CHARLOTTE, NC -- November 28, 2016 -- NASCENT Technology, LLC, a leading provider of gate automation and related technologies, announced that it has acquired Smart Track Logistics, a Jacksonville, FL - based provider of cloud-based solutions for supply chain management, freight planning, and scheduling. The terms of the transaction were not disclosed.
“Through its innovative Nimbus Connect product offering, Smart Track has captured a segment of the warehousing and distribution market that has been largely ignored. The enterprise-class solution is designed and priced for smaller to mid-size operations and, therefore, appeals to a growing number of businesses who are in need of a way to better manage their link within the supply-chain,” said Michael Bratt, Chief Operating Officer of NASCENT Technology, LLC. “As we look for opportunities to expand our offerings in cost-effective cloud-based technologies for logistics and supply chain management, acquisitions like this one just make sense.”
Headquartered in Jacksonville, Florida, Smart Track provides cloud-based software and solutions for freight planning and scheduling, transportation tracking, and inbound and outbound dock management. The target markets and core set of features of the company’s flagship software aligns well with those of NASCENT’s existing readyAGS product.
While readyAGS has continually gained traction and momentum since it was announced in 2011, NASCENT company executives believe that the acquisition will help bolster its adoption, especially among distribution centers, BCO’s (Beneficial Cargo Owners), and warehouses, in the months following the acquisition.
“In addition to benefitting from an immediate gain of additional customers, we see this is an opportunity to expand the readyAGS offering and to provide greater value to existing accounts,” said Bratt. “In a mobile-app-crazed environment where there are too many short-lived, ’one-hit wonders’, we strive to differentiate ourselves through offering well thought-out, comprehensive solutions. Combining the strengths of SmartTrack’s Nimbus Connect product with the existing capabilities of readyAGS will help us do just that.”
NASCENT Technology, LLC. (NASCENT) has been successfully delivering technology solutions to the Intermodal Transportation industry since 1996. As the pioneer of Automated Gate Systems (AGS), NASCENT has consistently led the way in new technology-based solutions, providing several innovations and industry firsts. Backed by unrivaled engineering, assembly, software development, QA and support organizations, NASCENT continues to draw on its vast industry experience and keen focus on intermodal operations to provide its clients with unparalleled solutions.
For more information, visit the company's website at www.nascent.com.
Sr. VP, Sales & Marketing
NASCENT Technology, LLC.
2744 Yorkmont Road
Charlotte, NC 28208