WiseTech Global Strengths, Domain Expertise, and Key Differentiators
CargoWise is a comprehensive, globally integrated software platform designed for logistics service providers. It facilitates complex logistics transactions and operational management on a single global database, accommodating multiple users, functions, offices, corporations, currencies, countries, and languages.
WiseTech Global Recent Developments
With a significant 54% of WiseTech Global's workforce dedicated to product development, the company delivered an impressive 1,199 new enhancements to its CargoWise platform in FY22. Among these updates are the latest compliance, accounting, and warehouse features, carefully designed to empower logistics enterprises to enhance performance and achieve predictability within their operations.
WiseTech Global Mergers and Acquisitions (M&A) Activities
In November 2023, WiseTech Global acquired Sistemas Casa to expand its global customs capabilities into Mexico. Founded in 1995 and based in Mexico City, Sistemas Casa provides customs software solutions to automate administrative and operational processes, ensuring compliance with Mexico's customs regulations for importers and exporters. Holding authorization from Mexico's National Customs Agency for pre-validation services, Sistemas Casa serves customs brokers working with international freight forwarders like DHL, UPS, FedEx, and Mexico-based exporters such as Pemex.
In October 2023, WiseTech Global acquired MatchBox Exchange, operating across Australia, India, Indonesia, Israel, New Zealand, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam. The platform connects transport companies, freight forwarders, importers, and exporters, facilitating the matching of available empty containers with those in need. MatchBox Exchange collaborates with major global shipping lines like Maersk, CMA-CGM, MSC, Hapag-Lloyd, ONE, HMM, and Yang Ming, streamlining landside logistics by reducing turnaround times and costs associated with empty container transportation and storage.
In February 2023, WiseTech Global completed the acquisition of Blume Global, a United States-based company headquartered in the United States. The acquisition, which included buyout from funds managed by Apollo, EQT, and other minority shareholders, significantly bolsters WiseTech's capabilities in one of its six key CargoWise development priority areas: integrating rail into the landside logistics offering in North America, known as the world's most complex and largest logistics region. Additionally, Blume Global brings on board a wealth of talent, a diverse portfolio of valuable product capabilities, and strengthens WiseTech's product development expertise. This strategic move underscores WiseTech's commitment to investing in its CargoWise ecosystem, aimed at enhancing visibility and process efficiencies across the supply chain for its customers.
In January 2023, WiseTech Global acquired Envase Technologies from private investment firm Firmament and other sellers. Headquartered in the United States, Envase provides container movement automation solutions for carriers across import and export haulage operations. With over 1,300 customers in North America, including trucking companies, ports, depots, and warehouses, Envase is projected to generate approximately US$35 million in revenue for 2023, with an EBITDA margin in the low to mid 20% range. The acquisition, funded by 70% cash (US$161 million) and 30% new WiseTech Global shares (equivalent to US$69 million), is expected to be completed in February 2023, with one-off transaction costs of approximately US$10 million covered from existing cash reserves.
WiseTech Global Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying WiseTech Global applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of WiseTech Global and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CargoWise customers.
WiseTech Global Overview
74 O'Riordan St
Alexandria, NSW, 2015, Australia
61 2 8001-2200
https://www.wisetechglobal.com/
Ownership: - ASX: WTC
Number of Employees: 3026
Functional Markets: Content Management, ERP Services and Operations, SCM, TRM,
Key Verticals: Distribution, Manufacturing, Transportation,
WiseTech Global Key Enterprise and Cloud Applications
CargoWise
WiseTech Global Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
WiseTech Global Revenue Breakdown By Type, $M:
WiseTech Global Enterprise Applications Revenues By Functional Markets, $M:
WiseTech Global Enterprise Applications Revenues By Verticals, $M:
WiseTech Global Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
WiseTech Global Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
WiseTech Global Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified WiseTech Global Customers
No. of WiseTech Global Customers: 17000
No. of WiseTech Global Enterprise Applications Customers: x
No. of WiseTech Global Cloud Customers: x
No. of WiseTech Global Cloud Subscribers: x
WiseTech serves more than 17,000 logistics companies worldwide in 170 countries, including 41 of the top 50 global third-party logistics providers and 24 of the largest global freight forwarders
WiseTech Global Market Opportunities, M&A and Geo Expansions
WiseTech Global has the potential to venture into untapped markets and burgeoning regions where logistics and supply chain solutions are in high demand. Emerging economies and regions witnessing rapid infrastructure development offer lucrative opportunities for the company to penetrate and secure a foothold in the market. By prioritizing customer expansion and retention initiatives, which involve delivering exceptional customer service, robust support, and continuous training, WiseTech can bolster relationships with current clients and attract new ones. Satisfied customers are not only inclined to endorse WiseTech's offerings but also play a pivotal role in driving organic growth for the company.
WiseTech Global Risks and Challenges
In recent years, WiseTech Global has finalized several strategic acquisitions, involving product development and customer transition to their CargoWise platform. However, there's a risk that customers may not transition smoothly or may require more financial and management resources or time than anticipated. Additionally, there's a possibility that the acquisitions may not yield the expected benefits or sufficient returns on investment.
WiseTech Global Ecosystem, Partners, Resellers and SI
In February 2024, WiseTech Global and Avianca Cargo unveiled direct data integration, empowering freight forwarders to seamlessly plan, book, confirm, and oversee shipments in real-time within CargoWise. Through the CargoWise Carrier Connectivity Program, customers, including 24 of the world's largest freight forwarders, gain immediate access to Avianca Cargo's schedules, capacity, and booking, streamlining the entire shipment lifecycle until the digital transmission of the Master Air Waybill, all within the CargoWise platform.
CargoWise offers all-in-one global logistics solutions with its extensive integration capabilities.
WiseTech Global Cloud Infrastructure Insights
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- WiseTech Global Public Cloud and Infrastructure (IaaS)
- WiseTech Global Platform (PaaS)
- WiseTech Global Application Delivery
- WiseTech Global Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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