Four Soft has completed the sale of the business and investments in foreign subsidiaries. Earlier, the company’s board of directors at its meeting held on August 10, 2013 had approved for the same. The board also approved the sale of the company’s entire share holding in its relevant foreign subsidiaries. The transaction is subject to requisite approvals and satisfaction of certain conditions precedent. BMR Advisors acted as the exclusive financial advisors for the transaction. BMR Legal acted as the legal advisors to Four Soft.
The transaction for the business is valued at $22.5 million and the shares are valued at $20.9 million, making a total deal value of $43.4 million. This deal value is indicative of the synergy of the transaction and the inherent value of the business that the company has created over the last 13 years.
Four Soft is a global leader offering software solutions for the logistics and transportation industry. It provides innovative and integrated enterprise solutions ensuring customer satisfaction. Four Soft software engineers are providing solutions to enterprises across the SCM market place.