The Madison-based logistics company SwanLeap, Inc. that was once dubbed the fastest-growing company in America has been acquired.
SwanLeap, a transportation management software company, has been acquired by Transportation Insight Holding Company, the businesses announced Monday.
Brad Hollister founded the company in 2013 with Jason Swanson, who saw Hollister's ad for a freelance developer job on Craigslist. The pair developed a platform to help shippers identify cost savings and streamline transportation.
It was named the fastest growing company in the U.S. in the Inc. 5000 list in 2018. It also took the No. 1 spot on Deloitte's 2018 North American Technology Fast 500 list.
TI Holdco said it plans to integrate SwanLeap's systems with its own existing products and services will aid the company in providing a fully-connected platform.
“With the acquisition of SwanLeap, we are integrating industry-leading, multimodal TMS software with our existing proprietary technology and network of over 10,000 shippers and 50,000 carriers to create the world’s largest one-touch transportation management platform," CEO of TI Holdco Ken Beyer said in a news release.
"By combining this groundbreaking technology with our nationwide network of thousands of employees with deep domain expertise in all aspects of the supply chain, we are creating the ultimate hybrid-digital solution. This brings us several steps closer to implementing our vision for a true end-to-end ecosystem for the entire supply chain.”
TI Holdco is a portfolio company of private equity firm Gryphon INvestors. TI Holdco serves more than 10,000 clients and 50,000 carriers with logistics management services, according to the company.
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This article originally appeared on Milwaukee Journal Sentinel: Madison's SwanLeap acquired by Transportation Insight Holding Company