Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Imaginnovate sees new role thanks to logistics M&A

Software expert notes demand for tech consulting as firms integrate systems

Logistics automation expert Imaginnovate said today that supply chain consolidation is driving its business in new directions. The technology innovator said intense logistics sector M&A activity has created demand for systems integration consultants. The result is expanded opportunity for firms such as Imaginnnovate looking to build on their software development heritage.
“We’re seeing more mergers and acquisition activity in the third-party logistics space and it’s happening across the globe,” said Imaginnovate CEO Krishna Vattipalli. “We’re working with clients that are actively acquiring new businesses and with others looking for their next acquisition.”
Demand for technology guidance is being driven by unprecedented logistics industry consolidation, said Imaginnovate. PwC has valued transportation and logistics M&A at $246 billion in the past year. That was up 6 percent from the previous year. The trend is expected to continue as companies struggle to gain more control over supply chains.
Imaginnovate said transportation and logistics clients seek technology advice at every stage of M&A activity, including:
● Identifying acquisition targets in the logistics sector who have sound tech platforms;
● Advising on how to merge systems when consolidation partners integrate; and even
● Spotting technology firms that could be acquired to augment an organization’s systems capabilities.
“Logistics companies are working to provide a multi-channel experience for their customers,” said Mr. Vattipalli. “So, they are investing in acquiring new companies to augment existing services.”
Imaginnovate said it’s advising merger clients that systems consolidation must go hand-in-hand with other aspects of merger integration. If it’s left for later, opportunities to innovate are lost, the company explained.
“You cannot say I will wait two years for the integration to be complete and then we will work on new technology ideas,” warned Mr. Vattipalli. “There is a good possibility you will have already lost the race.”
Imaginnovate urged merger partners to develop roadmaps outlining the transition from legacy systems to the latest technology. The company said it conducts Discovery Workshops for clients to plan out systems integration, or migration to new systems. When consolidating systems, the most stable and scalable tech platforms should win out, Imaginnovate said.
“Technology is no longer a differentiator, it is a standard,” said Mr. Vattipalli. “When planning for a merger or acquisition, organizations need a plan to deliver to existing business demands while working on staying current with evolving technology trends. We can help on both fronts.”
About Imaginnovate
Imaginnovate is an 9-year-old digital solution company supporting the freight transportation and logistics industry. It provides innovation for transportation and logistic companies ranging from start-ups to the nation’s largest carriers. Its solutions touch the entire supply chain and include: route optimization, load management, routing and scheduling, capacity management, fleet optimization and rate prediction. Imaginnovate has a 150-person development team working to automate freight transportation and logistics. Learn more about Imaginnovate at www.imaginnovate.com.
For media inquiries: Mike Zampa, 925 282 0450; mike@tothepointcomms.com

The Latest

More Stories

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation


September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.

Keep ReadingShow less

Featured

ETIHAD CARGO celebrates 20 years of successful operations in India

ETIHAD CARGO celebrates 20 years of successful operations in India

Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating 20 years of operations in India, a milestone that reflects the airline's ongoing commitment to the Indian market since its first flight to Mumbai on 26 September 2004. Over the years, Etihad Cargo has expanded its presence in India, now offering belly hold capacity via nonstop services between Abu Dhabi and 12 major Indian cities, with plans for further growth.

Etihad Cargo handles over 46,000 tonnes of cargo annually ex India, connecting the country to over 100 global destinations via its Abu Dhabi hub via 588 widebody and narrowbody rotations each month. To meet the needs of specific sectors, Etihad Cargo has enhanced its product range, adding new features and launching new products. Key commodities handled include electronics, including mobile phones and semiconductors, garments, pharmaceuticals, perishables, e-commerce, automobile components and courier shipments, reflecting the diversity and strength of India's manufacturing and export sectors.

Keep ReadingShow less

Xtreme Trucking selects HOPTEK’s Dispatch Engine® solution forreal-time visibility and optimization of fleet operations

Charlotte NC, September 23, 2024 (McLeod User Conference ) – HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability.

Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage.

Keep ReadingShow less
Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy, a leading provider in supply chain collaboration solutions, and Kinaxis, a global leader in supply chain orchestration, have announced a partnership to develop cutting-edge solutions for brand manufacturing supply chain networks worldwide.

The new partnership aims to catalyze fast-moving consumer goods (FMCG) and life science brands and their supplier networks to work together more effectively through digital transformation solutions, thereby mutually improving costs, service and revenue. Combining the supply chain orchestration capabilities of Kinaxis with the collaborative external manufacturing specialization of Nulogy will enable customers to share forecasts and order information with suppliers and receive inventory capacity information faster.

Keep ReadingShow less
ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE

ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE

FOR IMMEDIATE RELEASE
Contact: Sherri Bosslet
Title: Director of Customer Relations
Phone: 937.415.1715
Email: sbosslet@daytonfreight.com
Date: September 5, 2024
Web: daytonfreight.com

ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE
DAYTON, Ohio – Dayton Freight Lines, Inc., a leading provider of regional less-than-truckload (LTL) transportation services, was presented the 2023 Exceptional Performance Award and the Minnesota LTL Carrier of the Year award from Uline.

Keep ReadingShow less