Magaya Acquires Industry-Leading Freight Rate Management Provider Catapult to Bolster its Solution Offering
Miami, FL – September 24, 2020 – Magaya Corporation, the leading provider of end-to-end logistics and supply chain automation software, today announced that it has acquired Catapult, a leader in freight rate management software. The acquisition provides a perfect complement to the Magaya ecosystem, delivering technology built around the specific rating and quoting needs of freight forwarders, NVOCCs, carriers, and others in the logistics industry.
“We celebrate a new milestone today as we formally join the Magaya team,” said Virgil Ferreira, CEO of Catapult. “Combined with the Magaya team, together we will draw on our decades of experience to push the boundaries of technological innovation to deliver outstanding solutions and service to companies in the logistics industry, from the specialist and niche, to the global and enterprise forwarder and NVOCC.”
Logistics companies are facing an era of unprecedented change. As global shipping rates are ever-changing and becoming more complicated, and as customer expectations continue to evolve, the sector is under acute and growing pressure to deliver better service while keeping costs low. The combined Magaya and Catapult technology solutions and deep domain knowledge deliver a competitive advantage, ensuring accuracy, efficiency, and fast speed-to-market with smarter quoting and rating decisions that integrate deep into the Supply Chain processes.
“The acquisition of Catapult is a strategic investment that supports Magaya’s plan for sustainable and profitable growth, while remaining agile and focused on operational excellence,” said Gary Nemmers, CEO of Magaya. “We are excited to partner with the Catapult team to drive new opportunities for innovation identified in collaboration with our larger combined customer base.”
By combining freight rate management together with a best-in-class platform for logistics and supply chain management, Magaya offers a solution suite that is unrivaled in the market. The combination further enables Magaya customers to grow their total business – all from a single platform.
About Magaya Corporation
Magaya Corporation develops software that automates and improves business operations. Our customers include leaders in the fields of logistics, warehousing, wholesaling, and nearly every aspect of the supply chain. Our philosophy is to simplify complex and redundant processes to reduce or eliminate inefficiency. The growth of our customers is our growth, so we dedicate ourselves to helping them succeed.
In addition to continuously improving our software offering, we provide a complete range of consulting and implementation services to help your business accomplish your goals. The ripple effect of us creating the best products, providing the best customer training and support, is we fulfill our promise to always be ahead. We help you innovate, automate, and be more efficient.