred customers to Envase’s platform and is Envase’s fourth acquisition in six months, supported by financial partner The Firmament Group.

The Firmament Group Invests in Profit Tools and Launches Envase Technologies

May 27, 2020

Software

The Firmament Group completed an investment in Profit Tools, LLC and concurrently launched Envase Technologies, a cloud-based intermodal TMS platform led by Larry Cuddy. Compcare Services, an existing Firmament portfolio company, participated alongside Firmament; financial terms were not disclosed. The move consolidates transportation-focused software capabilities to accelerate technology adoption across the intermodal drayage market.

Envase Technologies Acquires SecurSpace

October 5, 2020

Transportation

Envase Technologies, a Firmament-backed provider of cloud-based transportation management software, acquired SecurSpace, a gate management and parking/storage marketplace for the intermodal supply chain. The acquisition integrates SecurSpace’s marketplace and Gate Management System into Envase’s TMS platform to expand capabilities for drayage carriers and yard operators across the United States.

Tailwind Capital Acquires Ventiv Technology

September 1, 2019

Software

Tailwind Capital, a middle-market private equity firm, has acquired Ventiv Technology, a global provider of integrated risk management (IRM) software headquartered in Atlanta. Tailwind plans to accelerate Ventiv's growth through enhanced sales and marketing, new product development, geographic expansion, and support for M&A activity.

Firmament Makes Majority Investment in Navitrans

January 16, 2024

Logistics & Distribution

Firmament has made a majority investment in Navitrans, the Kortrijk, Belgium-based provider of transportation and warehouse management software, with Valsoft remaining as a minority shareholder and Navitrans management remaining in place. The capital will support product development, management initiatives and strategic acquisitions as Navitrans expands its presence across European logistics service providers.