Triumph Financial, a financial and technology company focused on payments, factoring, intelligence and banking solutions for the transportation industry, announced it has completed its previously announced acquisition of Greenscreens.ai.
“Our mission has always been to provide transparent, customizable and actionable intelligence that helps customers make confident decisions. Now, with…”
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“We acquired Greenscreens.ai to change how freight industry participants approach pricing strategy,”
“This acquisition allows us to bring to market a powerful alternative to the bundled solutions that have limited customer choice for too long. Backed by the…
“Being part of Triumph gives us the resources and reach to expand the impact of what we’ve built,”
“Our mission has always been to provide transparent, customizable and actionable intelligence that helps customers make confident decisions. Now, with…”
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“We acquired Greenscreens.ai to change how freight industry participants approach pricing strategy,”
“This acquisition allows us to bring to market a powerful alternative to the bundled solutions that have limited customer choice for too long. Backed by the…”
“Being part of Triumph gives us the resources and reach to expand the impact of what we’ve built,”
“Our mission has always been to provide transparent, customizable and actionable intelligence that helps customers make confident decisions. Now, with…”
Greenscreens.ai is a disrupter in the freight technology market. Its dynamic pricing infrastructure transforms how freight industry participants make real-time pricing decisions by harnessing high-quality data, machine learning and predictive analytics.
“We acquired Greenscreens.ai to change how freight industry participants approach pricing strategy,” said Aaron P. Graft, founder, vice chairman, and chief executive officer of Triumph. “This acquisition allows us to bring to market a powerful alternative to the bundled solutions that have limited customer choice for too long. Backed by the scale, quality and connectivity of data inside the Triumph Network, we’re well positioned to launch best-in-class Intelligence offerings that empower brokers and shippers to transact confidently.”
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Triumph’s Intelligence offerings will serve as a foundation for transparent rate discovery, verified performance measurement and optimized RFP bid strategies. By leveraging the veracity of Triumph’s network data, its solutions will deliver customized insights based exclusively on real transaction data—giving brokers and shippers a more precise alternative to legacy tools. Triumph’s Intelligence offerings will simplify decision-making by providing the most actionable rate intelligence in the market.
In conjunction with the close, Dawn Salvucci-Favier, chief executive officer and chief product officer of Greenscreens.ai, has been named President of Triumph’s Intelligence segment. She will lead the integration of Greenscreens.ai and ISO into a unified offering, including the upcoming launch of Triumph’s new rating and performance platform.
“Being part of Triumph gives us the resources and reach to expand the impact of what we’ve built,” said Salvucci-Favier. “Our mission has always been to provide transparent, customizable and actionable intelligence that helps customers make confident decisions. Now, with Triumph’s backing, we can deliver that value at scale, meet the industry’s demand for credible alternatives, and accelerate innovation across the freight ecosystem.”
Under the terms of the agreement, Triumph acquired Greenscreens.ai for $140 million in cash and 256,984 shares of TFIN common stock. J.P. Morgan served as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal counsel to Triumph in connection with the transaction. DLA Piper acted as legal counsel to Greenscreens.ai in connection with the transaction
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Source: globenewswire
