Chelmsford, Mass. and Manchester, UK—Oct. 8, 2013—Kewill, a provider of multimodal transportation and logistics management software for seamless supply chain execution, completed the acquisition of the assets and subsidiaries of Four Soft Ltd., which has headquarters in Hyderabad, India. The assets of Four Soft, including more than 500 employees, transfer to Kewill, creating a business with in excess of $110 million 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 provides 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 grants 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 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 can benefit from Four Soft’s J2EE framework that enables more efficient code creation with 40 to 60 percent being generated automatically. The combination of these can 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.
“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,” said Bob Farrell, president and CEO at Kewill.