Descartes announced this week it has acquired Assure Assist, which does business as MyCarrierPortal offering fleet onboarding and risk monitoring products.
MyCarrierPortal helps freight brokers and shippers set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver shipments based on the broker’s risk and compliance criteria.
“Carrier fraud and cargo theft is an ongoing problem in the transportation industry. This acquisition is another investment to help enable improved Know-Your-Carrier (KYC) capabilities that are critical to improve supply chain performance and fraud reduction,” said Dan Cicerchi, general manager of transportation management at Descartes.
“We actively connect with hundreds of thousands of carriers and thousands of brokers and shippers. Many of these participants have expressed their desire for us to further extend our investments in fraud prevention. The combination of MCP and our Descartes MacroPoint FraudGuard tool presents a differentiated solution for our customers to efficiently onboard carriers while enhancing visibility and compliance, and reducing fraud risk.”
The deal is valued at US$24 million up-front with additional performance-based considerations.
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