Mercurygate revenue

Mercurygate revenue DEFAULT

MercuryGate International, Inc.

MercuryGate develops a transportation management system that offers business intelligence, transportation optimization and fleet management solutions.

Revenue$60.2M
StatusActive
Employees26
Founded2000
Domainmercurygate.com
Facebook87 followers
Phone+19194698057

Financial

Geography

Headquarters

Country USA
Region / State North Carolina
City Cary
Address (raw) 200 Regency Forest Drive
ZIP 27518

Employees

Joe Juliano
Joe Juliano

President & CEO

Competitors

Web presence

website screen

N/A

Monthly visitors (SimilarWeb)

Sours: https://b2b.io/company/mercurygate

MERCURYGATE INTERNATIONAL Revenue, Growth & Competitor Profile

DBA MERCURYGATE

Last updated:

Company Awards

VC / Private Equity

Venture Capital / Private Equity

Brain Power (IP)

Patent/Trademark IP
 

Company Profile & Annual Report for Mercurygate International

Access the complete profile.

Mercurygate International Fast Facts

Note: Revenues for privately held companies are statistical evaluations.


Mercurygate International's annual revenues are $10-$50 million (see exact revenue data) and has 100-500 employees. It is classified as operating in the Software Publishers industry.



Mercurygate International's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?

Mercurygate International Annual Revenue and Growth Rate

Mercurygate InternationalRevenue Est.
($ Million)
Growth Rate (%)# Employees
2020Details in Premium Report
2019
2018
2017
2016


1-Year Growth Rate:
3-Year Growth Rate (CAGR):
Premium Report

Note: Mercurygate International's revenues are gauged from an analysis of company filings.



Investor Activity

Mercurygate International has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

DateInvestorsPercent RaisedTarget Size
December 16, 20165N/A$0 MM
Complete list of funding rounds and total amounts in the Company Report




Mercurygate International's Income Statement (based on Industry Averages)

$ Millions
(Industry Average)
Mercurygate International Revenue (Sales)Mercurygate International Premium Report
Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
 


Trademark Applications

Trademark applications show the products and services that Mercurygate International is developing and marketing. Mercurygate International doesn't have any recent trademark applications, indicating Mercurygate International is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

TrademarkDate
TOTAL TRANSPORT LEVERAGE
software as a service (SAAS) services, namely, hosting software for use by shippers of freight using truck, rail, ocean or air transportation to compare and select best routes and carriers, to optimize load capacity, to communicate with carriers, and to manage pickup and delivery of shipments; software as a service (SAAS) services featuring software to allow shippers, carriers, brokers, freight forwarders and third party logistics providers to plan, optimize, execute and settle global transportation movements while providing complete end-to-end visibility and decision support; software as a service (SAAS) services featuring software to allow users to manage parcel, less-than-truckload, intermodal and truckload shipments, complex multi-leg, ocean, air and rail movements
09/27/2019
TTL
software as a service (SAAS) services, namely, hosting software for use by shippers of freight using truck, rail, ocean or air transportation to compare and select best routes and carriers, to optimize load capacity, to communicate with carriers, and to manage pickup and delivery of shipments; software as a service (SAAS) services featuring software to allow shippers, carriers, brokers, freight forwarders and third party logistics providers to plan, optimize, execute and settle global transportation movements while providing complete end-to-end visibility and decision support; software as a service (SAAS) services featuring software to allow users to manage parcel, less-than-truckload, intermodal and truckload shipments, complex multi-leg, ocean, air and rail movements
09/27/2019
MG
software as a service (SAAS) services, namely, hosting software for use by shippers of freight using truck, rail, ocean or air transportation to compare and select best routes and carriers, to optimize load capacity, to communicate with carriers, and to manage pickup and delivery of shipments; software as a service (SAAS) services featuring software to allow shippers, carriers, brokers, freight forwarders and third party logistics providers to plan, optimize, execute and settle global transportation movements while providing complete end-to-end visibility and decision support; software as a service (SAAS) services featuring software to allow users to manage parcel, less-than-truckload, intermodal and truckload shipments, complex multi-leg, ocean, air and rail movements
08/19/2019

See all trademarks and details in the Full Report.


Recession Risk

Determine whether Mercurygate International grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Mercurygate International is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.





Market Share of Mercurygate International's Largest Competitors

A competitive analysis shows these companies are in the same general field as Mercurygate International, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

CompanyHeadquartersRevenue ($ MM)
MICROSOFTRedmond, WA100 
VMWAREPalo Alto, CA19 
WORKDAYPleasanton, CA12 
MICRO FOCUS USRockville, MD10 
ZENSAR TECHNOLOGIES IMWestborough, MA
CDK GLOBALHoffman Estates, IL
CAD MANAGEMENTHenderson, NV
KRONOSLowell, MA
TABLEAU SOFTWARESeattle, WA




Nearby Competitors

These companies are similar in business line and location to Mercurygate International. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.





