Transport management software provider Mandata, backed by growth equity investment firms Tenzing and Lloyds Development Capital, have completed the acquisition of Eureka Information Systems Ltd, a privately owned provider of transport and logistics software.
Founded 10 years ago by Eddie Doyle and Damien Power, Eureka Information Systems Ltd (Eureka) is one of Ireland’s fastest-growing suppliers of software to the transport and logistics industry. The company has over 200 customers who rely on Eureka’s integrated systems to run every aspect of their transport operations, saving their businesses time and money and increasing productivity.
Mandata is based in Newcastle upon Tyne and has more than 2,000 customers benefiting from its suite of transport management and related software products. Mandata’s solutions help hauliers manage their day-to-day operations more effectively, ensure compliance, reduce their carbon footprint, and improve real-time visibility of their operations.
Commenting on the acquisition, Chris Rigg, CEO of Mandata said, “The acquisition of Eureka is a step towards achieving our goal of becoming the go-to provider of best-in-class transport management software in the UK and Europe. Built up over the past decade to being one of Ireland’s foremost providers of transport management systems, Eureka’s product offering supports Mandata’s mission to help road transport operators succeed in all market conditions.”
Eddie Doyle, Co-founder of Eureka Information Systems, added: “Damien and I are delighted that Eureka Information Systems is now part of the Mandata Group, which will further enhance the services we provide to our existing customers. The company will continue to operate from Rosslare and all customer contact points with the Eureka team will remain.”
Speaking on behalf of Tenzing, Co-Founder and Managing Partner Guy Gillon said, “Eureka Information Systems is Mandata’s first Tenzing-backed acquisition, and it is the first European acquisition as part of our investment journey with Mandata. It supports our joint ambition to expand Mandata’s footprint and establish itself as the leading provider of transport management solutions across the UK and Europe through strategic acquisitions.”