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Kewill Announces Intention to Acquire Four Soft
Aug 10, 2013 (03:08 AM EDT)
GUILDFORD, England and CHELMSFORD, Massachusetts, August 10, 2013 /PRNewswire/ --
Game changing transaction to strengthen Kewill's leadership position in Supply Chain Execution
Kewill, a leading provider of multimodal transportation software, announces that it has signed a definitive agreement to acquire the assets of Four Soft, a software company headquartered in Hyderabad, India. The acquisition is expected to close within 90 days and will expand Kewill's existing leadership position in the Supply Chain Execution software market.
Four Soft develops and markets a portfolio of logistics solutions for logistics service providers, retailers and manufacturers. Four Soft has more than 400 customers, with in excess of 60,000 users across 120 countries.
"The acquisition of Four Soft is part of our strategic plan to significantly grow the Kewill business over the next 5 years", comments Bob Farrell, Chief Executive Officer and President at Kewill. "At the completion of this acquisition, Kewill will have enhanced products, technology and domain skills, which will significantly improve our market leading position."
Srikanth Palem, Chairman & Managing Director of Solitaire states "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."
Kewill is a leading provider of supply chain execution software solutions with a focus on multi-modal transportation management for enterprises and logistics service providers to manage the movement of goods and information around the globe.
We deliver innovative software for business-critical global supply chain requirements through our three product suites: Logistics, to support freight forwarding, transport, warehousing and customs compliance; Transportation and Shipping, to enable parcel, LTL, TL and desktop shipping and export trade compliance, and; Business to Business Integration, to drive B2B eCommerce, order management and supply chain integration.
Our customers rely on our deep domain knowledge to improve their business processes, exchange information and provide visibility to simplify the management of their supply chains.
Established in 1972, Kewill has over 7,000 customers around the world including Bayer, Black & Decker, DHL, Hankyu Hanshin, Hitachi, Ingersoll Rand, Mothercare, UPS, Scott's & Co and TNT.