Logicor Acquires pfastship Worldwide Logistics

Logicor extends range of services, features for customers

Logicor extends range of services, features for customers

Mesa, AZ — September 8, 2005 — Logicor, a provider of transportation management, shipping execution systems, extended enterprise solutions and services, today announced the completion of its acquisition of pfastship Worldwide Logistics, a provider of multi-carrier shipping execution systems integrated logistics. Financial terms of the transaction were not disclosed.

Logicor said addition of pfastship's products to the offering, such as pfastship 400i and GlobalShip, extends the range of services and features it currently provides its customers. Integration of these products with the Logicor enterprise application integration (EAI) middleware, LogiCOM, provides the shipping system with a connection to the supply chain.

"I am very pleased to announce that Logicor has completed its acquisition of pfastship Worldwide Logistics," said Gary Deutsch, Logicor president and CEO. "I feel strongly that this underscores our commitment to provide our customers with the most feature rich and contemporary choices in the enterprise supply chain software market today."

In turn, pfastship said it expects its product line will benefit from Logicor's customer service reputation, professional services, and ongoing investment in shipping and supply chain software.

Logicor will initially focus on bringing pfastship products to market through multiple channels, direct sales, resellers, integrators and original equipment manufacturers (OEMs).