Madison Park Group is pleased to announce that its client, Envase Technologies, a portfolio company of The Firmament Group, leading provider of intermodal drayage transport management system software in North America, has announced the signing of an agreement to be acquired by WiseTech Global (ASX: WTC).
Envase provides mission-critical, cloud-based transportation management system (TMS) enterprise software and mobile applications to the supply chain, with a core focus on the drayage trucking niche. The software merges order entry, dispatch, container tracking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, settlements and business intelligence, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the supply chain.
Firmament provides structured equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams and business owners, and curates solutions by deploying versatile capital in a user-friendly way. Firmament concentrates on software and services businesses with significant scaling potential in the healthcare, logistics, wellness, and environmental sectors. With offices across the United States and in the United Kingdom, Firmament is focused on turning small business into big business.
About WiseTech Global
WiseTech Global (ASX:WTC) is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 18,000 of the world’s logistics companies across more than 170 countries, including 41 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders worldwide.