Logistics technology provider MercuryGate International Inc. today said it has acquired TranSolutions Inc., a Scottsdale, Ariz.-based vendor of freight claims management software.
Terms of the deal were not disclosed. The move is the first acquisition by Cary, N.C.-based MercuryGate since the company was itself acquired in 2018 by the Boston-based private equity firm Summit Partners.
MercuryGate will now integrate TranSolutions' myEZClaim product and other capabilities into its transportation management system (TMS) platform, allowing users like third party logistics providers (3PLs), freight brokers, and carriers to access a suite of solutions for cargo claims, freight bill overcharge, vendor claims, and carrier claims.
"Claims management is a rapidly growing focus across the industry," MercuryGate President and CEO Joe Juliano said in a release. "Adding TranSolutions' revolutionary claims software to MercuryGate's expansive transportation-centric solutions platform delivers on our mission to continually add value and increase functionality for our customers."
The combination of the two firms' software will drive further efficiency within shipper enterprises by allowing them to reduce labor and administrative costs, increase claim success rates, leverage analytics to drive modernization, and improve claim turnaround, TranSolutions CEO Joe Celestina said in a release.
@MercuryGate TMS and @FreightClaim myEZClaim are joining teams. With MercuryGate's acquisition you get the best #TMS on the market with full freight #claimmanagement abilities. https://t.co/ScuSnC8MJp pic.twitter.com/HG3QTAi79l— MercuryGate (@MercuryGate) July 24, 2019