Veho | June 30, 2022
Veho, the customer-first logistics platform that powers next-day delivery for e-commerce brands, is expanding its premium last-mile delivery and returns solution further into the Midwest, with newly opened facilities in Cincinnati and St. Louis, joining previously opened facilities in Chicago, Indianapolis and Milwaukee. In the fall, Veho will also begin serving Cleveland-based customers and partners, bringing Veho to a total of six Midwest markets by end of year. The Midwest expansion enables Veho e-commerce partners to provide consistent and reliable next-day package delivery and doorstep returns to their customers, including real-time customer support, 99.9% on-time delivery rates, and an average 4.9 star customer rating.
In addition to several dozen operations staff already in market, Veho will be adding over a hundred new full-time employees in the Midwest by the end of 2023 for the continued expansion and operation of the newly opened facilities. Moreover, thousands of independent driver-partners are already using the Veho app to earn.
"As we continue to scale our premium customer experience across the U.S., doubling down on our growing Midwest customers and partners was a natural next step. We continue to focus on expanding our footprint in areas where our clients see the most value and are looking forward to bringing a new, customer-first delivery experience to the Midwest,"
-Itamar Zur, co-founder and CEO of Veho.
With its company-operated facilities in-market, including sort centers and depots, Veho facilitates next-day delivery from a brand's distribution center all the way to customers' doors via its technology platform and a network of independent crowdsourced drivers. Veho's Midwest market will have over 300,000 sq ft of warehousing space after the opening of the Cleveland hub.
Veho provides a transparent and predictable earnings opportunity for driver-partners, with the ability to independently select routes. Veho's proprietary technology powers a platform that seamlessly matches demand for deliveries with driver-partners, enabling them to collect packages from Veho hubs and deliver them to consumers on dense last-mile routes—including offering convenient doorstep pick-ups at a customer's request.
"We couldn't be more excited about our Midwest expansion. In addition to bringing Veho's best-in-class customer experience to the region, our Midwest facilities will provide excellent full-time jobs, as well as convenient and flexible work opportunities for driver-partners,"
-Matt Neururer, General Manager for Veho Midwest.
With the new openings in Cincinnati, St. Louis, and soon Cleveland, Veho will be serving 22 cities in five major U.S. regions to rapidly expand its platform that powers premium, next-day package delivery and doorstep pickups across the country.
Veho is a technology company that is revolutionizing logistics to enable fast, transparent, and personalized deliveries that increase customer satisfaction and drive customer lifetime value. For e-commerce brands, Veho's platform facilitates personalized delivery and returns that protects brands' premium experience from their warehouse to their customers' doorstep. By leveraging live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile driver-partners, Veho provides e-commerce brands with a complete solution to make delivery a new competitive edge. For more information, please visit https://shipveho.com.
11:11 SYSTEMS | July 11, 2022
11:11 Systems (“11:11”), a managed infrastructure solutions provider, announced the acquisition of Static1, a leader in managed network and IT infrastructure development and services. Driving increased productivity, efficiency and security for its customers, Static1 designs, builds, runs and optimizes IT infrastructure.The enterprise network infrastructure market is valued at $56B as of 2021, and is expected to grow significantly over the next five years. The shifting dynamics of remote work and the increased need for bandwidth and technology to enable the migration to wireless are major factors driving the growth of the connectivity market. IT leaders must ensure applications and data are connected, anywhere, anytime, but most businesses do not have the internal resources to manage those new complex infrastructure requirements.
“Feedback from customers has shown that there is a dearth of offerings that combine cloud, connectivity and security in one platform, We are focused on providing the platform for these three core pillars while ensuring that our customers’ apps and data are always running, accessible and protected. Static1 is a natural addition to our portfolio particularly because of the team’s significant depth in connectivity. With this acquisition, we will strengthen our existing managed services and add entrenched industry expertise and relationships to our portfolio.”
-Brett Diamond, CEO, 11:11 Systems
Static1 is a leader in complex industries such as media, entertainment, pharmaceutical, retail, financial services and not-for-profits. Their services span the gamut from connectivity to security management to monitoring, network, infrastructure and SD-Wan technology. Through this acquisition, Static1’s team and technology will complement 11:11’s recent acquisitions of Unitas, Cleareon, iland and Green Cloud Defense– each of which hold market leadership positions within the cloud, connectivity and security spaces.
