CargoSprint Acquires Advent eModal
Summary
Its proprietary cloud-based platform, eModal®, connects all parts of the shipping process, making it easier for ports, carriers, logistics providers and other stakeholders to move containers, increase equipment utilization, and optimize payment workflows. "Joining forces with Advent eModal is a unique opportunity to combine two talented and like-minded organizations that have developed highly complementary freight payments and workflow orchestration solutions. "We’re excited to partner with CargoSprint in this next phase of our journey," said Parvez Mansuri, founder and former CEO of Advent eModal, who will act as Chief Strategy Officer and remain a member of the board of directors of the combined company. "CargoSprint and Advent eModal have a shared heritage as founder-led enterprises that rose to market leading positions by combining deep industry expertise with a passion for innovation. Advent eModal developed applications provide executional tools and APIs offering cargo visibility; terminal pre-advice and appointments; payment processing and data enabled business intelligence.