Transflo, a mobile, telematics and business process automation provider for the transportation industry, announced today that it has acquired Microdea, a leader in document management and workflow automation solutions for the transportation and logistics industry. The transaction represents a significant step toward Transflo’s goal of broadening its capabilities to meet the fast-growing demand for digitized workflows within the transportation supply chain and will expand Transflo’s presence in the Canadian market.
As a result of the transaction, Transflo will combine its operations with Microdea’s employees, customer relationships, and products, including Synergize, Microdea’s enterprise document management software. The combined business will operate under the Transflo brand as the leading provider of end-to-end supply chain solutions for shippers, freight brokers, carriers, and drivers in North America. Financial terms were not disclosed.
Full Article: financialpost.com