Mercator, a provider of software and technological solutions to the transportation and logistics industry that is backed by the private equity firm Warburg Pincus, announced that it has acquired Catapult International, a technology-enabled solutions provider for freight forwarders, shippers, and carriers. Catapult will retain its management and brand under its new name Catapult, a Mercator company.
Headquartered in Kansas City, US, Catapult’s core solutions are designed to simplify rate and quote management, allowing clients to determine optimal carriers for their routes and provide accurate quotes for their own customers. Catapult claims that its solutions are used by more than 25,000 users at freight forwarders, NVOCCs, carriers, and shippers around the globe.
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.”
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