Strattam Capital has acquired Trax Technologies, a provider of a software-as-a-service (SaaS) logistics platform. Trax’s current management team, led by Founder and CEO J. Scott Nelson, also invested in the transaction.
“With this transaction complete, we are excited to continue building the Trax platform and services in support of our current and future global customer base,” said Mr. Nelson. “This investment will support further development, deployment, and support of existing and new products and services benefiting both buyers and sellers of logistics services.”
Trax Technologies is an open SaaS technology platform that refines, completes and reconciles logistics data from multiple sources. Trax operates offices in the US, Europe, Asia and Latin America and is headquartered in Scottsdale, AZ (www.traxtech.com).
Strattam Capital makes control investments in enterprise software, digital infrastructure, and tech-enabled services companies with enterprise values between $20 million and $150 million. The firm has offices in San Francisco and Austin (www.strattam.com).
William Blair & Company (www.williamblair.com) was Trax Technologies’ exclusive financial adviser on this transaction.
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-20-15
