WiseTech Global snaps up CMS Transport Systems


Australian-listed international software firm extends its product offering and customers

WiseTech Global snaps up CMS Transport Systems
Richard White says the acquisition was needed to face market challenges

 

WiseTech Global has continued along its transport IT acquisitions path, buying noted regional systems provider CMS Transport Systems.

CMS is active in integrated road transport and logistics management systems across Australia and New Zealand. while WiseTech has expanded internationally  since its high-profile listing on the Australian Securities Exchange (ASX) in April last year.

"With the explosion in e-commerce driving exponential growth in ‘fast mile’ transport volumes, speed and complexity, the mounting margin pressures, regulatory burden and demand for land transport logistics services requires deep integration, automation and order-of-magnitude increases in productivity to address the challenges," WiseTech CEO Richard White says.

"WiseTech Global has been investing research and development resources into machine learning, natural language processing, robotic process automation and guided decision tools.

"We will be working with the talented CMS team and our customers as we progress our land transport and integrated telematics development pipeline for the next generation of road and freight solutions."

WiseTech notes CMS provides its flagship transport management system (TMS), Freight 2020, to more than 130 corporations including ABC Transport, SRT Logistics, McColls Transport, Richers Transport, Cahill Transport, Secon Freight Logistics, K&S Group, Greyhound Freight, John L Pierce Transport.

For its part, CMS is looking for greater spread for its products.

"Joining WiseTech, the market leader with scale and capacity to accelerate innovation, allows us to combine our vision and deliver on a product roadmap utilising CMS’s decades of road freight industry knowledge," CMS managing director Robert Mullins says.

Their resources and technology will enable us to take integrated land transport solutions to a new level resulting in a profound and positive impact on our customer base, the Australian road freight industry and ultimately road freight logistics internationally."

Mullins and CMS general manager Grant Walmsley will remain in charge of its operations as they are integrated within the WiseTech Global group.

The CMS team will continue to deliver Freight 2020 in Australia and New Zealand and, over time, WiseTech’s global logistics execution platform, CargoWise One.

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