Tuesday, March 28, 2023
Overhaul Acquires SensiGuard to Become Largest In-Transit Supply Chain Cargo Security Provider
  SocialTwist Tell-a-Friend  

Combined entity offers the industry's most comprehensive supply chain logistics visibility and security solution, managing risk throughout the global cargo journey

AUSTIN, Texas, Feb. 7, 2023 /PRNewswire/ -- Overhaul, a software-based, supply-chain visibility, risk, compliance, and insurance solution for the world's leading brands, has completed the acquisition of SensiGuard ® security services from Sensitech ®. With this addition, Overhaul takes a commanding share of the supply chain security market and cements its position as the leader in protecting and optimizing global supply chains.

"This is a transformative acquisition for Overhaul," said Barry Conlon, Founder and CEO of Overhaul. "It expands our global footprint, adds hundreds of years of combined supply chain experience to our team, and brings an impressive roster of international clients under our umbrella. With this acquisition, we're not only the largest supply chain security provider, but the most comprehensive providing needed resilience with immediate corrective action. Our platform spans visibility, risk, compliance, and insurance and is well positioned to help our customers safeguard their cargo and discover efficiencies and opportunities on a global scale."

The acquisition extends Overhaul's global footprint, adding established offices in Brazil, Mexico, and Czech Republic. The company now has the same level of infrastructure across North America, Latin America, and Europe, increasing its ability to manage truly global supply chains. The deal also expands Overhaul's book of business, adding some of the biggest names in tech, pharma, and other logistics service providers.

Cargo theft continues to be an ongoing issue plaguing global shippers; as thieves adjust their tactics and focus on high value goods, the need for additional security to protect in-transit cargo is paramount. With the addition of SensiGuard, Overhaul will offer a powerful visibility engine and 24/7 risk monitoring capabilities, providing shippers with a comprehensive, real-time solution for mitigating the risks associated with theft, damage, chain of custody, and other cargo security threats no matter where the load may be throughout the globe.

"This acquisition is a win for our customers and our employees," said Mark Serafine, Managing Director, SensiGuard. "Our customers and high value shippers will now have access to a more comprehensive set of services across cargo security. We're seeing increased demand amidst serious integrity concerns, and we now have the largest team of world-class supply chain security experts addressing these challenges. Together with Overhaul, we'll advance and deliver the valuable technology to reduce loss ratios and streamline supply chains."

The deal also more than doubles Overhaul's headcount, adding over 350 employees who support SensiGuard services, bringing an incredible depth of experience and talent in helping companies take control of managing their supply chain risk. SensiGuard's success is built on a foundation established by the same leadership who will join Overhaul and continue to elevate the company's technology and service.

"SensiGuard's proven track record as a leading electronic freight security service for more than two decades speaks for itself," said David Broe, Chief Operating Officer of Overhaul. "Cargo theft is a multi-billion dollar industry and that is just one of the many growing risks to cargo security and integrity that global shippers and logistics providers are grappling with on a daily basis. It is imperative that service providers not only keep pace, but stay ahead with best practices and prevention protocols to meet the challenges of maritime and road transport. With our combined expertise, we can better serve a global market faced with unprecedented risk."

About Overhaul
Founded in 2016 and headquartered in Austin, Texas, Overhaul is the only device-agnostic supply chain visibility and risk management software company. As the global leader in in-transit supply chain risk management, Overhaul transforms real-time visibility into risk management, compliance, and insurance solutions for its partners. Its software-based approach offers high configurability and efficient time-to-value to supply-chain organizations without heavy tech. Overhaul is a trusted provider for Fortune 100 companies moving freight globally across industries, such as pharmaceutical and healthcare, technology, logistics, and food and beverage. Customers include Microsoft, Bristol Myers Squibb and many others. For more information, visit over-haul.com, and follow them on LinkedIn, Twitter, and Facebook.

