UTI Venture picks stake in FourSoft

 The Andhra Pradesh Industrial Development Corporation (APIDC), the other investor, had made a Rs 1 crore investment in the pre-IPO private equity funding.

 Four Soft provides software products and enterprise solutions for logistics, transportation and supply-chain process management. It has two products - eSupply-SP and eSupply-EP.

 While eSupply-SP is a complete end-to-end enterprise resource planning (ERP) tool for transportation, logistics and 3PL companies, eSupply-EP enhances efficiencies of supply-chain process management of manufacturing and distribution businesses.

 The company achieved a profit after tax of Rs 4.16 crores for the half-year ended September 30, as per the un-audited results that have been announced.

 Palem Srikanth, the managing director of Four Soft, said in a press release that,