WiseTech Global strikes deal to buy Brazil’s Bysoft
July 06, 2017: Global logistics software group, WiseTech is buying Bysoft Solucoes em Sistemas Para Comercio Exterior Ltda (Bysoft), the largest provider of automated customs solutions to the logistics industry across Brazil.
Headquartered in Sao Paolo, Bysoft provides automated customs and freight forwarding software and solutions to about 750 corporations including DHL, FedEx, UPS, Schenker, Yusen and CH Robinson.
WiseTech Global CEO, Richard White, said, “With Bysoft’s leading position in automated customs solutions in Brazil, and with Brazil the largest logistics market in South America, we are pleased to welcome the Bysoft team to the WiseTech Global family. We value their leadership, cross-border compliance expertise and product development knowledge. We know Bysoft well through our long-standing Wise Business Partner relationship. Acquiring the market-leading customs software vendor in Brazil gives us an incredibly strong foundation for our South American expansion.”
“WiseTech Global is focused on improving productivity, quality, speed, visibility, and manageability in the logistics industry and has a well-articulated focus on highly productive customs and border compliance. Given the deep complexities and challenges of cross-border logistics in Brazil, we believe the powerhouse combination of WiseTech Global and Bysoft will provide significant benefit for South American logistics providers and multi-nationals world-wide.”
Bysoft managing director, Edneia Chebabi, said, “With the global strength of WiseTech now invested in Brazil, Bysoft will accelerate our innovation and product development and integration with CargoWise One to improve our Brazilian and global customers’ productivity and border compliance capability. We are excited to join together to deliver expanded solutions for our customers in the future.”
Under the leadership of Chebabi, Bysoft operations will be integrated within the WiseTech Global group. Bysoft will continue to deliver its market leading products in Brazil along with WiseTech’s powerful global logistics execution platform, CargoWise One.
Across 125 countries, CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.