TEMPLE, Texas -- PDI, a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, has acquired TelaPoint from WEX Inc.
TelaPoint’s software enables convenience retailers and petroleum outlets to improve the efficiency of their fuel replenishment, buying and administrative operations. TelaPoint manages inventory, dispatch and fuel pricing for 77 customers around the globe, 150 carrier companies and 67,000 sites.
“We are delighted to add TelaPoint’s leading software solutions, incredible customers, employees and seasoned technology expertise to our existing portfolio,” said PDI CEO Jimmy Frangis. “This acquisition enables us to better serve carriers and wholesalers, extend our reach further down the fuel-supply chain, and better deliver powerful software solutions and unmatched services to customers of both PDI and TelaPoint.”
Louisville, Ky.-based TelaPoint was founded in 1999. It has been a “successful part of the WEX family for several years, but its business is outside of our core fuel card business and so the acquisition by PDI makes sense for our business, our customers and for PDI,” said Brian Fournier, vice president of merchant and partner development for WEX. “Given our focus on payment solutions and PDI’s core business in retail and wholesale fuel distribution technologies, the transaction is a natural fit for both companies.”
TelaPoint will broaden PDI’s existing software portfolio, providing a world-class technology platform that will augment its comprehensive ERP, fuel and logistics software and services offering with inventory monitoring, fuel-order dispatching, transaction reconciliation and environmental compliance, PDI said.
“TelaPoint has a ‘who’s who’ customer base, and we look forward to serving these customers and fulfilling their business needs for many years to come,” Frangis said. “It is key for PDI to stay at the forefront of our industry and invest in and anticipate the future for our customers. It requires finding ways to grow and complement our portfolio to meet the changing needs of customers around the world.”
PDI recently completed the acquisitions of Intellifuel Systems Inc., Pinnacle ERP assets, DataMax, LomoSoft and Firestream Worldwide, expanding its portfolio offerings and global footprint. The company also recently announced a strategic investment by Genstar Capital to help fuel PDI’s growth and accelerate its global expansion in the convenience retail, petroleum wholesale and logistics industries.
The Temple, Texas-based company helps convenience-store retailers and petroleum wholesale marketers worldwide thrive in a digital economy with enterprise management software. PDI’s enterprise software, wholesale and logistics management software solutions and retail back office systems have been designed around the evolving needs of customers for more than 30 years.