Richard White, CEO of CargoWise and its parent company WiseTechGlobal, said that the merger with TransLogix will take the group’s annual revenues to between $52million and $60 million this year, and lift headcount to 300. Mr White said that no retrenchments were planned, although he accepted not all the TransLogix staff might want to move to the company’s Alexandria premises.
TransLogix’s CEO Anselm Waterfield will remain with the newly merged company for an unspecified period but Mr White said he expected that he would eventually leave the company.
Mr White said that since CargoWise decided to go overseas in 2006 the company had been growing by about 35 per cent a year. While there was some local overlap with the TransLogix products, he said that they were mainly complementary and gave CargoWise a much broader range of solutions to offer clients – supporting domestic through to international logistics.
“In recent times because of our growth we had started to realise that domestic was incredibly important. I went to Anselm and said I would rather not compete, I’d rather do something better.”
Mr White said it would now be possible to offer all customers a solution for; “all aspects of freight operations door to door, road, rail, air and sea and across borders from a single global vendor.”
Internationally the company claims it has 4,000 clients spread across more than 75 countries. Although headquartered in Sydney it has offices in the US, Europe and Asia.
CargoWise also plans to offer a cloud version of TransLogix in the future. The company operates its own data centre in Sydney and co-locates in data centres in the UK and US, to form an international network which can serve up a software as a service version of its solutions.