Reston’s Trucker Tools acquired by Calif. tech firm
Trucker Tools provides freight management software for transportation industry
Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, has been acquired by Walnut Creek, California-based software company ASG.
Financial details of the transaction were not disclosed.
Founded in 2013, Trucker Tools offers a software suite with capacity management, predictive freight matching, automated booking, real-time GPS-based visibility and digital workflow solutions.
“ASG has a proven track record of helping SaaS [software as a service] companies grow and build out reliable, resilient software services delivering enduring value and competitive advantage,” said Prasad Gollapalli, founder and CEO of Trucker Tools, in a statement. “Their philosophy, mindset and approach complement Trucker Tools culture and values, and are well-aligned with our laser focus on superior customer engagement and product performance. We are excited to leverage the ASG team’s skills and experience as we chart this next chapter in our sustainable growth journey.”
As part of the acquisition, Trucker Tools is adding Jesse Buckingham, a former executive at two high-growth logistics businesses, as the company’s chief revenue officer.
A portfolio company of San Francisco-based private equity firm Alpine Investors, ASG specializes in acquiring vertical SaaS companies and has acquired 35 companies including Trucker Tools.