|By PR Newswire||
|October 7, 2013 10:31 PM EDT||
HYDERABAD, India, MANCHESTER, England and CHELMSFORD, Massachusetts, October 8, 2013 /PRNewswire/ --
Strategic acquisition cements Kewill's leadership position in the multimodal transportation software market and strengthens position for accelerated growth throughout the Supply Chain Execution Marketplace
Kewill, a leading provider of multimodal transportation and logistics management software for seamless supply chain execution, today announced completion of the acquisition of the assets and subsidiaries of Hyderabad, India headquartered Four Soft Ltd. The assets of Four Soft, including over 500 employees have transferred to Kewill, creating a business with in excess of US$110m in revenues and 7,500 customers, across more than 100 countries. Kewill now names all of the Top 10 Global Logistics Providers amongst its customers.
Four Soft brings leading edge software to extend and enhance the Kewill MOVE™ platform - a comprehensive end-to-end solution for managing the complexities of transportation, logistics and trade compliance. The Kewill MOVE platform helps companies reduce costs, manage volatility and gain greater visibility across the logistics value chain. The acquisition will provide an opportunity for many Kewill and Four Soft customers to expand their supply chain visibility and control, through a broader multimodal transportation and supply chain execution platform.
As part of the transaction, Kewill has gained a leading software innovation center in India, which has a team of around 300 employees with deep multimodal transportation domain expertise. In addition, Kewill will benefit from Four Soft's J2EE framework that enables more efficient code creation with 40-60 percent being generated automatically. The combination of these will boost Kewill's development and quality assurance capabilities to improve productivity, lower costs and increase quality.
Kewill also gains an expanded geographical presence with the strengthening of the sales, service and support teams in many countries and the addition of offices in Denmark, India and Australia.
"The acquisition of Four Soft is a strategic move by Kewill that we believe will deliver immense value to our customers, partners, employees, and shareholders," states Bob Farrell, President and CEO at Kewill. "With this acquisition we have put in place the foundation to support organic growth over the coming years, as well as the resourcing and skills necessary to quickly deliver new applications and functionality to the market as the needs of our customers evolve."
"We are delighted that Bob Farrell and the Kewill team have brought together two of the major players in the multimodal transportation software market," said Deep Shah, Partner at Francisco Partners. "The combination of these two organizations strengthens Kewill's leadership position, accelerates its market growth and ensures the company's ability to serve its customers and the market."
"The combination of Kewill and Four Soft creates a global organization that is a clear leader and geared up to deliver solutions in the multimodal transportation market," affirms Palem Srikanth Reddy, Chairman & Managing Director of Four Soft. "This transaction provides a secure future for existing Four Soft customers and employees alike."
- Kewill strengthens leadership position in multimodal transportation and Supply Chain Execution software with acquisition of Four Soft
- Kewill creates a global business with in excess of US$110m in revenues and 1,100 employees
- Kewill names all of the Top 10 Global Logistics Providers amongst its customers
- Kewill now boasts in excess of 7,500 customers, across more than 100 countries
- Acquisition brings leading edge software solutions to extend and enhance the Kewill MOVE Platform
- Kewill has enhanced foundation to accelerate organic growth over the coming years
1. Top 40 Global Logistics Providers list, The Journal of Commerce, April 2012.
Kewill, a Francisco Partners portfolio company, is a global leader in multimodal transportation management software, providing organizations with a comprehensive end-to-end platform for managing the complexities of transportation, logistics and trade compliance. The Kewill MOVE platform helps companies reduce costs, manage volatility and gain greater visibility across the logistics value chain. Trade, transport, store, comply, manage and integrate - the Kewill transportation management platform gives you the insight, agility and tools you need to deliver better customer service and streamline global supply chain execution for strategic advantage.
The Kewill platform supports supply chain execution activities for in excess of 7,500 companies in more than 100 countries. To learn more about the company, visit http://www.kewill.com, follow us on Twitter @Kewill_Inc or check our LinkedIn page for company updates.