Four Soft and Freight Forwarding Industry Leaders Form Global Alliance to Drive Efficiencies in Logistics Software

HYDERABAD, India--(BUSINESS WIRE)-- Four Soft Limited, India (NSE: "FOURSOFT", BSE 532521), a global leader offering software solutions for transportation and logistics, today announced that it is bringing top players of the logistics industry on a single platform to form a strategic initiative - FFIFA (Freight Forwarding Industry & Four Soft Alliance).

Leading players like DHL, Geodis Wilson, CEVA, Agility, FedEx and Continental Group have come together for the first time to drive efficiencies in the logistics software deployment. The members will collaborate and collectively suggest the adoption of best practices across the industry.

Kieren Ring, CEO, Global Institute of Logistics, commented, "I have been observing the growth of Four Soft from the past few years and they have the acquaintance with the global logistics players which makes them the ideal partner to hold this initiative. I am sure this will help the Logistics industry to achieve next level of maturity in their business processes."

Palem Srikanth, Chairman, Four Soft Limited, commented, "Logistics industry has been facing serious problems due to lack of standardized business processes. It has made them less competitive and led to lack of control on their IT budgets. We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems."

Rajshekhar Roy, CEO, Four Soft Limited, commented, "FFIFA will kick start much needed collaboration and defining common industry standards, resulting in lowering the communication costs among various players and using IT as a tool of competitive advantage. Four Soft has established market leadership position in the 3PL and the transportation segments and this association will provide a great opportunity to work with industry leaders which enables us to better serve our customer base with enterprise-class software solutions."

About Four Soft Limited

Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place. With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson.

Contacts

Four Soft Limited
Praveen Gavuji
Mobile: +91 9948099688
Tel: +91 40 66873034
Email: praveen.g@four-soft.com
Website: www.four-soft.com

Source: Four Soft Limited

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