Envase Technologies Acquires SecurSpace

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 Acquires GeoStamp

May 25, 2022

Transportation

Envase, a provider of mission-critical TMS software for the intermodal/drayage market, has acquired GeoStamp, a Huntington Beach-based developer of drayage-focused GPS tracking and location-analytics software. The acquisition integrates GeoStamp’s real-time truck tracking and analytics (processing ~1.8M pings/day for over 7,000 trucks) into Envase’s TMS to improve visibility, billing speed and operational performance for carriers, shippers and terminal operators.

Firmament Acquires NASCENT Technology

February 2, 2022

Logistics & Distribution

Firmament, a structured-equity investor, has acquired NASCENT Technology, a manufacturer and integrator of automated gate systems serving intermodal, rail, marine terminals, distribution centers and carriers. The investment will fund NASCENT’s product and software development and enable strategic integration with Firmament portfolio company Envase Technologies to expand visibility and services across the intermodal supply chain.

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.

Envase Technologies Acquires Tailwind Transportation Software

October 30, 2020

Transportation

Envase Technologies, backed by The Firmament Group, acquired Tailwind Transportation Software to add freight brokerage and over-the-road trucking functionality to its intermodal TMS platform. The acquisition also strengthens Envase's presence in the Canadian market and brings Tailwind's ~500 customers and product suite onto the Envase platform.

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.