Microlise Group, a Nottingham-headquartered provider of SaaS based transport technology solutions to fleet operators, has acquired Vita Software, a provider of transportation management system (TMS) solutions, for £2.06 million.
The acquisition will expand Microlise’s suite of transport technology solutions and is expected to immediately enhance earnings.
Established 2012 in the UK, Vita Software is a SaaS based TMS who are highly regarded and profitable, adding recurring revenue to the Microlise Group. They provide a range of order management products to fleet logistics operators, which includes resource and transport costing, subcontractor management and invoicing solutions. Business and product integration will begin immediately, with all existing staff being retained.
Microlise’s existing solutions manage the safe, compliant, and efficient execution of the transport movements through its range of subscription services, offering the tracking and execution of generated orders.
Vita Software’s TMS capabilities provides upsell and cross-sell opportunities, embedding Microlise even further into its existing customers’ operations. The software only system is applicable to fleets of all sizes, supporting the group’s strategy to expand its value proposition further into medium sized fleets, with an enriched product offering.
Microlise CEO Nadeem Raza said: “We are excited to announce the acquisition of Vita Software, as part of our strategic plans to grow the Microlise product portfolio using funds raised via our IPO.
“This is the first of a number of targeted acquisitions that are being progressed, driving our long-term plan to offer a comprehensive suite of solutions that cater to fleets of all sizes across our strategic geographies.
“Through combining TMS technology with our existing offerings, we are providing our customers with an accessible and enriched end-to-end solution that is designed to optimise operations, increase cost visibility, and improve profitability.
“This acquisition will also provide us significant opportunities for upselling and cross-selling, enabling us to further strengthen our relationships with our customers and reinforce our position as a leading provider of transport technology solutions.
“We remain committed to delivering innovative products and services that add value to our customers’ businesses, and we look forward to leveraging our expanded capabilities to achieve further growth and success.”
