Friday, August 2, 2013

Freight and Logistics Software Provider Bought by Private Equity Investor

Cloud Firm Mandata Acquired by West London Based Firm
Shipping News Feature

UK – Mandata (Management & Data Services) Ltd, the Northumberland based supplier of cloud based, integrated real-time transport and logistics software, has been acquired for an unspecified amount by Synova Capital LLP, a private equity investor in which focuses on UK growth companies. Mandata includes several prominent road haulage and freight groups amongst its customers. Mandata was set up in 1974 and will use the newly available funds to develop its products which include its Manpack3 traffic management system, which aims to help hauliers to improve cost management, simplify operations and optimise the utilisation of vehicle fleets.

Mandata sales have moved toward £5 million this year and the company intends to extend its range of telematic solutions and says it was necessary to obtain investment funding to take advantage of growing market opportunities in the haulage and logistics sector, where many national and international operators are seeking to achieve greater efficiencies and lower costs. Stephen Robinson, director of Mandata, said:

“We have a highly skilled and experienced team providing market leading solutions to haulage and logistics businesses across the UK. Increasing reliance on data and technology within the industry will deliver continued growth opportunities over the next few years. Partnering with Synova during this period will provide us with the financial resources and strategic support to fully exploit these opportunities.”

Synova recently shed healthcare company dbg and bought into care provider TL Care via one of its subsidiary investments and now partner Alex Bowden becomes a Mandata director. Speaking about the move Mr Bowden said:

“We are delighted to be partnering with Steve and his team who have developed a market leading suite of solutions. The haulage and logistics market is demanding ever greater use of technology to manage environmental, commercial and regulatory requirements which will drive increased demand for our products. We believe Mandata should benefit significantly from our experience in working with growth businesses to ensure they continue to lead the market.”