MercuryGate International, a Cary, North Carolina-based provider of transportation management system solutions, was acquired by Summit Partners.
The financial terms of the deal were not disclosed.
Co-founded in 2000 by CEO Monica Wooden and President Steve Blough, MercuryGate International is an independent provider of SaaS-based transportation management system (TMS) solutions, addressing all customer segments, including shippers, 3PLs, freight forwarders, freight brokers, and carriers.
The company’s solutions support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal.
Last year, the MercuryGate TMS managed more than $70 billion of annual freight spend and supported over 300,000 daily logins from 80 countries.
As part of this transaction, Wooden will transition into a customer-facing role at the company as Chief Revenue Officer, while Blough will continue on as Chief Product Officer. Joe Juliano, an Executive-in-Residence (“EIR”) with Summit Partners and software industry leader, will join MercuryGate as President and CEO.
Mr. Juliano brings a deep background in both supply chain and SaaS software, as well as a demonstrated expertise in optimizing go-to-market strategies. Prior to joining Summit’s EIR program, he served as President and CEO of IQNavigator, a provider of SaaS solutions that enables businesses to source, manage, and pay contingent workforces. Previously, was President of RedPrairie, a provider of supply chain, transportation management, and workforce management software, which merged with JDA Software, and served as President and CEO of PrimeRevenue, a SaaS supply chain financing company.
Prior to PrimeRevenue, Mr. Juliano led all commercial efforts of two publicly-traded companies: Ariba and FreeMarkets.
Peter Rottier and C.J. Fitzgerald, Managing Directors with Summit Partners, will join the MercuryGate Board of Directors.