Global logistics solutions group, WiseTech Global (ASX:WTC) (OTCMKTS:WTCHF), today announced the acquisition of Pierbridge, a leading parcel shipping transportation management solution (TMS) provider to medium and large shippers in the United States.
Headquartered in Massachusetts with development offices in the UK and Finland, Pierbridge offers an enterprise-class, multi-carrier, parcel shipping solution, which streamlines carrier selection, booking, label printing, tracking, invoice reconciliation and BI reporting. Pierbridge provides its parcel shipping TMS direct to customers and through solutions providers including Pitney Bowes, Logistyx and others. Pierbridge's technology automates many large shipping operations across the manufacturing, healthcare, financial, technology and e-commerce sectors for end-users including Overstock.com, Siemens, US Homeland Security, BNY Mellon Bank, Texas Instruments, Genentech, Mazda, Home Depot and Menards.
WiseTech Global Founder and CEO, Richard White, said "E-commerce is driving significant parcel shipment growth internationally and domestically. Pierbridge's parcel shipping TMS offering allows freight forwarders, warehouses and shippers, such as online retailers, to more efficiently manage high volumes of parcel shipments, and will enable our customers to ship with US-based global couriers. Pierbridge's parcel TMS is a scalable technology we can converge and expand with our next-generation e-commerce solutions as we drive deeper into global e-commerce fulfilment."
"Across the WiseTech Global group we are building out the cargo chain ecosystem to deliver real-time visibility, control over margins, faster movement, more efficient use of resources and error reduction across all transport modes for our customers. Bringing the Pierbridge parcel shipping TMS expertise and multi-region development teams into the WiseTech Global group now, expands and accelerates the development of our scalable high-volume domestic and international fulfilment e-commerce solutions. Along with our deep cross-border and international logistics capability and global execution platform, this transaction ensures we are well-placed to solve the increasingly large international e-commerce problem set."
Pierbridge's Managing Director, Bob Malley, said "Becoming part of the WiseTech Global group is an exciting step forward for Pierbridge. E-commerce is driving worldwide demand for smaller, more frequent, last-mile delivery of shipments across borders. By integrating our parcel TMS solutions with WiseTech's CargoWise One platform, we will enable Pierbridge customers and partners to extend control of parcel shipping processes well beyond North America. With their global infrastructure, cross-border logistics expertise and deeply integrated logistics capabilities, WiseTech Global provides Pierbridge with a unique opportunity to address complex international parcel shipping worldwide. Together we will develop advanced solutions for the exponential growth in volumes to come."
Remaining under the leadership of Bob Malley, Pierbridge will continue to work with its partners to deliver innovative parcel shipping TMS solutions to shippers worldwide. Pierbridge will also have access to the 7,000 logistics providers across the world who utilise WiseTech's integrated supply chain execution solutions.
Pierbridge's parcel TMS platform, Transtream, can be deployed on premise in locations that are shipping hundreds of thousands of parcels each day, or can be accessed from the cloud to enable e-commerce businesses to streamline omni-channel shipping processes from suppliers, stores, offices and warehouses. Transtream automates rating and delivery times in shopping carts, controls costs, and provides better shipping visibility for customer service. Pierbridge and its technology partners, Logistyx and Pitney Bowes, have achieved FedEx Compatible Platinum certification, based on shipping volume throughput, support of FedEx's most current service offerings, and other key certification criteria. Pierbridge has also earned UPS ConnectShip Platinum certification status.
Across 130 countries, CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, ecommerce, and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
This transaction follows WiseTech's other recent logistics solutions acquisitions in Canada, France, Belgium, Ireland, North America, Australasia, Italy, Germany, Turkey, the Netherlands, Argentina, Brazil, Uruguay and Taiwan, and is in line with WiseTech Global's clearly stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions.
About Pierbridge Inc.
Founded in 2004, Pierbridge provides parcel shipping TMS direct to customers and through solution providers such as Logistyx, Pitney Bowes and others. Pierbridge solutions automate many large shipping operations across the manufacturing, healthcare, financial, technology and e-commerce sectors for end-users including Overstock.com, Siemens, US Homeland Security, BNY Mellon Bank, Texas Instruments, Genentech, Mazda, Home Depot and Menards. Headquartered in Marlborough, Massachusetts, Pierbridge also has development offices in the UK and Finland, and has a team of 56 experienced logistics and technical professionals. For more information about Pierbridge, visit http://pierbridge.com
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