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."
News facts:
· 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