Subscribe to our free, weekly email newsletter!


Kewill inks definitive agreement to acquire Four Soft

By Jeff Berman, Group News Editor
August 14, 2013

Multimodal transportation software provider Kewill said this week that it has inked a definitive agreement to acquire the assets of Four Soft, a developer and marketer of logistics solutions for logistics services providers, manufacturers, and retailers.

Based in Hyderabad, India, Four Soft has more than 400 customers and 60,000 users in 120 countries.

This deal is expected to close within 90 days, according to Kewill and Four Soft officials.

“The acquisition is part of our strategic plan to significantly grow the Kewill business over the next five years,” said Evan Puzey, Chief Marketing Officer, Kewill, in an interview. “By bringing together two of the industry’s leading organizations, Kewill will have a greater global presence with increased domain expertise allowing us to support a larger and ever increasing customer base, with a broader set of products. At the completion of this acquisition, Kewill will have enhanced products, technology and domain skills, which will significantly improve our market leading position.”

When asked what the biggest benefits of this deal are for shippers, Puzey explained that it will extend Kewill’s product portfolio and further enhance its technology stack, allowing Kewill to continue to provide best-of-breed applications more efficiently and effectively to the logistics service providers involved in the supply chain.

He added that the acquisition reinforces its Multimodal Transportation leadership position in the Supply Chain Execution software market, as well as enhances Kewill’s product portfolio for Logistic Service Providers, Retailers and Manufacturers.

“The Board of Four Soft believes that the offer from Kewill is good for both the employees and customers of Four Soft and that with this acquisition, Kewill will be able to better serve the customers of both companies and further fulfill the needs of the supply chain execution software market,” said Palem Srikanth Reddy, Chairman & Managing Director of Four Soft, in a statement.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Getting items ordered online to your home on a same-day basis is as important or relevant as it needs to be, and it depends on things like the type of products being ordered and its relative urgency as well. This was put into better perspective for me during a recent conversation I had with Dr. Victor Allis, CEO of Quintiq, a supply chain vendor specializing in a single optimization and planning platform.

Diesel prices dropped for the third straight week, with the average price per gallon seeing a 2.5 percent decline to $3.869 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Seasonally-adjusted (SA) for-hire truck tonnage in June dropped 0.8 percent on the heels of a revised 0.9 percent (from 1.0 percent) increase in May and was up 2.3 percent annually.

Even as Congress was putting the finishing touches on a 10-month short-term funding extension to the federal aid highway bill that temporarily averts a funding crisis, Transportation Secretary Anthony Foxx was ripping the measure as a short-term “gimmick” that once again fails to adequately fund U.S. infrastructure needs in the long run.

ISI is comprised of Integrated Services, ISI Logistics and ISI Logistics South and is focused on the warehousing and transportation needs of automotive shippers. RRTS said that in 2013, Integrated Services generated revenues of approximately $21 million adding that Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.

Article Topics

News · Logistics · Kewill · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA