LLR Partners has introduced funding in Magaya Corporation, a provider of warehouse, cargo, and supply chain control software program solutions.
Founded in 1999, LLR Partners is a middle-market private equity firm with more than $3. 5 billion raised across five budgets. The organization’s investments are centered mainly on the generation, healthcare, and services organizations.
“The Magaya team has built a complete transport, warehousing, and accounting answer, similarly greater through international-elegance services,” David Reuter, Partner at LLR Partners, said in a press release. “In addition to their era, the breadth of Magaya’s attain turned into mainly awesome, presently prolonged to over 1 six hundred customers of all sizes working worldwide delivery routes throughout more than seventy-five nations. We are excited to help Magaya continue to invest in their growth, decorate their answer services, and expand the organization’s footprint.”
Maiava was founded in 2001 via co-CEOs Jose Yoniel Garcia, Jesus David Rodriguez, and Gabriel T. Ruz, Jr. The corporation enables automation and improves enterprise operations for freight forwarders, 0.33-party logistics, wholesalers, and distributors around the arena. Its software program permits clients to process orders, manipulate and optimize their warehouse, and process shipments with accounting and communique capabilities. The corporation’s supply consists of aid and software schooling to assist deliver cost reduction, lessen threats through the IT lifecycle, and increase productivity.
“We had been committed to locating a companion who understood our marketplace and gave up patron and could help us grow,” the three Co-CEOs of Magaya stated in a joint announcement. “LLR’s track file of scaling software businesses much like ours in length, coupled with their enjoy running without delay with enterprise operations answers for distributors, made the team the clear partner of choice for Magaya.” As part of the funding, Reuter will be part of the Magaya Board of Directors alongside Michael Pantilione, vice president at LLR Partners.
