Convoy Sells Tech Stack to Mystery Buyer

Convoy Inc., the recently shuttered digital freight platform, has successfully closed a deal concerning its tech stack, sources say. This technology encompasses:

• The widely-used driver application.

• Advanced systems for freight matching and pricing.

Details Under WrapsInformation regarding the sale is limited. The identity of the buyer is not disclosed, ensuring confidentiality. Dan Lewis, Convoy's CEO, hinted about this transaction on LinkedIn, indicating that it involves significant "tech/services" and will see the transfer of some Convoy team members.

Convoy's JourneyOver its operational years, Convoy developed:

• Software tailored for smaller fleet operations.

• Transportation management system portals aiming to automate processes.

Source: FreightWaves