Four Soft (4S) has announced plans to launch a host of new products in the next eighteen months, and has begun development of its 4S-3Plex and 4S-eCustoms products.
4S-3Plex will bring together various logistics players in the industry to collaborate on a single open platform that will primarily enable regional and mid-sized forwarders, agents and transportation companies to work seamlessly to provide the full visibility of the entire chain to their end customers.
4S-eCustoms will accelerate the import and export clearance of cargo in major geographic locations. Customs clearance of major countries will be available in one web based system having the capability to handle the operations, automate interaction with various government customs agencies and ensure compliance. 4S-eCustoms will operate both in standalone mode and as an integrated module with 4S eTrans product.
CEO & managing director Srikanth Palem said: “The demand of high supply chain visibility, fast turnaround time and increasing pressure on costs by the end customers is forcing the various regional and mid-sized players in the T & L industry to collaborate among themselves and speed-up interaction with governmental agencies like customs. 4S-3Plex and 4S-eCustoms are designed to address these evolving needs and will help 4S stay ahead of the market.”
Four Soft has released its unaudited results for the second quarter ended September 2005, reporting a 265% growth in consolidated revenues at to Rs 174.54 million (Q2 2004: Rs 47.73m). Consolidated net profit for the quarter stood at Rs 16.89 million (Q2 2004: Rs 16.11m).
Consolidated revenues for the first half ended September 2005 stood at Rs 243.43 million (H1 2004: Rs 95.88m), with consolidated net profit of Rs 26.83 million (H1 2004: Rs 41.15m).
4S recently acquired a transport & logistics software solutions major with operations in UK, The Netherlands, US, France & Germany [Refer Four Soft acquires DCS Transport & Logistics], which established 4S as the market leader with a client base that includes the majority of the world’s Top 20 transportation & logistics companies.
