Kewill inks definitive agreement to acquire Four Soft
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.
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