M&A Deal Summary

Project44 Acquires Convey

On September 21, 2021, Project44 acquired internet software and services company Convey for 255M USD

Acquisition Highlights
  • This is Project44’s 1st transaction in the Internet Software and Services sector.
  • This is Project44’s largest (disclosed) transaction.
  • This is Project44’s 2nd transaction in the United States.
  • This is Project44’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-09-21
Target Convey
Sector Internet Software and Services
Buyer(s) Project44
Deal Type Add-on Acquisition
Deal Value 255M USD

Target

Convey

Austin, Texas, United States
Convey is an operator of the Delivery Experience Management platform that powers customer delivery experiences for some of the world’s most recognizable brands in retail and logistics. The company’s DEM platform combines estimated delivery date in the cart, real-time visibility in transit, post-purchase communications, and AI-driven insights to create a solution capable of perfecting last mile delivery. Convey was founded in 2013 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Project44

Chicago, Illinois, United States
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 ClearMetal

San Francisco, California, United States

ClearMetal is a provider of international supply chain visibility and predictive analytics for enterprises. ClearMetal’s patented artificial intelligence (AI) enables organizations to optimize their supply chains and provides customers with easy access to trusted, live information about their orders and shipments. ClearMetal is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Synfioo

Potsdam, Germany

Synfioo offers an innovative software platform for Process-ETA calculation and real-time multimodal transportation monitoring. Relevant setbacks on the initial transport plan like: congestions, security controls, strikes, bad weather conditions, among others, are directly reported upon occurrence. Synfioo was formed in 2015 and is based in Potsdam, Germany.

Buy -
Mergr

Product

Company

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