Future Competition: Mercurygate International's Fastest Growing Competitors

These companies are in the same general field as Mercurygate International and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

CompanyRevenue ($ MM)
Mercurygate International Competitors


Sours: https://incfact.com/company/mercurygateinternational-cary-nc/
  1. Vintage porcelain ashtray
  2. Siberian ragdoll cat
  3. Petco under tank heater
  4. Target portable cooler
( Photo: MercuryGate )

MercuryGate will seek European expansion, implementation improvements

Earlier this week the private equity group Summit Partners announced that it had acquired MercuryGate International, a cloud-native SaaS provider of transportation management software. Although Summit and MercuryGate did not disclose the acquisition price, the whisper number on the Street was $390M. Warburg Pincus, which had a minority ownership stake in MercuryGate, was also a seller in the transaction.

MercuryGate was co-founded in 2000 by CEO Monica Wooden and President Steve Blough. Wooden will transition to a customer-facing role as Chief Revenue Officer, and Blough will serve as the Chief Product Officer. Joe Juliano, an Executive in Residence at Summit Partners, will become MercuryGate’s new President and CEO. Juliano previously served as president and CEO of IQNavigator, a SaaS-based solution for managing contingent labor, and president of RedPrairie, a provider of supply chain, transportation and workforce management software. 

FreightWaves discussed the deal by phone with Karen Sage, MercuryGate’s Chief Marketing Officer, and Peter Rottier, a managing director at Summit Partners.

“We had multiple bidders, but ultimately chose Summit because of the cultural synergies—what they wanted for our customers was exactly what we wanted,” said Sage. “Summit saw our growth potential internationally, with acquisitions, and organically.”

Although Wooden has a strong reputation as a technologist and was even known to personally write bridge code to fix urgent problems, Sage said that Wooden’s new customer-facing role would allow her to focus on what she’s always wanted to do. 

FreightWaves asked Peter Rottier about the opportunity that Summit Partners saw in MercuryGate. First, Rottier spoke about Summit’s thesis regarding transportation management software and logistics services.

“It’s a sector that we’ve followed broadly for many years in our software practice, and it’s a sector with a number of tailwinds,” said Rottier. “There’s the increasing complexity of the global supply chain, a complex regulatory environment, stresses on the supply of truckers and trucking, and ‘the Amazon effect,’ which means more and more end customers wanting drop shipment, which adds another wrinkle for shippers. Given those macro trends, companies should increasingly be looking to third party software tools to find efficiencies and realize critical differentiators, like being on time and with the correct packaging at an efficient price,” said Rottier.

Rottier explained that MercuryGate stood out to Summit Partners, “because it was built from the ground up to be cloud native and is very flexible. The platform can support the needs for a 3PL or a very large shipper… MercuryGate can cost effectively serve both sides, and companies of varying sizes, because the ROI is such that a smaller distributer can afford to purchase the cloud-delivered TMS.”

We asked Rottier how an eighteen year old, mature TMS will be able to significantly accelerate its growth, especially given the prohibitive cost of large enterprises switching from one TMS to another provider.

“People in logistics and supply chain have been a laggard to move to the cloud, but we think there’s been a change in last 3-5 years. We do think that large shippers will picking their head up and looking for a best-of-breed solution for TMS.”

Rottier also discussed Summit’s general strategy for acquiring companies, building them up, and then exiting. 

“Our typical cycle is around five years, but it varies. It can be shorter or longer, but the main thing is we support the company and get it growing as fast as we can in a durable growth mindset, investing into the product and customer success, managing the business in the pursuit of profitable growth and improving its capital structure,” said Rottier.

Summit thinks that one of the best organic growth opportunities for MercuryGate is expansion into Europe, and noted that international growth will require some investment in the product to take advantage of local resources and integrate new languages and currencies. 

Despite being a cloud-based SaaS provider, MercuryGate has suffered from a reputation for being difficult to implement and not efficiently managing its backlog of new customers. In 2015, JB Hunt sued MercuryGate for $3.1M over a failed two year long implementation process; although MercuryGate countersued for $5M, the suit was quickly resolved when both parties settled. The settlement terms were not publicly disclosed, but sources close to JB Hunt told FreightWaves that the outcome was positive for JB Hunt.

