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Freight Tracking Provider MacroPoint Gets $44 Million Equity Investment

| November 16, 2016

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Freight Tracking Provider MacroPoint, creator of a multi-modal freight tracking network that provides shippers, logistics service providers and carriers real-time visibility into load status, received a $44 million investment from Susquehanna Growth Equity.

MacroPoint owns the largest visibility network in the industry, encompassing of over 800,000 drivers and over 3,000 paying customers (including JB Hunt, UPS and FedEx), tracking over 2 million loads per year. MacroPoint’s patented technology includes “easy-to-use” and field-tested integrations with all major TMS and ELD packages.  Beyond visibility, the software offers control tower functionality and analytics, exception reporting, automated arrival/departure alerts and HOS-related features.

In conjunction with the financing, MacroPoint is adding “supply chain and technology experts” to its board of directors, beginning with Dan Dershem, founder and former CEO of LeanLogistics, and Ronald Kasner, CFO of iCIMS, a provider of talent management software with over $100m in annual recurring revenue.

 

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Category: Featured, Fleet Diagnostics & Software, General Update

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