We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » WiseTech acquires Swedish messaging solutions provider
newsworthy

WiseTech acquires Swedish messaging solutions provider

May 1, 2019
DC Velocity Staff
No Comments

Australian logistics software provider WiseTech Global has struck again, acquiring another logistics tech firm to extend the range of its CargoWise One logistics planning platform. Sydney-based WiseTech said Monday it had acquired Xware AB, a Swedish messaging solutions provider.

Terms of the deal were not disclosed. But WiseTech said that Stockholm-based Xware will remain under the leadership of its CEO and CTO, Jonas Ericsson, and its founder and sales manager, Anders Lyckosköld.

WiseTech Global acquires Xware. $WTC Founder and CEO, Richard White, said "We welcome the Xware team who are well-regarded for their innovative and secure message switching technology, into the family." #CargoWise #innovation https://t.co/yGJKh214h7 pic.twitter.com/9W4PPouRGX

— WiseTech Global (@WiseTechGlobal) April 30, 2019

Xware says its secure, interoperable messaging solution, xTrade, is designed to link organizations to their suppliers and partners, allowing them to safely share information among applications, businesses, managed file transfers, business process management and the internet of things (IOT).

"We are acquiring Xware to enhance our messaging gateway and ensure we have greater control over the future development, quality and scalability of this key messaging technology," WiseTech Global Founder and CEO Richard White said in a release. "This is part of our digital straight-through processing strategy to accelerate adoption, reduce risks and costs and encourage wider digitisation within the logistics industry."

WiseTech says the acquisition will expand customers' ability to interconnect their myriad information systems through the company's CargoWise One global logistics execution platform. "Xware will also play a part in our CargoWise Nexus platform, currently in development, designed to enable our customers to rapidly, reliably and securely connect digitally with their own customers and trading partners," White said.

Customers can use the CargoWise One product in place of their transportation management system (TMS) and other software platforms to conduct complex transactions ranging from freight forwarding and customs clearance to warehousing, shipping, tracking, land transport, e-commerce, and cross-border compliance, the company said.

From Xware's point of view, the deal brings the smaller firm new technical and commercial opportunities, such as access to the global market of organizations that operate outside the Nordic nations, Ericsson said in a release.

The acquisition is WiseTech's latest takeover since buying the Swedish customs and logistics solutions provider CargoIT for an undisclosed amount in 2018, and half a dozen other companies in the same year.That string of acquisitions "in line with WiseTech Global's clearly stated strategy of accelerating long-term organic growth through targeted, valuable geographic foothold and technology adjacency acquisitions," the company said.

Technology Export-Import Management/GTM Transportation & Load Planning (TMS)
KEYWORDS WiseTech Global
  • Related Articles

    WiseTech continues acquisition spree with takeover of Swedish customs tech vendor

    WiseTech Global acquires TMS vendor SaaS Transportation

    WiseTech acquires Taric

Recent Articles by DC Velocity Staff

North American entries rank high in Toyota Material Handling design contest

IBM survey says digitalization trends will sweep trucking industry by 2030

Warehouse robotics vendor Berkshire Grey goes public in SPAC deal

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Walmart launches plan to build micro-DCs inside dozens of retail stores

  • Relaxed regulations for drone parcel delivery to take effect in March

  • Gartner survey signals increased investment in resilience over the next two years

  • Increasing Urgency for Vaccine Supplies Drives Launch of New Vaccine Manufacturing Resources on Thomasnet.com

  • What Level of Automation is Right for Your Warehouse?

Now Playing on DCV-TV

7d82a38f f300 4f37 aac7 93ec8a60c08a

Heads Up: Your CEO Could be Calling!

DCV-TV 4: Viewer Contributed
The challenge on the table is how to make the best of a tumultuous transportation market. Watch this video to hear some tips to consider. Check out last week's 2MW: https://blog.tranzact.com/2-minute-warning/note-to-ceos-dont-blame-the-logistics-department OTR with Peter Tirschewell, from the Journal of Commerce...

FEATURED WHITE PAPERS

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing