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Hyderabad, October 14, 2005 -- Four Soft Limited (4S) (NSE: "FOURSOFT" BSE: 532521), a leading provider of transportation, logistics and supply-chain process management software solutions to large enterprises, announced its strategy to target the $ 500 million global logistics software industry. 4S plans to launch a host of new products in the next 18 months. To further this endeavour, the company announced the commencement of development of two new products – 4S-3Plex and 4S-eCustoms.
4S-3Plex will bring together various logistics players in the industry to collaborate on a single open platform. The platform will primarily enable regional and mid-sized forwarders, agents and transportation companies to work seamlessly to provide the full visibility of the entire chain to their end customers.
4S-eCustoms is a product that will accelerate the import and export clearance of cargo in major geographic locations. Customs clearance of major countries will be available in one web based system having the capability to handle the operations, automate interaction with various government customs agencies and ensure compliance. 4S-eCustoms will operate both in standalone mode and as an integrated module with 4S eTrans product.
4S had recently acquired DCS Transportation and Logistics Solutions division, a UK headquartered Transport & Logistics Software solutions major, with operations in UK, The Netherlands, US, France & Germany. The acquisition established 4S as the market leader with large international client base including majority of the top twenty Transportation & Logistics companies of the world.
Speaking on the new initiatives, Mr. Srikanth Palem, CEO & MD, Four Soft Ltd. said, "The demand of high supply chain visibility, fast turnaround time and increasing pressure on costs by the end customers is forcing the various regional and mid-sized players in the T & L industry to collaborate among themselves and speed-up interaction with governmental agencies like customs. 4S-3Plex and 4S-eCustoms are designed to address these evolving needs and will help 4S stay ahead of the market."
"Four Soft has become the leader in logistics applications by continuously expanding our product portfolio and enhancing our existing products to offer technologically advanced, end-to-end solutions and will continue to do so. The close fit of these products with our current range of products will help us in completing the portfolio and cover the new evolving gaps in the industry." he added.
On the occasion, Mr. Koh Boon Hwee, member of the Board of Four Soft said, "With their domain expertise and technological strength, Four Soft is well positioned to anticipate and understand the evolving needs of this domain and create products that will help the logistics players improve productivity."
"These products come at the right time when 4S is positioned for consolidation and future growth. We believe they will add value to the long term growth of the Company and help sustain leadership position in the T&L vertical worldwide" said Mr. Walter J Sousa, and member of the Board of Four Soft.
About Four Soft Ltd
4S is an enterprise solutions company, providing innovative software products, exclusively for transportation, logistics and supply-chain management market place and also offers IT consultancy services. The global operations of the company are based out of India, UK, The Netherlands, Singapore and USA. It has its software development centre in HITEC city of Hyderabad, India with products developed on three-tier web architecture. The Company has large customers including EGL Global Logistics, DHL, Kuehne & Nagle, Schenkers, Panasonic Logistics, UTi, Frans Maas Europe, S-Net Freight, W.T. Limited and Frank-Lin Distilleries. Additional information about Four Soft is available at http://www.four-soft.com
For further information contact:
Rakesh Kumar M - +91 9885106057
rakeshkumar.m@four-soft.com
Four Soft Limited
Chavneet Arora - +91 9820165470
chavneet@adfactorspr.com
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