Redwood acquires Eminent to boost technology integration
May 21, 2019
Chicago-based Redwood Logistics has acquired Eminent Global Logistics, a provider of transportation management systems (TMS) implementation and integration services, to bolster its technology integration and consulting services platform.
Eminent, which was founded in 2002 and is headquartered in Pennsylvania, is a consultant and integrator for Oracle transportation, global trade and warehouse management. It complements Redwood's existing knowledge services team, which was named Mercury Gate TMS Integrator of the Year for 2017 and 2018.
Additionally, Eminent's Rapid suite of products for Oracle transportation and global trade implementations complements Redwood Connect, Redwood's connectivity platform for implementation of TMS offerings.
These proprietary tools, when combined with Redwood's understanding of the freight markets, analytics capabilities and services that help users move their freight, boost Redwood’s transportation technology. Eminent's clients stand to benefit from the full logistics suite available through Redwood.
"Shippers make a substantial investment in a TMS and they need help generating the best possible return on that investment," said Mark Yeager, CEO of Redwood. "We have had great success helping customers optimise Mercury Gate, and now we are in a position to do the same for customers of OTM. The acquisition of Eminent improves our position as subject matter experts for two of the most sophisticated tools in the industry and solidifies our position as a true partner with our clients."
He said Eminent's people, deep expertise and success in implementation drew it to the company.
"There's also a natural alignment with our current offering,” he said. “Redwood can now offer an even broader technology set to customers of varying sizes, complexities and business models."
Kathy Moore, CEO of Eminent, added: "We are excited to join the Redwood team. The combination of Redwood Connect, Rapid OTM and our team of over 70 tech-enabled specialists and multiple TMS and transportation platforms differentiates us in the marketplace as innovation leaders."
And Joost Thesseling, managing director at CI Capital, said: "The acquisition of Eminent marks another step towards building Redwood into one of the largest, strategically integrated and technologically innovative logistics providers in North America. We look forward to continuing to support the company in its acquisition strategy."
For more than 15 years, Redwood has been helping move and manage freight, and sharing its knowledge across North America.
Terms of the transaction were not disclosed.