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BEAVERTON, Ore. - DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, a move that will add automation and digital freight-matching technology to its product portfolio, according to a press release statement issued Monday.
The Convoy Platform, which provides freight brokers with tools to automate freight transactions and connect with trucking companies, will complement DAT One, the company’s subscription-based load board that posts nearly 700,000 loads daily. According to InvestingPro analysis, Roper Technologies maintains a "GOOD" Financial Health score, suggesting strong operational execution across its technology portfolio.
"The acquisition of Convoy demonstrates DAT’s ongoing commitment to enhancing network value for our customers," said Jeff Clementz, DAT President and CEO.
Flexport acquired the Convoy Platform and related intellectual property in October 2023 and launched it as a freight-matching service for brokers in April 2024. The platform currently serves thousands of carriers.
"We invested in the Convoy Platform because we saw its potential. In just 18 months, we improved the core technology platform, reengaged the market, and significantly increased its value," said Ryan Petersen, Founder and CEO of Flexport.
The acquisition will bring additional technology capabilities to DAT, including fraud prevention systems that use machine learning and AI to verify carriers and block malicious actors. The platform also offers a mobile experience used by nearly 30,000 carriers, primarily owner-operators and small trucking companies, to find loads, manage paperwork, and receive payments.
DAT plans to integrate the Convoy Platform into its DAT One product, allowing brokers to access both automated and manual freight-matching options.
The Convoy Platform team will continue to be led by Bill Driegert, who will join DAT’s executive leadership team.
DAT Freight & Analytics is a business unit of Roper Technologies (NASDAQ:ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000.
In other recent news, Roper Technologies has reported significant developments following its second-quarter 2025 earnings. The company achieved 13% revenue growth, with a 7% increase in organic growth year-over-year, slightly surpassing analyst expectations. In light of these results, Roper has raised its full-year 2025 revenue growth forecast to 13% from the previous 12%. Additionally, the company has announced an $800 million acquisition of AI engagement platform Subsplash, which is expected to close soon. Analyst firms have responded positively, with RBC Capital raising its price target for Roper to $703 and Truist Securities increasing it to $685, both maintaining favorable ratings. Stifel has also reiterated a Buy rating with a $650 price target, citing solid Q2 results. Meanwhile, Frontline Education has appointed Joel Sackett as its new Chief Product Officer, bringing extensive product leadership experience to the company. These developments highlight ongoing strategic moves and positive financial performance for both companies.
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