The logistics Software as a Service (SaaS) provider Shipsy announced the acquisition of Stockone, a cloud-based Warehouse Management System (WMS) and inventory management solution provider, to expand its product portfolio.
“This strategic acquisition reinforces Shipsy’s commitment to delivering a comprehensive end-to-end logistics technology platform for diverse enterprise customers,” reads the release.
The extended product suite will provide a holistic logistics management experience, covering transportation, warehouse management, and fulfillment. This will empower businesses to optimise logistics costs, enhance customer experience, and automate operations via a single platform.
Soham Chokshi, CEO and co-founder of Shipsy, said, “With a substantial clientele of over 220 enterprise customers, Shipsy handles approximately 150 million monthly shipments, and tracks 650,000+ containers every month. The recent introduction of a new Warehouse
Management System (WMS) and inventory management capabilities represents a strategic expansion of our existing product suite that aligns well with Shipsy’s core offerings. The move further aligns with our long-term vision to provide scalable, efficient, and automated end-to-end logistics management solutions to our customers, covering warehousing, order fulfillment, and operational management”.
The acquisition of Stockone by Shipsy strengthens its leadership in the logistics technology space and paves the way for optimising operations in the ever-evolving world of modern commerce. This move resonates with the global shift toward sustainability and efficient logistics solutions, enabling businesses to cater to customers prioritising sustainability and operational excellence. This expansion in Shipsy’s product portfolio with the integration of warehousing capabilities positions it as a holistic logistics solution provider, enabling data-driven decisionmaking for enterprises across the entire supply chain.
