DAT Freight & Analytics buys Outgo to speed up payments

BEAVERTON, Ore. - DAT Freight & Analytics, a prominent player in North America’s freight marketplace, has announced the acquisition of Outgo Inc., a financial technology firm specializing in rapid payment processing for the trucking industry. This strategic move aims to enhance the financial workflow for carriers within DAT’s freight platform, promising faster and more transparent payment services.

Outgo, known for its efficient invoicing, factoring, and back-office automation services, has been recognized for its quick payment settlements, often processing invoices within 15 to 90 minutes. The integration of Outgo’s services with DAT One’s platform means carriers will now have access to Outgo’s AI-powered payment services, ensuring they get paid promptly for their services.

Jeff Clementz, CEO and President of DAT, highlighted the importance of cash flow for small carriers and expressed confidence that Outgo’s capabilities would solidify DAT’s position as a trusted marketplace. He emphasized the significance of a seamless payment connection between buyers and sellers within the platform.

The acquisition is set to bring Outgo’s payment innovations to a larger scale, benefiting both carriers and brokers. Marcus Womack, CEO and co-founder of Outgo, will join the DAT executive team, continuing to develop payment solutions from their Seattle office.

Outgo will maintain its commitment to customer support through multiple channels, aiming to simplify the financial aspects of freight operations for its users. The combined expertise of Outgo’s payment systems and DAT’s customer support is expected to deliver an all-in-one platform for carriers to find work and manage their finances effectively.

DAT Freight & Analytics, operating under Roper Technologies (Nasdaq: ROP), oversees DAT One, DAT iQ, and Trucker Tools, providing critical market trends and data insights to various stakeholders in the trucking and logistics industry.

This acquisition is based on a press release statement and marks a significant step for DAT in embedding financial services into its freight platform, reflecting the company’s commitment to innovation and customer service in the logistics sector.

In other recent news, Roper Technologies has reported strong financial results for the first quarter of 2025, with revenue reaching $1.9 billion, marking a 12% year-over-year increase. The company’s earnings per share (EPS) surpassed expectations, landing at $4.78 compared to the forecasted $4.74. Additionally, Roper Technologies completed the strategic acquisition of CentralReach for $1.65 billion, which is expected to contribute significantly to the company’s future revenue growth. Following this acquisition, Roper has increased its full-year revenue guidance from 10% to 12%.

Stifel analysts have adjusted their outlook on Roper Industries, reducing the price target to $650 while maintaining a Buy rating. The analysts highlighted Roper’s strong performance and potential for mergers and acquisitions, supported by over $5 billion in liquidity. The company’s management has also revised its full-year 2025 revenue growth outlook upwards to 12% and increased its diluted earnings per share guidance by $0.20, despite a $0.15 per share dilution from the CentralReach deal.

Roper Technologies continues to focus on recurring software revenues and maintains high retention rates, contributing to its robust financial results. The company is also exploring further merger and acquisition opportunities to enhance its portfolio. Analysts from Stifel believe that Roper Industries presents a stable investment opportunity amidst current market volatility due to its consistent track record and resilient business model.

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