Prophesy Transportation Software, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Prophesy Transportation Software, Inc. - overview

Location

-, CT, US

Primary Industry

Software

About

Prophesy Transportation Software, Inc. provides specialized trucking software solutions that enhance operational efficiency for trucking companies through comprehensive dispatch, tracking, and accounting systems. Prophesy Transportation Software, Inc. develops software tailored for the trucking industry.


The company was acquired by Accellos, Inc. in September 2008. Edward Forman serves as the CEO, leading the company in its operations based in the United States. Prophesy Transportation Software specializes in providing comprehensive trucking software solutions that streamline operations for trucking companies.


Their core product offerings include Prophesy Dispatch, a robust system designed to enhance dispatching operations by integrating real-time tracking, automated communication, and seamless accounting features. This software facilitates efficient management of daily trucking operations, allowing users to effectively monitor fleet activities and manage payroll, billing, and compliance. The software has been well-received by various clients, including truckload carriers, less-than-truckload (LTL) carriers, brokers, and private fleets, primarily operating in North America. Prophesy’s solutions are particularly noted for their scalability, enabling companies to expand their capabilities as they grow without being limited by the software's functionality.


Prophesy generates revenue through a subscription-based model for its software solutions, primarily targeting B2B transactions with trucking companies. Clients purchase licenses for Prophesy Dispatch, which may involve one-time setup fees alongside recurring subscription payments for ongoing access to the software and updates. The company’s flagship product, Prophesy Dispatch, is priced competitively within the market, appealing to a range of trucking businesses looking for efficient fleet management solutions. In addition to the core dispatch software, customers may choose to add supplementary features or modules as their operational needs evolve, further contributing to the company's revenue stream.


The established clientele, which includes over 10,000 public and private fleets, reflects the strong demand for Prophesy’s integrated solutions, underscoring its reputation as a leader in the trucking software industry. Prophesy Transportation Software is focused on designing new product features to enhance its existing software offerings, with plans for updates in the next fiscal year. The company aims to expand its market presence beyond North America into regions such as Europe and Asia by 2025, leveraging recent funding from its acquisition to support these initiatives and enhance its product development capabilities.


Current Investors

Accellos, Inc.

Primary Industry

Software

Sub Industries

Logistics Software

Website

www.mile.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.