Kewill, a provider of multimodal transportation software, has signed a definitive agreement to acquire the assets of Four Soft, a software company headquartered in Hyderabad, India. The acquisition is expected to close within 90 days and addresses Kewill’s interest in expanding its footprint 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 more than 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 five years,” explains Bob Farrell, Kewill's CEO and president.
Palem Srikanth Reddy, chairman & managing director of Four Soft, adds that Four Soft's board "believes that the offer from Kewill is good for both the employees and customers of Four Soft."
Financial terms of the acquisition were not disclosed, nor were details of any office consolidations. Boston Business Journal estimates the deal could be worth $43 million.