Logistics software company Kewill has acquired the assets of Pointandship Software as it looks to build on its parcel shipping and shipping expense management services.
Logistics software company Kewill has acquired the assets of US-headquartered Pointandship Software as it looks to build on its parcel shipping and shipping expense management services.
According to a statement, Kewill will now be able to provide ‘multi-carrier’ shipping for small and medium-sized enterprises (SMEs) through new cloud-based software services.
Paul Nichols, chief executive of Kewill, comments: ‘In line with our strategy, we are now able to support the largest enterprises as well as the SME market with both on-premise and SaaS [Software-as-a-Service] based shipping solutions.
‘This enables us to not only offer scalable choices for the market, but also supports our expanding VAR, reseller, and partner channels.’
Surrey-based Kewill has customers including DHL, UPS, Hitachi, Mothercare and Black & Decker.
While the terms of the acquisition were undisclosed the gross assets being acquired amounted to approximately £1.2 million.
In November Kewill announced that it had made an operating loss of £700,000 for the six months ending 30 September 2011, after making profits of the same amount during the same period in 2010.
The loss of a contract with mobile phone company Nokia, and a reduction in value of its contract with HP impacted the business by £900,000.
The deal for Pointandship is the first purchase made by Kewill since its June 2010 buy of Minihouse for up to £16.7 million.