Transportation management systems (TMS) software provider MercuryGate International Inc. says its acquisition of a supply chain management software company on Tuesday will expand its real-time shipment visibility service to cover every segment of the shipment lifecycle, from first mile to last.
MercuryGate purchased Brentwood, Tenn.-based ClearTrack Information Network, which it says helps retail, brand and manufacturing companies gain clarity about their global trading networks. The terms of the deal were not disclosed.
According to Cary, North Carolina, MercuryGate made the acquisition at a time when managing transportation in the supply chain is becoming increasingly complex. This move will provide its customers with more comprehensive ocean freight sourcing and tracking capabilities at the container, order and item level. ClearTrack also uses its Global Trade Management (GTM) software to monitor supply chain compliance documentation and ensure that orders are not released for shipment without acceptable compliance results and required certifications.
“The non-stop disruptions to supply chains in recent years and the increasing demands of socially conscious consumers who need to know everything have led to a growing need for transparency and visibility into shipments, right down to item, order and container level tracking. ‘ said Joe Juliano, President and CEO of MercuryGate, in a press release. “The addition of ClearTrack brings our customers the distinct benefit of being able to see real-time ocean shipments, take immediate action to resolve issues, and continuously improve to make better decisions and manage the end-to-end Extend MercuryGate’s end modality management.”
MercuryGate has entered into a number of agreements and partnerships over the past several years to expand its coverage of transportation operations. In May, the company announced it would work with Amazon Freight, the online retailer’s transportation and freight brokerage arm, to help shippers deal with severe capacity constraints in the trucking sector.
In April, the company also integrated its system with Cargo Chief, a provider of capacity sourcing and pricing software for freight brokers. And in 2021, it forged ties with Banyan Technology and Redwood Logistics, and acquired logistics optimization software provider Cheetah Software Systems. These changes came after MercuryGate itself was acquired by Boston-based private equity firm Summit Partners in 2018.
Today, with the acquisition of ClearTrack Information Network, we announced new capabilities in real-time shipment visibility and product sourcing compliance to cover every segment of the shipment lifecycle. Learn more: https://t.co/4zKVHDw81Y pic.twitter.com/HBLPERkroI
— MercuryGate (@MercuryGate) November 8, 2022