“11:11 and Static1 share a vision for addressing the most pressing issues that businesses face, This exciting step forward benefits our customers with continued best-in-class support, greater uptime, reliability and security, all while reaping the benefits of accessing the full spectrum of purpose-driven solutions 11:11 has to offer.”
-Anthony Lobretto, president and CTO, Static1
11:11 is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms.
Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to 11:11 Systems in connection with this transaction. Perkins Coie acted as legal advisor to 11:11 Systems. The terms of the transaction were not disclosed.
ABOUT 11:11 SYSTEMS
11:11 Systems is a managed infrastructure solutions provider that holistically addresses the challenges of next-generation managed cloud, connectivity and security requirements. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes fully-integrated, fully-automated services, activities and data powered on a single platform delivering increased performance, optimization and savings. Learn more at 1111Systems.com.
Static1 is a Managed Services Expert that focuses on clients needing solutions to process complex data sets, share high bandwidth files across the globe, manage remote workforces while protecting data security and integrity, and more. With the tools, processes and knowledge to design, build, run and optimize IT infrastructures, Static1 builds what companies need and services what the company builds, taking great pride in helping clients anticipate, operate, integrate and collaborate better. For more information and a full review of capabilities, visit Static1 at www.static1.com
ABOUT TIGER INFRASTRUCTURE PARTNERS
Tiger Infrastructure Partners is an innovative, middle-market private equity firm that invests in new and growing infrastructure platforms. Tiger Infrastructure targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe. For more information, visit www.tigerinfrastructure.com.
ACERTUS | June 22, 2022
ACERTUS, an omnichannel automotive logistics platform, was named the preferred vendor for vehicle logistics by the National Independent Automobile Dealers Association (NIADA). This new, strategic partnership brings ACERTUS' comprehensive technology to thousands of NIADA members nationwide – giving independent automobile dealers access to enhanced services to seamlessly move, store, recondition, title and home deliver vehicles to compete in today's market.
Providing necessary technology to small and independent dealers is paramount to leveling the automotive retail playing field, allowing every auto dealer, no matter the size, to easily sell vehicles nationally and meet customers where they are without logistics or title and registration being a roadblock. The new dealermallUSA by NIADA provides association members access to a range of affiliated products and services supporting the needs of small and independent dealers, including ACERTUS' proprietary Transportation Management System (TMS), VINlocity. Through ACERTUS' platform, members can instantly connect to capacity of more than 7,400 carriers, 1,000 drivers, 66 hub and home delivery prep locations and title and registration processing capabilities in all 50 states, as well as get quotes, place and manage orders.
"Automotive retail has a long tail of small and independent dealers critical to meeting the current unprecedented demand for inventory,Through this strategic partnership we can deliver technology to thousands of dealers, empowering and enabling them to expand the markets in which they can sell and acquire inventory, meet expectations for faster fulfillment and upshift the customer experience all on our logistics platform."
-Trent Broberg, ACERTUS CEO
The partnership kicks off during the 76th annual NIADA National Convention and Expo in Las Vegas, Nevada bringing together independent dealers to learn the latest strategies, best practices, and emerging trends from the industry's top minds, subject matter experts, and peers.
Independent retailers are disproportionately feeling the effects of industry disruptions and inventory challenges,NIADA CEO Bob Voltmann said. NIADA members are calling for a solution to navigate these challenges and address the current gap between the independent dealers and the top 150 dealers and large digital retailers. ACERTUS provides a unique blend of technology, infrastructure and experience to empower our members to remain competitive.
ACERTUS has created the only completely comprehensive approach to automotive logistics with the ability to move, store, recondition, title and deliver vehicles anywhere in the country through one platform. With one company to handle the entire vehicle journey, this strategy dramatically improves efficiency and reliability for customers. Our people, process, innovative technology and relentless drive to deliver are just some of the reasons we made Inc. Magazine's list of the 5000 fastest-growing companies in the U.S. For more information, call 855-ACERTUS (855-223-7887) or visit ACERTUSdelivers.com.
The National Independent Automobile Dealers Association (NIADA) is among the nation's largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA's grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry.
For more than 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com.