WiseTech strikes deal to buy Bysoft

Logistics enterprise software provider WiseTech Global reached a deal to acquire Bysoft Solucoes em Sistemas Para Comercio Exterior Ltda (Bysoft), the largest provider of automated customs solutions to the logistics industry across Brazil.    Australia-based logistics enterprise software provider WiseTech Global reached a deal to acquire Bysoft Solucoes em Sistemas Para Comercio Exterior Ltda (Bysoft), the largest provider of automated customs solutions to the logistics industry across Brazil.
   Financial terms of the deal were not disclosed, but WiseTech CEO Richard White in a statement announcing the deal the company placed a high value on Bysoft’s leadership, cross-border compliance expertise, and product development knowledge.
   “WiseTech Global is focused on improving productivity, quality, speed, visibility, and manageability in the logistics industry and has a well-articulated focus on highly productive customs and border compliance,” White explained. “Given the deep complexities and challenges of cross-border logistics in Brazil, we believe the powerhouse combination of WiseTech Global and Bysoft will provide significant benefit for South American logistics providers and multi-nationals world-wide.”
   Bysoft’s operations will be integrated within the WiseTech group, but will remain under the leadership of managing director Edneia Chebabi, WiseTech said.
   WiseTech’s customers include over 6,000 logistics companies across more than 125 countries. Its flagship product is CargoWise One, which enables logistics service providers to execute transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport, and cross border compliance, and manage their operations on one database across multiple users, functions, countries, languages and currencies.
   Bysoft, which has a team of over 50 people, provides automated customs and freight forwarding software and solutions to about 750 corporations, including DHL, FedEx, UPS, Schenker, Yusen and C.H. Robinson. The company has been a provider of CargoWise One to its customers since April 2015.