The interoperable messaging solution xTrade is designed to allow organizations to safely share information with suppliers and business partners.
WiseTech Global on Tuesday announced the acquisition of Xware, a messaging integration solutions provider in Sweden.
Xware’s secure, interoperable messaging solution xTrade is designed to link organizations to their suppliers and partners, allowing them to safely share information. Xware customers include the Swedish Armed Forces, CGI, Stockholm City Council, Axstores/Åhlens and Greencarrier Freight Services. and other organisations across sectors including logistics, IT, and healthcare
“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,” said WiseTech Global founder and CEO Richard White (pictured above far right). “This is part of our digital straight-through processing strategy to accelerate adoption, reduce risks and costs and encourage wider digitization within the logistics industry.
“This adjacency acquisition will also expand our innovation resources, deliver benefits to our customers and improve partner channel capacity for integrations to CargoWise platforms,” White said.
He added that Xware will “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 will remain under the leadership of Jonas Ericsson (pictured above second from right) and founder Anders Lyckosköld (second from left).
The terms of the deal were not disclosed. This transaction follows WiseTech’s other recent logistics solutions acquisitions in Argentina, Australasia, Belgium, Brazil, Canada, France, Germany, Ireland, Italy, the Netherlands, North America, Norway, Spain, Sweden, Taiwan, Turkey, the U.K. and Uruguay.
