WiseTech Global to acquire BSM Global

Adds global trade management documentation and contract management capability to CargoWise

SYDNEY, Australia – WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, today announced it has entered into an agreement to acquire BSM Global, provider of global trade management (GTM) systems and solutions that connect companies with their trading partners globally. Headquartered in Australia, BSM is being acquired from private shareholders.

Established in 2003 by Robert Flemming, BSM operates across Australia, New Zealand, Singapore and the United States. BSM’s GTM solution allows exporters to plan and manage the contracts, financial and commercial arrangements with their trading partners and produce relevant international trade documents. It also allows supply chain managers to plan and execute their international transactions. Importantly, it removes manual processes and automates data transfer between supply chain managers, their logistics service providers, their customers and some government or statutory bodies. These solutions integrate with the most common ERP systems used by exporters including SAP, Oracle and Microsoft Dynamics.

BSM’s functionality will become part of the WiseTech family of trade, transport and logistics products. BSM’s customers will continue to access BSM’s solution and product support team. BSM will remain under the current leadership of Jason Flemming.

Vlad Bilanovsky, Chief Execution Officer of WiseTech Global, said: “When I first met Robert Flemming, the founder of BSM, several years ago, I was impressed with his vision, passion and drive to facilitate global trade by automating contract, logistics and operational processes within the international supply chain. This aligns with WiseTech’s relentless focus on automating logistics execution. BSM brings a proven solution for GTM as well as a team with extremely deep domain knowledge in global trade, transport and logistics.”

BSM Global CEO, Jason Flemming, said: “Joining WiseTech Global provides a new level of scale and resources to continue my father’s vision to grow and enhance BSM’s GTM solutions globally, and invest in its ongoing innovation as part of the WiseTech ecosystem. It also expands the career opportunities for our employees as part of the leading global logistics technology company.”