Logo - https://mma.prnewswire.com/media/884683/Overhaul_Logo_v1.jpg  

Cision View original content:https://www.prnewswire.co.uk/news-releases/overhaul-acquires-sensiguard-to-become-largest-in-transit-supply-chain-cargo-security-provider-301739980.html

More News by PR Newswire India

Otr Elkalam: In the world's largest religious competition - A Saudi Opera Singer Eliminates a Voice Coach

The Organizing Committee of Memorial Ceremony to Ancestor Huang Di in his Native Place Held its Press Conference in Beijing

Aramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical


Syndigo Announces Additional Generative AI Capabilities to its Client Platform

2026 All-Time High in Store for Global 300mm Semiconductor Fab Capacity After 2023 Slowdown, SEMI Reports

Tata Communications brings JAMVEEâ„¢ - an integrated, simplified cloud-based calling solution for global enterprises

38th Annual World Petrochemical Conference: Wanhua Chemical Shares Inspiring and Insightful Practice on Sustainability in Petrochemical Industry


Shipping industry can save $50 bn through four enablers of operational efficiency

LyondellBasell and EEW sign LOI for potential advanced waste sorting

Armis Achieves U.S. Department of Defense Impact Level 4 Authorization

The Second International Forum on "Democracy: The Shared Human Values" kicked off in Beijing

Bitget Becomes the First Centralized Exchange to Offer Financial Transparency Through Space and Time

Forever New Launches Exquisite SS23 Collection Featuring Pooja Hegde

Transparent & good governance, inclusive Growth and opportunities for all mark the emergence of New India under the leadership of PM Narendra Modi says Union MoS Rajeev Chandrasekhar

Inkspell set to organize the Video Media (vIdea) Awards & Summit 2023 on 27th April

Indian Low-voltage Switchgear Market Witnesses Surge Due to Pent-up Demand and an Increase in the Average Price

Aramco JV HAPCO to commence construction of major refinery and petrochemical complex in China

GCL System Integration Brings N-Type Innovation TOPCon and Latest BIPV Products to PV EXPO 2023

Aditi Mittal, Director at IndiaBonds and A. K. Group wins Times 40 Under 40 Award

Beamery Announces TalentGPT, the World's First Generative AI for HR

Appian appoints Douglas Coleman as Head of Mexico

Measure the Impact of Mantras on the Brain with the Sadhana app

International Aluminium Institute launches Aluminium Forward 2030 Coalition

Bharat KYC secures 'Fastest eKYC' and QuantPower bags 'Best Algo Trading Platform' Award from NITI Ayog Advisor & Bollywood Diva Bhagyashree

Transcoding and Content Security Workflow Simplified: INKA Entworks's PallyCon and Dolby Hybrik Join Hands for an Integrated Solution

ESG practices towards transformative change for a more sustainable world

Making Open Source Truly Open

The 3rd Conference of Great Business Partners to be held in Shandong

New Cryptocurrency BASALTCOIN set to Launch with a Mission to Revolutionize the Greentech Industry

CGTN: How China keeps its promise to build a community of common health for mankind

CGTN: Analysis: China's economic resilience boosts global recovery prospects

YourStory's TechSparks makes thundering debut in Mumbai: A two-day gala featuring India's top entrepreneurs, investors, innovators, and more

Holding your grandchild for the first ti...
Opposition parties to continue 'black' p...
Why 10-year-old Avika Rao thought 'Ajoba...
Neither Sikhs in India nor Indian diaspo...
Centre reviews public health preparednes...
BSF finds 6 kg of drugs dropped by drone...
 Top Stories
Odisha CM Naveen Patnaik asks Centr... 
US: Biden calls Nashville shooting ... 
Israel PM Netanyahu delays judicial... 
Indore: Police register complaint a... 
Israeli missions on worldwide strik... 
Delhi: Building collapses in Badarp... 
Earthquake of magnitude 6.0 hits So... 
Controversial Israeli judicial refo...