DrayMaster, Inc.

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DrayMaster, Inc. - overview

Established

2012

Location

Henderson, TN, US

Primary Industry

Software

About

Based in the US, DrayMaster, Inc. specializes in logistics solutions that enhance the efficiency of container drayage operations, offering advanced technology platforms to facilitate streamlined workflows for operators in the industry. DrayMaster, Inc. was founded in 2012 in Henderson, US, focusing on logistics and drayage efficiency solutions.


The company was acquired by Envase, Inc. in February 2021, a transaction whose financial terms were not disclosed. The firm has engaged in one deal since its inception. DrayMaster, Inc.


offers a suite of logistics solutions through its CargoWise Landside platform, including the Trinium TMS, designed for modern container drayage operations. This enterprise system facilitates processes from order intake to billing and supports intermodal trucking operations with features such as rate management and order automation. The company serves clients across North America, Europe, and Asia, catering to a diverse customer base that ranges from small fleet operations to large logistics companies. The company generates revenue via a subscription-based model, with clients entering annual contracts for access to its software solutions, including Trinium TMS and other products like DrayMaster and SecurSpace.


This model enables logistics providers to utilize the technology platform, enhancing operational efficiency, with pricing structured to meet the diverse needs of both small and large enterprises. Following the acquisition by Envase, Inc. , the company is expected to leverage its resources for growth by enhancing its product offerings and entering new markets. While specific upcoming products and their release dates have not been disclosed, the firm is likely to explore expansion in North America, Europe, and Asia to strengthen its market presence.


Recent funding from the acquisition will support these initiatives, allowing DrayMaster, Inc. to innovate and expand its logistics solutions.


Current Investors

Envase, Inc.

Primary Industry

Software

Sub Industries

Logistics Software

Website

www.draymaster.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

DrayMaster, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedDrayMaster, Inc.-

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