Four Soft acquires Danish firm

Four Soft, a Hyderabad(India) based transport and logistics software technology company has acquired Transaxiom Holding, a Danish company for about $10 million in a cash cum stock deal.
Transaxiom is also a transportation and logistic software solution provider.

The present deal is expected to expand the presence of Four Soft in Australia, New Zealand and other Scandinavian countries.

The company also plans to start a BPO centre for the logistics sector with an investment of $ 1 million in Hyderabad towards the beginning of the second quarter in the coming year. The BPO centre is going to be joint venture project with an undisclosed Japanese firm.