The logistics software provider Kewill said Tuesday it has completed the acquisition of assets and subsidiaries of Hyderabad, India-based Four Soft Ltd.
The assets of Four Soft, including more than 500 employees, have transferred to Kewill, creating a business with more than $110 million in revenues and 7,500 customers across more than 100 countries. The deal was first announced Aug. 13
“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,” Kewill said in a statement.
“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 to 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,” the company said.
The acquisition also gives Kewill an expanded geographic presence in sales, service, and support, as well as 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,” said Kewill President and Chief Executive Officer Bob Farrell. “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.”