Logistics software firm WiseTech Global has acquired Xware, a messaging integration provider in Sweden.
Xware’s interoperable messaging product, xTrade, is designed to link organisations to their suppliers and partners, allowing them to share information securely.
Its products are also utilised in the integration of complex applications in specialised sectors such as defence. Xware customers include Swedish Armed Forces, Greencarrier Freight Services, and other organisations across sectors including logistics, IT, and healthcare.
WiseTech Global founder and chief executive Richard White said: “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.”
White said that the acquisition of Xware is part of a “digital straight-through processing strategy” to accelerate adoption, reduce risks and costs and encourage wider digitisation within the logistics industry.
He continued: “Given our powerful global development capabilities and worldwide reach, we will together further expand the speed and ease with which organisations can interconnect their myriad information systems with our 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.”
Xware managing director Jonas Ericsson said: “Joining the WiseTech Global group brings Xware to a new phase with extensive new technical and commercial opportunities, such as access to the global market, and their very advanced and innovative development resources.
“While we remain committed to delivering the best messaging integration solutions to our customers across Sweden and their ongoing support, we will now be able to help more organisations who operate outside the Nordics.”
Xware will remain under the leadership of Jonas Ericsson, and founder Anders Lyckosköld.
This transaction follows WiseTech’s other recent logistics solutions acquisitions in Europe, Asia and the Americas, and is in line with its strategy of accelerating long-term organic growth.
