News Release
McLeod Software Acquires Logistics Software and Services Provider
Acquisition to extend the McLeod brand across the transportation industry, incorporating
carrier, 3PL and shipper products
Birmingham, ALabama – April 27, 2009 – McLeod Software,
a leading provider of dispatch, accounting and operations fleet management software,
today announced the purchase of iLENS (Integrated Logistics Execution Network Systems),
a logistics software company that provides freight procurement, load execution and
spot market software as well as consulting services for shippers, carriers and 3PLs.
“While the industry is struggling through a very rough economic time, our continued
success is allowing us to invest in expanding our portfolio,” said Tom McLeod, president
and CEO of McLeod Software. “With this acquisition we are extending our reach by
adding a complete set of products for shippers to complement our successful truckload
carrier and broker offerings. The iLENS product line allows us to accelerate our
penetration of the supply chain and logistics space, as the new software fits well
with and will strengthen the capability of our LoadMaster® and PowerBroker™ products.”
The latest acquisition is a reflection of McLeod’s ability to understand the relationship
between carriers, brokers and shippers. By offering a software solution that manages
freight procurement and management services for shippers, as well as load execution,
McLeod effectively expands what the company can do for current customers.
“Many of our customers are already excited about the iLENS addition. By adding new
product, service and skill sets, we are able to provide benefits to our carrier
and broker customers, as well as serve shippers,” McLeod stated. “McLeod Software
brings the carrier perspective to the freight procurement process through an approach
we refer to as Carrier Alignment. The process helps reduce transportation costs
for shippers – historically, with iLENS, shippers achieve an annual transportation
cost savings of 10 percent to 20 percent – while providing carriers the opportunity
to win freight awards that will strengthen or complement the carrier’s existing
lanes and operations.” McLeod added, “A growing number of our current customers
are also interested in developing a logistics capability. This product will allow
us to get them there faster.”
With the acquisition, iLENS founder Michael Voelk, along with the iLENS’ systems
analytics and consulting team, will join McLeod Software. Michael will assume the
role of Vice President of Sales - iLENS for McLeod Software. Current iLENS customers
include Greatwide Logistics Services and Smithfield Foods.
About McLeod Software
McLeod Software is a leading provider of transportation, brokerage and document
management systems. Specifically developed for the trucking industry, McLeod’s advanced
management solutions and services enable transportation companies to increase their
efficiencies in all areas while reducing costs. McLeod Software's integrated best-in-class
software products include LoadMaster IX, PowerBroker II, DocumentPower™ Enterprise
and HirePower™. Founded in 1985 and headquartered in Birmingham, Alabama, the company
serves truckload carriers and brokers throughout North America. For more information,
contact McLeod Software toll free at 877-362-5363 or visit
www.McLeodSoftware.com.
Media Contact:
Susan Fall
LaunchIt Public Relations
858-490-1050
susan@launchitpr.com