CargoWise, which supplies technology solutions for logistics service providers – both here in New Zealand and globally – has seen year-on-year revenue growth of 63% in the last 12 months, while growing its customer base by 33%.
CargoWise says the growth occurred against a backdrop of economic downturn, and it will be continuing the investment in research and development which resulted in an innovative cloud based software solution, launched in March 2011.
This enables customers to improve productivity and manage cash flow by removing the upfront costs and risks associated with traditional software models.
“CargoWise has continued to win an increasing amount of new business because of its cloud-hosted, on-demand, Enterprise class software. The easy and low cost entry point makes it possible for all customers to improve productivity, and reduces costs,” says Richard White, CargoWise CEO.
As a result of this expansion, CargoWise users now hold more than 90,000 licenses across a customer community of 4500 sites in over 85 countries. The company is signing approximately 35 new customers per month and sees itself as a reliable technology partner for long-term strategic projects.
“Our commercial success is a validation of our total commitment to a 15-20 year vision, and our capacity to deliver the highest quality logistics software available,” says White.
“The company has been growing very quickly despite a lacklustre global economy. We are very focused on investing, building and supporting our technology and flagship software, as well as expanding our passionate and innovative team of product development people.
“We’re working on making our software even easier to adopt by developing a comprehensive e-learning package that will be included at no additional cost.
“This will make it possible for companies to rapidly adopt our software by minimising the cost and complication usually associated with training and implementation.”
CargoWise software is now the foundation of the technological strategy behind some of the world’s largest global logistics operators including Senator International, with 1000 users in 15 countries; DSV, with 3500 users in 31 countries; and Geodis Wilson, which will ultimately have 5000 users in 50 countries, all operating on a single global database.
This is in addition to underpinning large scale strategic information technology projects such as the Yusen Navigation System, which has been in operation since 2010.
