3PL Central Acquires Traker Systems and Solidifies Leadership Position in Cloud WMS
Manhattan Beach, CA (July 20, 2016) – 3PL Central, a leader in cloud-based Third Party Logistics (3PL) and Warehouse Management Software (WMS) solutions, has announced the acquisition of Traker Systems (referred to as iTracker), a leading provider of cloud-based inventory control software. Both companies serve 3PL and private warehouse customers.
The combined companies deliver a suite of comprehensive warehouse management, inventory control and logistics software solutions to over 1,300 customers globally. The addition of talent and resources allows 3PL Central to accelerate product innovation and to expand services to its customers.
“We are thrilled to welcome iTracker’s customers and employees to the 3PL Central family,” said John Watkins, CEO of 3PL Central. “Rich and I both ran 3PL warehouse businesses and have a shared vision for delivering world-class software from the cloud that addresses the complexities of the 3PL warehousing environment we faced as business owners. The combined organization truly understands the pain points of its customers, and Rich and I believe that together we are better positioned to deliver the most efficient and cost-effective solution in the industry.”
Added Watkins, “The addition of iTracker’s team augments 3PL Central’s expertise in transportation, cold storage and light manufacturing. We see B2C continuing to outpace B2B, driving the need for solutions that focus on eCommerce, as well as pick, pack and ship.”
Rich Moline, President of iTracker, added, “The combination is very exciting. It creates a compelling value proposition for all prospective WMS customers looking for a trusted SaaS provider. The strength and experience of the combined teams will accelerate our shared vision for growth and help our customers access best-in-class software and technology from the cloud.”
Terms of the acquisition were not disclosed. John Watkins will continue in his role as CEO of the newly combined company, and Rich Moline will become Executive Vice President, Enterprise and Strategic Accounts at 3PL Central. 3PL Central is a portfolio company of Mainsail Partners, which invested $17.5 million in November 2015.
About 3PL Central
3PL Central is a leading cloud-based supply chain software provider, offering warehouse management solutions that are robust, reliable, secure, cost-effective and easy to use. The Company’s product seamlessly integrates with a large and growing number of eCommerce enablement technologies, ERP platforms, accounting packages, shipping partners, and other supply chain technologies to deliver a full platform to its customers. The product has grown exponentially, providing enterprise-class WMS functionality to a range of warehouse operations who are looking to employ a nimble SaaS WMS solution.
Customers include everyone from small-to-medium sized 3PLs to private Fortune 500 distribution centers. 3PL Central’s WMS is offered via an on-demand, or Software-as-a-Service (SaaS) model, enabling 3PLs, public warehouses and warehouse operations of all kinds to access a world-class WMS solution for a low monthly fee. For additional information, please contact 3PL Central at 888-790-5467, [email protected] or visit www.3plcentral.com.
About Mainsail Partners
Mainsail Partners is a growth equity firm that invests exclusively in growing bootstrapped companies. The San Francisco-based firm has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. Mainsail invests primarily in three core industry sectors: software, technology-enabled services and healthcare. Recent investments include 3PL Central, Brilliant Earth, Ncontracts, nCourt, Netchemia, PlayMaker CRM, SQL Sentry and Zen Planner. The firm has raised over $750 million in committed capital. For further information, please visit www.mainsailpartners.com.