Routing and Scheduling Specialist Paragon Bought by Aptean
5th March 2020
Routing and scheduling specialist Paragon Software Systems has been bought by global software provider Aptean.
This acquisition furthers Aptean’s presence in the European market and adds purpose-built software designed to meet the expanding supply chain needs of its customers around the globe. With solutions that assist its customers with routing, logistics, scheduling, and home delivery, Paragon has seen strong growth in recent years due to the continuing rise in e-commerce and the rapidly expanding need for companies to support more timely and efficient deliveries.
Founded in 1991, Paragon has remained at the forefront of the industry for over 30 years with a track record of continuously investing in and delivering logistics software that helps customers solve real-world distribution challenges. Paragon is well positioned to take advantage of the growing transportation management market which Gartner projects will see accelerated growth over the next few years, reaching $1.94 billion by 2022.
“We see numerous growth opportunities given Paragon’s strengths in route optimizing and home delivery capabilities. This acquisition progresses our company’s strategy of delivering world class solutions designed to assist our customers in effectively running their business from the production floor to delivery to the end user,” says TVN Reddy, CEO of Aptean.
“The opportunity to join Aptean, with its proven ability to drive exceptional growth and leadership in the industries we jointly serve, presents a great opportunity for the future of Paragon,” said William Salter (above), Managing Director of Paragon.