M&A

Houston logistics SaaS company makes strategic acquisition

Houston-based Velostics has made an M&A move to integrate new software onto its platform. Photo by Tom Fisk from Pexels

A Houston company that has created software to automate logistics at terminals, plants, and warehouses has announced the acquisition of a California-based startup.

Houston-based Velostics Inc. has acquired Terusama, a logistics tech company with dock management and truck scheduling capabilities. The company's software solution that speeds up truck loading and unloading w2ill be rolled into Velostics's platform.

"We are enthusiastic about integrating Terusama's truck scheduling with Velostics' load automation and check-in solutions. The combined offering enables Velostics to create a new standard for inbound logistics automation," says Gaurav Khandelwal, CEO of Velostics, in a news release.

"We can now bring to market unmatched ROI on logistics automation, by providing visibility into future demand, reducing delays associated with load prep and staging, eliminating manual errors, improving throughput and reducing operating costs and detention at our customers' facilities," he continues.

The two software-as-a-service solutions aim to reduce delays and errors, improve ROI, and provide visibility into deliveries and future product demand.

"Appointment scheduling technology is a powerful lever to track, measure, and improve operations at facilities large and small. Being part of the Velostics family gives Terusama the opportunity to not only continue that mission, but also to accelerate and to serve larger markets," says Andrew Denta, CEO of Terusama. "I have full confidence that Velostics' unique capabilities, out-of-the-box integrations with carriers and solid support resources will further fuel the growth at Terusama and further reduce cost to the customer."

The details of the deal were not disclosed. Founded in San Francisco last year, Terusama has raised $150,000 from Y Combinator, according to Crunchbase, and has two employees.

Terusama's trucking software will be implemented into Velostics's services. Image via terusama.com

Trending News

Building Houston

 
 

Optellum and Liongard have hired two new members to their executive teams. Photos courtesy

A couple of Houston tech startups have recently announced new appointments to their C-suites. A med tech company with its national headquarters in Houston has a new leader, and a Houston software has a new exec focused on strategy.

Optellum names new CEO

Jason Pesterfield will lead United States operations for Optellum. Photo courtesy of Optellum

Optellum, a medical software startup based in the United Kingdom and has its United States HQ in Houston, has appointed Jason Pesterfield as CEO to lead growth in the U.S. clinical market. Optellum AI-based software enhances early lung cancer diagnosis and therapy with its medical device software platform, Virtual Nodule Clinic.

Pesterfield was previously the president and CEO of Veran Medical Technologies, a leader in image-guided lung cancer diagnosis. He brings 25 years of leadership experience in the medtech sector. Optellum was founded by Václav Potěšil, Lyndsey Pickup, Timor Kadir, Professor Sir Mike Brady, and Jérôme Declerck.

"It took us almost a year to find the right successor who shares our vision and has the right expertise to take Optellum on to the next stage of growth," says Potěšil in a news release. "I am really excited to work with Jason, to make Optellum's platform available to every clinician in the USA and around the world, and to help them diagnose their lung cancer patients as early as possible. With Jason on board, I can focus on advancing Optellum's vision to transform early lung cancer therapy through partnerships that harness the power of AI software combined with molecular diagnostics, robotics and interventional devices, and drugs."

Liongard announces chief strategy officer

Patrick Schneidau is the chief strategy officer for Liongard. Photo courtesy

​Houston software-as-a-service company, Liongard, has named Patrick Schneidau as chief strategy officer. The company, founded in 2015, was a 2021 InnovationMap Awards finalist and reported that the team was looking to expand by around 70 new hires over the next year.

"Liongard is an incredible Houston growth story," Schneidau tells InnovationMap. "Our founders, Joe Alapat and Vincent Tran, have built a first-class team that allow technology service providers to operate at 10x by providing unprecedented insight and data into the systems deployed in the modern IT stack. In a rapidly growing market, they are quickly becoming 'must have' technology. I'm excited to join to team to accelerate their growth into new markets and with new products."

Schneidau spent over a decade at Houston-based PROS before serving in C-level positions at two other Houston startups — Commtrex and Truss. He's also previously served as talent committee chair for Houston Exponential.

Trending News