“We’re also going to continue to enhance MercuryGate’s implementation process. Out of the box we have a very powerful tool that can be configured for various users; we want to enable our customers regardless of size or delivery mode to be able to customize it for their own operations,” Rottier said.

Sours: https://www.freightwaves.com/news/summit-partners-acquires-mercurygate-390m
MercuryGate Customer Portal Video

What Is MercuryGate International?

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today's most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate's solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at www.mercurygate.com.

keywords:saas, Data Storage,Human Resources Hr,Storage,Transportation
Sours: https://growjo.com/company/MercuryGate_International

Revenue mercurygate

List of MercuryGate TMS System Customers

Since 2010, our global team of researchers has been studying MercuryGate TMS System customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Each quarter our research team identifies companies that have purchases MercuryGate TMS System for Transportation Management System from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.Companies using MercuryGate TMS Systemfor Transportation Management Systeminclude: UPS Supply Chain Solutions, a United States based Transportation organisation with 50000 employees and revenues of $13.00 billions, GEODIS USA, a France based Transportation organisation with 41000 employees and revenues of $9.96 billions, Technicolor USA, Inc, a France based Professional Services organisation with 11228 employees and revenues of $3.66 billions, Kuehne + Nagel, a United States based Distribution organisation with 7500 employees and revenues of $2.00 billions, Hibbett Sports, a United States based Retail organisation with 3600 employees and revenues of $1.42 billions and many others. Contact us if you need a completed and verified list of companies using MercuryGate TMS System, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the SCM software purchasesThe MercuryGate TMS System customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of SCM software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic market data source!



Showing 1 to 10 of 11 entries

Sours: https://www.appsruntheworld.com/customers-database/products/view/mercurygate-tms-system
How Sephora simplifies carrier selection with MercuryGate TMS

MercuryGate International Among Cloud Top 500

482

MercuryGate International Strengths, Domain Expertise, and Key Differentiators

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for todays most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGates solutions are unique in their native support of all modes of transportation on a single platform including, Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal.

Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs.

MercuryGate International Recent Developments

In February 2020, MercuryGate released Total Transport Leverage (TTL), a combination of feature-rich functionality and usability designed to address the growing automation complexities that transportation leaders face. TTL goes beyond traditional transportation automation to better enable supply chain professionals to leverage time, people, information, opportunity, efficiency, and innovation. “The verdict is in – a strong union of power and usability built on a purpose-built architecture is a competitive must-have in 2020 for transportation leaders to win as they address an increasingly complex, globally competitive marketplace,” said MercuryGate President & CEO Joe Juliano. “That means solving the traditional TMS trade-off dilemma and addressing domestic and global supply chain complexities with the best of both worlds – power and usability. That’s where the market has fallen short.

MercuryGate’s TTL uniquely combines robust functionality with ease-of-use to deliver an unmatched level of return on investment, risk mitigation, business differentiation, and value attainment. TTL offers the power of omnimodal coverage, global reach, end-to-end omnimodal optimization, advanced business intelligence, built-in carrier management, and prioritized exception management while also enabling usability through rapid onboarding, personalized access, easy integrations, guided workflows, and high adaptability.

To kick off 2020, the company also launched a new website to continue highlighting the benefits of its singular focus on a feature and functionality-rich TMS platform for the transportation industry and a data-centric operation in a changing industry encompassing local, national and international needs. The new site provides an even greater depth of product knowledge and provides visitors with an improved way of connecting with industry thought leaders through communities and product support.

In 2017, MercuryGate enhanced its comprehensive global offering through an OEM agreement with Integration Point. As a result, customers have the capability of continuous screening and access to comprehensive denied party sources, enabling more efficient execution of this important aspect of managing global shipments. In the same period, MercuryGate launched MercuryMaestro, an innovative, advanced business intelligence (BI) platform, designed specifically to enhance the value and visual presentation of data captured within MercuryGates TMS solutions.

In September 2017, the company launched MercuryFleet, an innovative product designed to combine fleet and freight management for all modes of transportation in one platform for significant cost savings and operational efficiencies. Earlier in May, MercuryGate launched ezVision. This user experience for the MercuryGate TMS solutions is designed to make transportation management easier, faster, and more dynamic. By providing customers with quick access to the most critical and frequent functions done on a day-to-day basis, ezVision creates a workflow that maximizes user efficiency.

MercuryGate International Mergers and Acquisitions (M&A) Activities

In July 2019, MercuryGate acquired TranSolutions, Inc., provider of transportation-centric claims management software. Founded in 1997, TranSolutions is a premier vendor of freight claim management software revolutionizing the logistics software industry with the introduction of myEZClaim, the freight claim software. The acquisition instantly enriches MercuryGate’s TMS portfolio with expansion into freight claim management solutions delivered on an integrated platform.

