Telematics and fleet management solutions specialist Microlise Group has acquired Vita Software for an undisclosed amount.
Vita is a SaaS-based transport management system (TMS) specialist with more than 35 years of combined operation and support experience in logistics and retail sectors.
The acquisition will enhance the Microlise software portfolio with a set of order management solutions for fleet logistics operators. These include resource and transport costing, subcontractor management and invoicing services.
The Vita deal is expected to immediately enhance earning, giving significant opportunities for both up-selling and cross-selling, embedding Microlise even further into its existing customers’ operations.
Business and product integration will begin immediately, and all existing staff are being retained.
It’s the group’s second acquisition following its purchase of TruTac in 2019. Microlise also took a 20% share in Trakm8 in December 2018.
Group CEO Nadeem Raza said: “We are excited to announce the acquisition of Vita Software, as part of our strategic plans to grow the Microlise product portfolio. This is the first of a number of targeted acquisitions that are being progressed, driving our long-term plan to offer a comprehensive suite of solutions that cater to fleets of all sizes across our strategic geographies.
“Through combining TMS technology with our existing offerings, we are providing our customers with an accessible and enriched end-to-end solution that is designed to optimise operations, increase cost visibility, and improve profitability.
“We remain committed to delivering innovative products and services that add value to our customers’ businesses, and we look forward to leveraging our expanded capabilities to achieve further growth and success.”
