DataFreight's Ian and Sharon Brown, and WiseTech Global's Vlad Bilanovsky
Sydney, Oct 16, 2018 AEST (ABN Newswire) - WiseTech Global (
ASX:WTC) (WTCHF:OTCMKTS) today announced the acquisition of LSI Sigma Software ('DataFreight'), a leading provider of customs, freight forwarding and warehouse management software solutions in the United Kingdom.
Headquartered in Southampton, DataFreight provides integrated logistics solutions, including HMRC customs software, specialist consultancy for UK customs compliance and freight forwarding solutions for all modes of transport, along with warehousing capabilities for managing bonded and un-bonded warehouses in the UK. Their scalable solutions are used by large and small organisations including customers such as TNT International, Allport Cargo Services, Charles Kendall Freight, COSCO Shipping, DACHSER, Maersk Lines, and many other logistics providers and organisations.
WiseTech Global Founder and CEO, Richard White, said "Regardless of whether the outcome is a hard or soft border for Brexit, WiseTech is uniquely placed to facilitate trade and deliver cross-border compliance for logistics providers in the UK and Europe. With DataFreight, we will continue to expand our lead in cross-border capability geographically, further strengthening our local market capacity to move swiftly ahead of UK and EU regulatory evolution. Along with DataFreight's long-term UK cross-border compliance and logistics expertise, and existing involvement on HMRC move from CHIEF to the new CDS platform, we see their UK customs capability as valuable while the outcomes of Brexit are determined. In any event, with our powerful global development capacity, we are well positioned to address the changes to come."
"The DataFreight team will fit well within the WiseTech group and, over time, enhance the benefits for UK logistics providers of our comprehensive EU coverage with our leading customs-compliance solutions in Belgium, France, Germany, Ireland, Italy, Netherlands, the United Kingdom, Turkey and Spain and our extensive capabilities with the UK's other major trading partner countries, China and the US."
DataFreight's Co-Founder and Managing Director, Ian Brown, said "Becoming part of a leading global group like WiseTech will help us fast-track our product innovation and build out solutions that will make cross-border compliance, forwarding and warehousing management in UK, and internationally, safer, quicker and more efficient for our customers. Together, we are committed to our customers and their business requirements, as we work with WiseTech Global to enhance and scale up our product capabilities."
Remaining under the leadership of Ian Brown, DataFreight's operations will be integrated within the WiseTech Global group and DataFreight will continue to deliver its customs management solutions directly to its own customers, along with WiseTech's integrated global logistics platform, CargoWise One.
CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, ecommerce, and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
This transaction follows WiseTech's other recent logistics solutions acquisitions in Argentina, Australasia, Belgium, Brazil, France, Germany, Ireland, Italy, Netherlands, North America, Spain, Taiwan, Turkey and Uruguay, and is in line with WiseTech Global's clearly stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions.
About DataFreight (LSI Sigma Software Ltd)
Since 1988, DataFreight has been a leader in providing an integrated suite of software applications for the forwarding, customs and warehousing sectors in the UK.
Headquartered in Southampton, DataFreight has a team of 12 experienced customs, logistics and technical professionals and provides a highly scalable set of solutions used by large and small organisations. It is currently deployed in the United Kingdom as well as locations in the United States, Canada, China, Czech Republic, Ghana, India, South Africa, Nigeria, Republic of Ireland, Netherlands, Bahrain, Dubai, Oman, Hong Kong and Thailand. Customers include TNT International, Allport Cargo Services, Charles Kendall Freight, COSCO Shipping, DACHSER, Maersk Lines, and many other logistics providers and organisations.
For more information about DataFreight solutions, visit http://www.datafreight.co.uk
About WiseTech Global Ltd
WiseTech Global Ltd (ASX:WTC) is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 17,000 of the world's logistics companies across 160 countries, including 41 of the top 50 global thirdparty logistics providers and all of the 25 largest global freight forwarders worldwide2. Our flagship platform, CargoWise, forms an integral link in the global supply chain and executes over 50 billion data transactions annually.
At WiseTech, we are relentless about innovation, adding over 4,000 product enhancements to our global platform in the past five years while bringing meaningful continual improvement to the world's supply chains. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach.
For more information about WiseTech Global or CargoWise, please visit wisetechglobal.com and cargowise.com
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