[Press Release] Four Soft acquires Transaxiom, consolidates leadership in Logistics solution market

Four Soft Limited a global leader in software solutions for transportation
and logistics vertical, has entered into an Agreement to acquire 100%
Denmark based Transaxiom Holding A/S. Please find appended the release on
the same.
 
Best regards,
Rinki Saha
9820135827
 
 

 

 


For Immediate Release


 

Four Soft Limited consolidates leadership in Logistics solution market,
acquires Transaxiom

 

*	Valuation of approximately US$ 10 million 

*	Annualized revenue of current operations of Transaxiom is around US$
8 million 

*	Consolidates Four Soft's position in the transportation & logistics
industry 

*	Strengthening of Scandinavian operations and expansion into
Australia

Mumbai , India, , December 20, 2006:  Four Soft Limited (4S) (NSE:
"FOURSOFT" BSE: 532521), a global leader in software solutions for
transportation and logistics vertical, has entered into an Agreement to
acquire 100% of the Denmark based Transaxiom Holding A/S, a global provider
of transportation and logistics solutions. 

 

The transaction value would be approximately US$ 10 m in a cash-and-stock
deal with the payouts happening over the next 3 years based on performance.
The definitive agreement has been signed between the two companies, and
integration will start from 1st of January 2007. A joint team has been
identified to work on various aspects of the integration process. Senior
executives of both companies have reiterated their commitment and focus on
executing this exercise seamlessly.

 

With this merger, Four Soft has consolidated its leadership position within
Transportation and Logistics industry.  The acquisition adds a number of
strategic players in transportation and logistics to current customer base
of 4S. In addition, the merger will augment 4S's current domain and
technology competence and expand global presence in Scandinavia, Australia
and Hong Kong markets.

 

Kal Gangavarapu, COO, Four Soft Ltd said, "Acquisition of Transaxiom is an
integral part of our value strategy of market consolidation and will provide
4S with strategic selling opportunities. Now our customers will derive
greater returns from enhanced global footprint, from Australia to Americas,
and business service integrated solutions."

Joergen W Nielsen, Chairman, Transaxiom said, "The combined entity will have
enhanced capability to deliver integrated products and specialized services
globally. In addition, the acquisition is exceptional for the Logistics
solution market as the consolidation will create a unique value proposition
to the market and reduce the complexity and fragmentation of solutions used
by the customers."

 


About Four Soft


Four Soft is an enterprise solutions company providing innovative software
products, exclusively for the freight, transportation, logistics and
supply-chain management market place and also offers IT consultancy
services. It is among the leaders in the transportation and logistics
segment with a large international client base including the majority of the
top transportation & logistics companies in the world. The Company adopts a
global development and delivery model leveraging the engineering talent of
India and the account management and delivery skills of its regional
offices. The Company has large customers including DHL, Eagle Global
Logistics (EGL), Kuehne+Nagel, Matsushita, Panasonic Logistics, Schenker and
UTi. Additional information about Four Soft is available at
http://www.four-soft.com <http://www.four-soft.com/> 

 

About Transaxiom:

Transaxiom provides IT solutions for International transportation and
logistics services companies with its head quarters in Denmark and regional
offices in Australia, UK, USA and Hong Kong. It has performed more than 325
installations spread across 79 countries. Its major customers include global
giants like TNT Freight, DHL, EGL, Maersk Logistics, BAX Global, Blue Water
Shipping and Andreas Andersen . Additional information on Transaxiom can be
obtained from http://www.transaxiom.com

 

For further information contact:

Rinki Saha/ Naini Roychoudhury 

+ 91 9820135827/ + 91 9819900135

Email: rinki.saha@adfactorspr.com   /
naini.roychoudhury@adfactorspr.com  

Ad factors PR

 

Rahul Sinha - +919440897961

Rahul.sinha@four-soft.com

Four Soft Limited