Last-mile software provider DispatchTrack has acquired Latin American logistics software firm Beetrack to expand its footprint in Chile, Peru, Argentina, Colombia, Mexico, and Costa Rica.
The Software-as-a-Service (SaaS) company, which raised US$144m (£108m) in a first round of growth equity, has developed a platform and proprietary hybrid routing algorithm that automatically determines optimal delivery routes, truck loads and provides end-to-end delivery tracking.
DispatchTrack’s solution enables retailers and delivery companies to give customers the ability to self-schedule delivery windows, receive proactive real-time updates about a shipment’s progress.
“DispatchTrack has developed the most impactful and scalable last-mile delivery solution on the market. We have a very like-minded approach to today’s extremely complex last-mile logistics challenges with highly complementary technologies,” said Beetrack CEO Sebastian Ojeda.
“We’re proud to be joining DispatchTrack’s team and excited to provide Beetrack customers with added functionality and efficiencies so they can better serve their customers.”
Currently, Beetrack is headquartered in Santiago, Chile with offices in Mexico, Peru, and Colombia. It offers logistics technology for optimal route planning, traceability, and control of last-mile deliveries.
The company has over 100 employees and manages more than 55,000 deliveries per hour for brands including Walmart and Coca Cola.
“Beetrack is well-known and well-regarded for its leadership in last mile logistics for the Latin American market,” aid Satish Natarajan, co-founder and CEO of DispatchTrack.
“With incredible technology, customer growth, and momentum, Beetrack powers deliveries for top brands across the region.
“This acquisition represents a massive expansion and market opportunity for DispatchTrack in this fast-growing geography,”