Pegasus TransTech, a leading provider of electronic revenue cycle, document management and invoicing systems to the transportation industry, has acquired TripPak Services and ACS Advertising from Xerox.
TripPak is a major provider of document capture, submission and workflow management, as well as safety and compliance systems. ACS Advertising is among the largest driver recruitment advertising agencies in the transportation market. Pegasus TransTech says the combined company will be the market leader in electronic revenue management systems for the trucking industry.
“We are excited about the opportunity to join forces with TripPak and ACS Advertising and offer solutions that range from mobile document management to truck stop scanning and drop boxes,” said Frank Adelman, president and chief executive officer of Pegasus TransTech. “We will now be able to pool our resources and accelerate the pace of new product development. Together, we will enable truck fleets and drivers to capture revenue more quickly, gain greater visibility into revenue management processes and comply with regulatory requirements more efficiently.”
The combined company now serves over 3,000 truck fleets and third party logistics customers with both transactional and software systems for revenue cycle management. Pegasus TransTech partners with the majority of major US and Canadian truck stop operators to provide document capture and transmission solutions and TripPak adds 500 additional truck stop locations as well as a network of 1,200 drop boxes for document submission. Additionally, Transflo Mobile, the most widely used mobile scanning app in the industry, combined with TripPak Mobile will serve nearly 200,000 drivers.