Lipsey is a logistics startup that was recently acquired by an international logistics company.
The company’s website claims that it is “a technology company that uses blockchain technology” to “improve logistics, transport and logistics startups and their teams.”
The company was founded by Lipsey co-founder, Matt Fogg, who previously served as Vice President of Technology for Global Logistics.
“We are very excited to be joining a global leader in logistics, and to build a global brand that will enable Lipsey to be the world’s largest logistics platform for shipping,” Fogg said in a statement.
The acquisition of Lipsey, which is headquartered in Singapore, will give Lipsey access to the largest logistics network in the world.
The logistics company’s initial focus is on shipping the world via air, sea and sea container, but the company is looking into other logistics options as well.
“Lipsey is building a massive logistics network, and it’s a massive network, so it’s something we’re looking at right now,” Fagg told Business Insider.
“There are a lot of things that could be done with it.
It’s not like you’re going to be doing logistics for everything.”
The acquisition was announced in March 2017.
The firm’s website says the company “is a global logistics startup with a vision to revolutionize logistics by transforming the way logistics work, by combining blockchain technology, logistics infrastructure and software development with blockchain technology.”
Lipsey’s team includes former Google engineers who also worked on Google Glass.
It plans to “focus on logistics services and support solutions for the logistics industry,” according to the company’s statement.
“This acquisition represents a critical strategic asset for the company, and a huge milestone for Lipsey as it expands into other areas, including the shipping and logistics space.”