Nistevo

About Nistevo

Founded in 1997 by Kevin Lynch, Nistevo operated as a provider of a web-based, collaborative logistics network. The company was established in Eden Prairie, Minnesota, and initially known as TransView Corporation. Nistevo secured a total of $8 million in funding over three rounds from institutional investors, including Bessemer Venture Partners and Insight Partners. A significant milestone in the company's history was its acquisition by Sterling Commerce, a subsidiary of AT&T, in May 2006, a move that integrated Nistevo's on-demand transportation management solutions into Sterling's broader supply chain application portfolio.

Nistevo's core offering was a Software-as-a-Service (SaaS) platform designed for the logistics and transport management sector. This platform enabled a network of shippers, manufacturers, retailers, suppliers, and carriers to collaboratively manage their transportation operations, including planning, execution, settlement, and reporting of shipments. The business model was subscription-based, offering customers access to the technology as an application service provider (ASP), which allowed for rapid deployment and lower initial costs compared to traditional software implementations. The company's clients included manufacturers, retailers, distributors, and logistics service providers who sought to improve supply chain visibility, enhance capacity utilization, and reduce overall transportation expenditures. By 2006, the network had grown to include over 60 shippers and more than 6,400 carriers, processing approximately 65 million transactions annually.

The Nistevo Collaborative Logistics Network provided a comprehensive suite of tools for transportation management. Its features encompassed contract management, carrier selection, load tendering, shipment tracking, and exception-driven alerts. The system was built to be versatile, supporting data transmission through various formats like EDI and XML to integrate seamlessly with members' disparate systems. This integration provided users with reliable, real-time access to their entire logistics operation. A key benefit for customers was a reported 5-25% reduction in their total transportation spending through greater efficiency and collaboration. Following its acquisition, Nistevo's technology became a core component of Sterling Commerce's, and subsequently IBM's, portfolio of B2B integration and supply chain management solutions.