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Mercator buys Catapult to boost international transport management solutions

MERCATOR, a leading provider of software and tech-enabled outsourcing solutions to the global travel, transportation and logistics industry (TTL), backed by private equity firm Warburg Pincus, has acquired Catapult International, a technology-enabled solutions provider for freight forwarders, shippers and carriers worldwide. 

Mercator buys Catapult to boost international transport management solutions
28 June 2015 - 23:13

Mercator buys Catapult to boost international transport management solutions

MERCATOR, a leading provider of software and tech-enabled outsourcing solutions to the global travel, transportation and logistics industry (TTL), backed by private equity firm Warburg Pincus, has acquired Catapult International, a technology-enabled solutions provider for freight forwarders, shippers and carriers worldwide. 

Catapult will retain its management and brand under its new name: Catapult, a Mercator company.

Headquartered in Kansas City, Catapult is one of the fastest growing technology companies in the transportation management sector. 

The company's key solutions include Catapult QMS, QMS Lite, and Spring Board, which simplify rate and quote management, allowing clients to quickly determine optimal carriers for their routes and provide fast, accurate quotes. 

Catapult's solutions are relied upon by 25,000 users at freight forwarders, NVOCCs, carriers, and shippers around the globe, which represent the largest share of NVOCC ocean contracts worldwide.

Mercator's executive chairman, David Tibble, said in a company statement: "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 optimising 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," Mr Tibble said.

Commenting on the acquisition, Catapult's chief executive officer Matt Motsick said: "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."

Managing one billion cargo rates at over a 99 per cent accuracy rate, Catapult combines air, ocean and ground rate contracts into a cloud-based system, enabling operations and sales departments to get their best carrier rate from point A to point B. 

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