SmartFreight expands operations with acquisitions


Fellow transport and logistics solution providers join the software company

SmartFreight expands operations with acquisitions
SmartFreight acquires Compdata and tdX arm in expansion move.

 

Australian transport and logistics software provider SmartFreight has announced the acquisition of two new businesses as part of its strategy for accelerated global growth.

The latest acquisitions are freight management solutions company Compdata Technology Services (Supplymaster) and the shipping software arm of transport and logistics business - tdX (The Data Exchange).

The Interactive Freight Systems’ subsidiary says the move allows it to consolidate its efforts in the multi-carrier shipping and transport solutions space, optimise control of operating cost structures, maintain completive pricing and reinforce strong relationships with the transport industry.

"This is a huge win for all stakeholders in the Australian supply chain industry and global e-commerce arena, with customers, transport providers, software partners and freight management partners alike, all set to benefit," SmartFreight CEO Ken Aitken says.

"Today marks the convergence of some 50 years of combined technology experience in the shipping software industry.

"We are extremely pleased to have been able to achieve this with two such respected industry players."

For customers, SmartFreight says the enlarged team will help it respond to all their needs, with service enhancements to include an increased multi-lingual customer facing team and increased human IP resource pool.

Welcoming the Compdata team, Aitken says it "will help to expand our team’s existing skillset and build on the exceptional business they have created over the years."

"Likewise, we look forward to collaborating with tdX on key projects in the future, growing the reach of our solutions to assist customers with extended workflow processes in their supply chain, which is tdX’s core strength," Aitken says.

Seeing the benefits of focusing the tdX business elsewhere, its managing director Grahame Williams says "there’s great alignment with SmartFreight."

"At tdX we share the same ethical values and customer service ethos – so this was a natural fit," he says.

"Ken’s leadership will undoubtedly see SmartFreight® continue to be upheld as the pre-eminent shipping solution provider in Australia and across all territories in which they operate globally."

For Compdata, its director Guyren Smith says he is "extremely proud of what the Compdata team has achieved over the last 20 years and confident that the combined Compdata and SmartFreight teams will deliver positive outcomes for all our valued customers."

SmartFreight says it is set to launch a new platform for its customers later this year.

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