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Spire Capital Partners III Closes on Third Investment



Spire Capital is pleased to announce it consummated its third investment for Spire Capital Partners III on Friday March 28th, 2014, with the acquisition of Iron Data Solutions’ Transportation Spend Management Division (“Iron Data TSM” or the “Company”).  Iron Data TSM provides software-enabled transportation spend management solutions allowing global enterprises to optimize their transportation spend. The Company’s network of over 8,000 connections with trading partners and the resulting unique access to timely transportation spend data supports the Company’s advanced analytics for end-to-end transportation spend visibility and management.  Spire partnered with its Executive-In-Residence Dave Dawson, the former CEO of Spire II portfolio company, AssetNation, which was sold in 2012, as well as the existing management team of Iron Data TSM to lead the Company in its next chapter of growth.  Mr. Dawson will be installed as the Company’s Executive Vice Chairman and will draw on his experience managing supply chain-related services and software solutions at Dell and Ariba to add significant value to the Company going forward.

 

For the official press release, please click here:

http://spirecapital.com/media-room/press-releases/spire-capital-partners-iii-closes-on-third-investment