Kewill, provider of multimodal transportation software, has signed a definitive agreement to acquire the assets of Four Soft, a software company headquartered in Hyderabad, India. Kewill comments that the acquisition will expand its 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."