3Gtms LLC, a global provider of Tier 1 transportation management software, has acquired Pacejet, a Columbus-based provider of enterprise cloud-based, multi-carrier shipping software. The Connecticut company expects to use Pacejet to leverage complementary strengths and deliver advanced TMS platform for the midmarket and enterprise companies
The terms of the transaction were not disclosed.
Sumeru Equity Partners, which is located in San Mateo, California, invested in 3Gtms nearly one year ago — a period in which 3Gtms experienced strong success in growing the business, adding to its team and scaling operations. Sumeru’s further investment in Pacejet and its cloud-based global shipping software will extend the 3G-TM platform to access more market channels and to more comprehensively serve customers’ complex parcel shipping needs.
“The complementary strengths of Pacejet and 3Gtms, along with the alignment of values and the services we can deliver together, open up new possibilities for our customers,” Bill Knapp, former CEO and now general manager of Pacejet, a division of 3Gtms, said, in a statement. “We’re thrilled to bring our solution to a larger market and to offer Pacejet’s customers new opportunities for leveraging the full power of 3G-TM to better manage and optimize their transportation operation.”