Savi Technology acquired by LaSalle Capital

Acquisition reflects the strong market for logistics informatics solutions.

By ·

Savi Technology, a leading logistics informatics solution provider, has been acquired by affiliates of LaSalle Capital of Los Angeles. The acquisition reflects the strong market for logistics informatics solutions worldwide and will allow Savi to aggressively pursue global opportunities aligned to its products, solutions and services. Terms of the transaction were not disclosed.

“Savi Technology has been at the forefront of innovation in logistics and supply chain for 23 years,” said Charles Meyer, president of LaSalle Capital.  “We look forward to working with management in accelerating growth and expanding Savi’s opportunities and offerings to support its important customers as an independent business.”

William Clark, president and CEO of Savi Technology, said “Savi is continuing to support some of the world’s most complex supply chain and logistics requirements at an exciting time for our customers and our market. We look forward to working with LaSalle Capital and to continuing our history of innovation with Savi’s state of the art logistics informatics platform. We are in the final stages of completing several new solutions that we expect to be introducing in the near future.”

Logistics informatics is a rapidly emerging technology market focused on the location, security, physical condition, and business status of physical objects as they move across geography or are utilized in a business process or transaction. Logistics informatics has evolved from the supply chain automation market and provides organizations with a factual foundation for real-time business decision-making. At the core of logistics informatics are “sense and respond” technologies that wirelessly track and monitor assets of high value to an organization.

Logistics informatics includes specialized hardware used to “tag” and “read” assets, software to consolidate data from readers, specialized applications such as warehouse management or cargo tracking systems, and advanced reporting and analytic applications that improve enterprise decision making.

“Savi Technology has been a pioneer in the application of sense and respond technologies to the complex challenges of distributed, global and mission-critical supply chain logistics,” said Michael Fauscette, Software Business Solutions Group vice president at IDC, a global provider of marketing intelligence and advisory services for the IT industry. “Savi has helped military and commercial organizations alike utilize more effective asset tracking and management to contain operating costs, improve logistics performance and to foster better decision making through real-time, fact-based information.”


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
Gaining Efficiencies Through End-to-end Warehouse Automation
Warehouse and distribution center managers in B2B and B2C have never been under more pressure to scale up their operations to meet customer demands in the new, digital economy. Warehouse Automation Custom digital issue, Peerless custom Automation white paper. Warehouse Automation research papers.
Download Today!
From the September 2016 Issue
The fashion retailer has used warehouse execution software and automation to create a true omni-channel distribution center.
Lift Truck Tips: Knowledge is Power
Software system gives new facility a competitive edge
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
5 Emerging Technologies Enabling Competitive Advantage for Distribution
Come hear about the latest in each-picking robotics, co-bots, artificial intelligence, autonomous vehicles, sensors, drones and droids that are enabling competitive advantage for distribution.
Register Today!
EDITORS' PICKS
American Eagle Outfitters’ omni-channel journey
The fashion retailer has used warehouse execution software and automation to create a true...
The data-driven lift truck
Now that manufacturers and distributors are using the data from their automated systems to drive...

Destination Maternity: Destination Automation
Running short of space in its old facility, Destination Maternity Corp. built a new, highly...
Hibbett Sports: Faster, Flexible and Efficient
A high-speed conveyor and sortation system at Hibbett Sports’ Alabama distribution center speeds...