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CargoSprint completes acquisition of Advent eModal Solutions to enhance global trade facilitation

PRIVATEDec 16, 2024•over 1 year ago

Acquiring Company

CargoSprint

Acquired Company

Advent eModal Solutions

AtlantaSomersetTransportationLogisticsSoftwareTransportationSaasLogistics

Description

CargoSprint, a leader in innovative payments and workflow orchestration solutions for the cargo industry, has announced the acquisition of Advent eModal Solutions. This strategic combination will expand CargoSprint's global trade facilitation and enhance its existing solutions for air, sea, and land freight. The acquisition aims to merge two talented and like-minded organizations to accelerate the pace of innovation in the industry.

Company Information

Company

CargoSprint

Location

Atlanta, Georgia, United States

About

CargoSprint is a technology innovator transforming the global cargo industry with people-first solutions since 2012. Its flagship products, SprintPay and SprintPass, streamline payment processing and optimize cargo logistics from planning to delivery. The company operates globally with offices in the United States, Mexico and India.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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