Chapel Hill, North Carolina, September 12, 2017 – Global logistics software group, WiseTech Global, today announced the acquisition of CargoSphere, a global leader in ocean freight rate management solutions.
Headquartered in North America, CargoSphere’s advanced rate management platform ensures frictionless rate distribution and enriched and efficient access to confidential ocean freight rates. CargoSphere provides its rate management solutions to more than 100 customers including Kuehne + Nagel, Dachser, NNR Global Logistics, M+R Spedag, Livingston International and many other leading global freight forwarders and logistics providers.
CargoSphere founder, Neil Barni, said “We have dedicated over 15 years pursuing our product vision and goal of becoming the leading neutral global ocean rates platform for the shipping industry, and in working with WiseTech over the last year, we realised that we can both do more and deliver more value to our customers together. We will benefit from the global strength and powerful innovation capability of WiseTech and we remain committed to integrating with ocean carriers and with our customers and to delivering on our vision for fully automated digital rate distribution.”
WiseTech Global CEO, Richard White, said “We are focused on improving productivity, quality, speed, visibility and manageability in the logistics industry and we are delighted CargoSphere is joining the WiseTech family. Combining CargoSphere’s leading ocean freight rate management solution with the strengths of the WiseTech Global group and our leading integrated global execution platform, CargoWise One, will add value for freight forwarders and logistics customers. By enhancing rate management capability and integrating with our CargoWise One platform, we will be able to increase efficiency, accuracy and productivity for our customers worldwide, while the CargoSphere team will benefit from our development strength and capacity to accelerate further multi-modal technology innovations in rate management.”
“Our vision is of a comprehensive, truly global logistics execution solution, capable of optimising margins and resources while managing from the first-mile, connecting to long-haul air, sea, rail and road and crossing complex borders, to the last mile delivery, all with improved safety, border compliance and productivity through data and device integration, global visibility and process manageability. The addition of CargoSphere to the WiseTech group, along with our recent acquisitions in Brazil, Taiwan, Australasia and the Netherlands, is a further important step in making this possible.”
Remaining under the leadership of founder and Managing Director, Neil Barni, CargoSphere will continue to deliver its compelling rate management solutions directly to its worldwide customers and, now, also to the 7,000 logistics providers across 125 countries who utilise WiseTech’s integrated supply chain execution solutions. WiseTech’s global integrated platform, CargoWise One, enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
Founded in 1999, CargoSphere is a leading global ocean freight rate management provider, helping customers worldwide boost productivity. Headquartered in North Carolina, USA, with a team of 20 people, CargoSphere provides rate management solutions and Rate Mesh to over 100 customers including Kuehne + Nagel, Dachser, NNR Global Logistics, M+R Spedag, and Livingston International. The CargoSphere rate technology platform delivers frictionless rate distribution and networking.
Cloud-based, systematized contract and rate management provides the CargoSphere user community with accurate and collaborative rate distribution, sharing, comparison and quoting, as well as the ability to self-publish FMC tariffs. The CargoSphere Rate Mesh connects shipping partners for seamless, confidential rate collaboration in real-time to simplify rate communication and provide a faster, more effective way to receive and distribute freight rates.
For more information, visit www.cargosphere.com
About WiseTech Global
WiseTech Global is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 7,000 of the world’s logistics companies across more than 125 countries. Our flagship product, CargoWise One, forms an integral link in the global supply chain and executes over 44 billion data transactions annually. Our software enables our customers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach.
For more information on WiseTech Global and CargoWise One, please visit:
Investor centre www.wisetechglobal.com/investors
Company website www.wisetechglobal.com
Carol Lerner +1 973 635 6923, email@example.com