Flexport Sells Convoy's Technology to DAT

SaaS
Written By Rick Watson

Flexport is a technology-driven freight forwarder and logistics platform that provides a digital solution for global supply chain management, offering services like air and ocean freight, customs brokerage, trucking, and fulfillment.

Flexport announced that it has sold Convoy's technology platform to DAT, a business unit of publicly traded Roper Technology, for a reported price of nearly $250 million after acquiring it for a reported $16 million.

FreightWaves: Less than 2 years after Flexport bought Convoy’s tech stack, it’s being sold to DAT

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Bonsai Secures $1.8M Investment for First-Party Marketing Intelligence Platform
Next

Global-e Acquires ReturnGO to Enhance Post-Purchase Experiences