In August 2018, Summit Partners, equity investor acquired MercuryGate International.

MercuryGate International Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MercuryGate International applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of MercuryGate International and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MercuryGate TMS,MercuryMaestro, MercuryFleet, MercuryProcure, customers.

MercuryGate International Key Enterprise and Cloud Applications

MercuryGate TMS,MercuryMaestro, MercuryFleet, MercuryProcure,

MercuryGate International Revenues, $M:


* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

MercuryGate International Revenue Breakdown By Type, $M:

MercuryGate International Enterprise Applications Revenues By Functional Markets, $M:

MercuryGate International Enterprise Applications Revenues By Verticals, $M:

MercuryGate International Revenues By Region, $M

MercuryGate International Direct vs Indirect sales

MercuryGate International Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified MercuryGate International Customers


No. of MercuryGate International Customers: 450

No. of MercuryGate International Enterprise Applications Customers: 450

No. of MercuryGate International Cloud Customers: x

No. of MercuryGate International Cloud Subscribers: 300000


Each day, 450+ companies and over 300,000 users, from over 80 countries in 18 different languages, log into the MercuryGate TMS to manage their international transportation. Customers win in 3Q 2018 include Coda Group, Goodman Manufacturing Company, OpenRoad Transportation, Vets First Choice, and many others. Expanded business into existing customers includes Evans Transportation Services, InTek Freight & Logistics, and Ryder, among others.

MercuryGate International Market Opportunities, M&A and Geo Expansions

In July 2019, MercuryGate acquired TranSolutions, provider of transportation-centric claims management software. Founded in 1997, TranSolutions is premier vendor of freight claim management software revolutionizing the logistics software industry with the introduction of myEZClaim.The acquisition instantly enriches MercuryGates TMS portfolio with an expansion into freight claim management solutions delivered on an integrated platform.

In August 2018, MercuryGate launched Value Assessment offering, a service designed to help companies accomplish the full potential of their supply chain technology and processes. This customized service is designed to help companies maximize return on their technology investments, boost efficiency, and prioritize strategic technology projects, based on their potential impact on operational and business results.

In 2017, MercuryGate launched its Logistics Integrator Program, an innovative offering that combines the demonstrated power of MercuryGates TMS technology, with a proven design, delivery, and execution, best practice capabilities of select, pre-approved logistics services providers (LSPs) that have demonstrated competence in meeting the evolving needs of shippers today.

MercuryGate International Risks and Challenges

After being acquired by Summit Partners in August 2018, as a part of this transition, Monica Wooden, Co-founder, and CEO transitioned into a customer-facing role at the company as Chief Revenue Officer, while Co-founder and President Steve Blough continued on as Chief Product Officer. Joe Juliano, an Executive-in-Residence (“EIR”) with Summit Partners and software industry leader, will join MercuryGate as President and CEO and will work closely with Monica and Steve to drive growth and scale initiatives.

Despite being a cloud-based SaaS provider, MercuryGate has suffered from a reputation for being difficult to implement and not efficiently managing its backlog of new customers.

In 2015, JB Hunt sued MercuryGate for $3.1M over a failed two-year-long implementation process; although MercuryGate counter-sued for $5M, the suit was quickly resolved when both parties settled. The settlement terms were not publicly disclosed, but the sources close to JB Hunt told FreightWaves that the outcome was positive for JB Hunt.

MercuryGate International Ecosystem, Partners, Resellers and SI

In May 2019, MercuryGate unveiled a partnership and technology integration with Convey, the leading provider of Delivery Experience Management (DEM) software. The partnership integrates Conveys Delivery Experience Management technology into MercuryGates TMS solutions to allow shippers to launch DEM programs that provide complete visibility through the last mile of delivery. MercuryGate Partners are consulting firms, logistics service providers, and software companies worldwide.

Some of the Strategic Alliance Partners are Banyan Technology, Carrier 411 and others.Logistic Integrator Partners are Red Wood and rock farm. Cybage, Infor and Envista are Logistic Consulting Partners. Some of Referreal Partners are: Apollo, Celestica, CMAC Inc. and others. Besides in the USA, MercuryGate has offices in Singapore and London.

MercuryGate International Cloud Infrastructure Insights

Subscribe to read more about:

  • MercuryGate International Public Cloud and Infrastructure (IaaS)
  • MercuryGate International Platform (PaaS)
  • MercuryGate International Application Delivery
  • MercuryGate International Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ

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