MercuryGate International Acquired by Growth Equity Investor Summit Partners
Summary
CARY, N.C. & MENLO PARK, Calif.--( BUSINESS WIRE )--Summit Partners, a global growth equity investor, today announced the acquisition of MercuryGate International, Inc., a leading independent provider of SaaS-based transportation management system (TMS) solutions.Joe Juliano, an Executive-in-Residence (“EIR”) with Summit Partners and software industry leader, will join MercuryGate as President and CEO and will work closely with Monica and Steve to drive growth and scale initiatives.Mr. Juliano brings a deep background in both supply chain and SaaS software, as well as a demonstrated expertise in optimizing go-to-market strategies, achieving high levels of customer satisfaction and accelerating revenue growth.“Joe’s strategic vision, supply chain and transportation expertise, and track record of growing and scaling software businesses and delivering excellent customer service make him the natural choice to lead MercuryGate in our next chapter of our growth,” said Ms.Summit’s Executive-in-Residence (“EIR”) program facilitates collaboration between seasoned industry executives and Summit’s sector teams who work together to identify investment opportunities, conduct due diligence, and create and support value creation plans for the companies with which Summit has partnered.
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