Accellos Acquires Headwater Technology Solutions Inc., a Leading Supplier of Technology Solutions to the Logistics Industry

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Headwater Technology Solutions Inc. has built an outstanding record as an innovator of 3PL,4PL TMS and Mobile Fleet management solutions. The company has now been acquired by Accellos, Inc. which brings new financial and management resources to bear on the Headwater products and on all phases of the logistics industry.

Accellos, Inc., a leading provider of logistics, transportation, warehouse and mobile fleet management solutions, is pleased to announce that it has acquired Headwater Technology Solutions, Inc. based in Toronto, Ontario, it was announced today by Mike Cornell, Chairman and CEO of Accellos.

Headwater is a leading provider of technology solutions for the logistics industry. The acquisition will expand Accellos’ logistics capabilities and provide an opportunity to establish the combined company as a leader in the logistics, 3PL and WMS software market. Financial details of the acquisition were not disclosed.

“Headwater has an outstanding history of supplying quality software solutions to logistics providers,” Cornell said “Their innovation, dedication to excellence, high-quality employees and loyal customer base will help us expand our leadership in the growing logistics software market. We will combine Headwater’s established solutions with Accellos’ capabilities, financial strength and expanding infrastructure. Headwater has three product lines which will all be part of the foundation of our new offerings and we plan to expand these product lines both functionally and geographically.”

“The acquisition of Headwater by Accellos is a major opportunity for our customers,” said Markus Luft, CEO of Headwater. “They stand to benefit from increased investments in product development and expanded resources, while our employees will benefit from the growth that will result from becoming part of Accellos.” Luft will remain an integral part of Accellos as a member of the board of directors. Headwater Vice Presidents Joe Couto and Mel Mills will continue as shareholders and Couto will assume responsibility for product marketing.

About Accellos

Accellos is a global provider of logistics, 3PL transportation, warehouse and mobile fleet management solutions. Accellos’ powerful supply-chain execution solutions are easy to customize and implement, providing our customers with more innovation for less investment and producing significant savings and greater profitability. Through a culture of innovation, Accellos strikes the perfect balance among customer satisfaction, employee fulfillment and shareholder value. The outcome of our focus is a quick return on investment for our customers and accelerated logistics and warehousing services for the clients they serve.

About Headwater

Headwater Technology Solutions Inc. is a global Supply Chain Execution (SCE) company focused on the 3PL WMS, TMS and LLP markets, supporting the flow of goods and information from the point of origin to consumption. Headwater’s SmartEnterprise 3PL/LLP/corporate logistics, Freight Logix TMS transportation and RealDispatch field in-fleet management solutions enable seamless supply chain planning and execution that leads to smarter and more profitable management of goods as they move through the supply chain. Headwater maintains corporate headquarters in the Toronto suburb of Markham with regional offices in Oakville and Atlanta, marketing its services and solutions internationally.

For more information, contact:

    Matthew Turner

    Accellos VP of Marketing and Business Development

    matt @ centennial.com

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