CAMPBELL, Calif. — DispatchTrack, a last mile logistics software provider, has acquired Beetrack, a Latin American leader in logistics software, strengthening its presence in Latin America with the addition of more than 850 customers across 20 countries, including Chile, Peru, Argentina, Colombia, Mexico, and Costa Rica.
The purchase price for the deal, which closed last week, was not disclosed.
“This acquisition represents a massive expansion and market opportunity for DispatchTrack in this fast-growing geography,” said Satish Natarajan, DispatchTrack co-founder and CEO.
He said Beetrack is “well-known and well-regarded for its leadership in last mile logistics for the Latin American market. With incredible technology, customer growth, and momentum, Beetrack powers deliveries for top brands across the region.”
Natarajan added the two companies share a “commitment to delivering stellar innovation and new efficiencies to brands, and a superior delivery experience to their customers. Sebastian Ojeda, Beetrack’s CEO, and the leadership team bring invaluable domain expertise to DispatchTrack.”
Founded in 2010, DispatchTrack received $144 million in a first-round of growth equity funding in May 2020 from Spectrum Equity. The company’s technology powers more than 60 million deliveries every year for thousands of customers globally, it said in the release announcing the Beetrack deal. Its software-as-a-service patform “simplifies complex last mile deliveries and service operations for major B2B and B2C brands and their delivery partners so they can provide high-touch, frictionless, and delightful delivery experiences to their customers,” the company noted.
DispatchTrack serves brands across a broad range of industries including retail, furniture and appliance, consumer package goods, construction, grocery, restaurants, food and beverage, and third-party logistics firms (3PLs). Its platform and proprietary hybrid routing algorithm automatically and dynamically determines the optimal delivery route and truck loads, and provides end-to-end delivery tracking — from the moment an item leaves the warehouse to the moment it is delivered or installed at its destination. Retailers using the service can give their customers the ability to self-schedule a convenient delivery window, receive proactive real-time updates about the shipment’s progress, and experience.
Beetrack is headquartered in Santiago, Chile with offices in Mexico, Peru, and Colombia, Its revenues, operations and customer base have grown rapidly since its inception, and the company now has more than 100 employees and manages more than 55,000 deliveries per hour for leading brands including Walmart, Coca Cola, and Cencosud.