Release Date: 18 November 2009
Release ID: 4388
* G-Log was acquired by Oracle for its Transport Management system
* Four Soft growth plans include new service lines
* Four Soft to renew focus on web products
* To penetrate into new geographies and new customer segments
Hyderabad, 18th November, 2009: Four Soft (4S) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for transportation and logistics, has appointed Tim Sensenig as its new Executive Vice President for Global Sales and Business development, further strengthening Four soft’s position in the transportation and Logistics Industry. Mr.Sensenig is the former Co-founder and vice chairman of G-log, the global third party logistics software company, later acquired by Oracle for its Oracle Transport Management practice.
Palem Srikanth, Chairman, Four soft Limited, said,” I welcome Tim Sensenig on Board. Four soft definitely has aggressive and organic growth plans in the coming quarters. We have established market leadership position in the 3PL and the transportation segments and with this initiative we would like to grow our position in the Shipper Logistics market. Mr.Sensenig’s experience in development, delivery and marketing solutions in both Third party logistics and shipping domains will bring clear value to what four soft aspires in the short to medium term.”
Rajshekhar Roy, CEO, Four soft Limited, said,” In the last 18 months all our flagship products such as 4S eTrans, 4S eLog, 4S Visilog, 4S Visilog Plus and 4S iShipping have been implemented successfully across 20 plus customers in multiple global locations. This is the result of Four soft strengthening its delivery capability and product pipeline for each category in the last six quarters. With the global economy showing signs of coming out of the recessionary phase, we believe this is the right time to strengthen our sales and marketing engine and take up an aggressive product and services roll out. It is in this context that Sensing’s addition to the 4S management team acquires a significant strategic edge to enable our next phase of business penetration in to the global markets”.
Tim Sensenig, Executive Vice President, Global Sales and Business Development, Four soft Limited, said,” Improving efficiencies of the Global supply chain has been my passion and I have always admired the Technological edge and the rich functionality of 4S products as a competitor. Now, we offer an unmatched value proposition to the Global Transportation and Logistics market place. There is definitely a great demand for Four Soft's solutions globally. The company’s achievements are impressive and I look forward to leading the effort to take the company's market leading product platforms into the waiting global market.”
Mr. Sensenig is an accomplished corporate strategist with 20 years varied experience in global sales and business development, most recently as a Chairman at Gray Peaks Inc, a Transportation asset management company. He has extensive C-level relationships at global enterprises, transportation companies and logistics suppliers and a track record of converting those into new business. Tim is now responsible for Global sales and Business development operations at Four soft Limited.
Mr. Sensenig currently serves as President of Americas & board member of Supply Chain & Logistics Group. He is also strategic advisor to Sunoptics the market leader in daylighting for Global Logistics and is part of the Chairmen's Group supporting GAVI Alliances. He has a success of creating the first shelf-facing optimization software company for a FMCG major in the US; Supporting the growth of a Middle Eastern third party logistics (3PL) company; Assisting in Sovereign Bancorp's growth over 7 years and launching the Supply Chain Investment Banking practice at Donaldson Lufkin & Jenrette.
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place. It is the market leader in the transportation and logistics segment with a large international client base including the majority of the top transportation & logistics companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson. Additional information about Four Soft is available at www.four-soft.com .
Four Soft offer a full suite of web-native products across the logistics supply chain. This includes 4S eTrans for freight forwarding and logistics, 4S eLog for extended warehouse management, 4S Visilog & 4S VisiLog plus for track & trace, visibility and supply-chain management, 4S eCustoms for customs brokerage, 4S iShipping for shipping line execution and 4S eConnect for business-to-business connectivity.
For more information please contact:
Four Soft Limited
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