UPS agreed to sell its UPS Logistics Technologies unit to private equity firm Thoma Bravo.
    Financial details were not disclosed, but UPS said its decision to sell was based on the company’s desire to focus on the development of technology directly tied to its own global package and freight networks and contract logistics services.
    UPS Logistics Technologies creates transportation routing and fleet management systems applicable to any company. Its transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning. Customers use the technology and tools for effective fuel management and driver productivity.
    Len Kennedy, vice president and COO of the unit, will become the chief executive officer after the acquisition, which is expected to close by Dec. 31.
After the acquisition, the company will change its name to Roadnet Technologies. The company was founded in 1983 as Roadnet Systems and acquired by UPS in May 1986.
    "As an independent company supported by Thoma Bravo, Roadnet will be well positioned to enhance its suite of software applications for distribution and services companies," said Holden Spaht, principal at Thoma Bravo.
    "With this investment, we have an unprecedented opportunity to drive our growth with market expansion and new product lines," said Kennedy. "There are millions of vehicles in commercial fleets where technology has yet to be applied for route management, telematics and fleet maintenance solutions."

Source: JOC