Flexport sells former freight unicorn Convoy’s tech two years after buying it

Two years in the past, Flexport Buy the caravan’s originsThe previous -century of know-how that closed a retailer. Now this platform has been bought and offered a “enormous return on investing for Flexport.”

Flexport introduced on Monday to Dat Freight & Analytics, however she refused to disclose the situations.

Over the previous 18 months, we have now rebuilt and re -launched [Convoy] “A platform is sort of a impartial digital delivery implementation layer that serves brokers, carriers and vehicles all through the market,” Felksport Ryan Petersen mentioned in an announcement. The platform is now stronger, extra used, and rather more invaluable than we have been after we acquired it. When the caravan platform matured, it was clear that to realize its full potential, it must be a impartial construction. “

Petersen wrote that the sale of Convoy will enable its firm to “focus the capital and power on our primary works” to assist clients switch delivery everywhere in the world.

The sale comes just some months after Flexport’s announcement of a set of Appearing instruments, and a plan to launch waves of recent merchandise for his or her clients twice a year- Ansailed approach from Airbnb Brian Ceski CEO.

I informed Flexport Techcrunch on the time that the second product will are available “late summer season”.