DUBAI, UAE and KANSAS CITY, MO, June 24, 2015 /CNW/ - Mercator, a
leading provider of solutions to the global travel, transportation, and
logistics (TTL) industry, backed by a leading global private equity
firm focused on growth investing, Warburg Pincus, today announced that
it 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.
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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 used by
more than 25,000 users at freight forwarders, NVOCCs, carriers, and
shippers around the globe, which represent the largest share of NVOCC
ocean contracts worldwide.
The acquisition is the first step in achieving Mercator's vision to
leverage its aviation heritage across the TTL lifecycle, keeping people
and cargo on the move, safely, on-time and cost-effectively.
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
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."
About Catapult International
With offices in Kansas City, San Francisco, Hamburg, Hong Kong and Cebu,
Catapult International provides technology-enabled solutions for
freight forwarders, shippers, and carriers worldwide. Managing over one
billion cargo rates at over a 99 percent accuracy rate, Catapult
combines air, ocean and ground rate contracts into one simple
cloud-based system, enabling operations and sales departments to get
their best carrier rate from point A to point B and realize dramatic
efficiency improvements. For more information: http://www.gocatapult.com
Mercator is a leading provider of software and tech-enabled outsourcing
solutions to the global travel, transportation, and logistics industry.
The company enables clients to simplify the movement of people and
goods around the world. Our aviation heritage, built from years of
experience in developing IT solutions specifically for airlines, gives
us unrivalled insight. Our specialized team of experts developed a
specific portfolio of solutions, rigorously testing them in the real
world. Our key solutions and services include Cargo & Logistics
Management, Revenue Accounting, Customer Experience, and Passenger
Services. These technologies manage critical processes for all segments
of the TTL industry. For more information, please visit http://www.mercator.com.