Four Soft in deal with TNT Freight Mgmt

Hyderabad-based logistics and transportation software company Four Soft announced on Tuesday that it had bagged a contract to provide business intelligence software for the $6.5-billion global logistics giant TNT Express.

This is the first major deal that Four Soft, which is already the largest supplier of software solutions to the global logistics industry, has struck with TNT.

The company, which had posted a 274-per cent increase in its consolidated revenues at Rs 58 crore during the first three quarters of this year, already supplies products to DHL and Kuehne & Nagle.

Company officials said the initial deal is estimated at $100,000-150,000, but is likely to have a long-term impact on the company's revenues, as it operates on a per-user license-fee model. "It is a web-based solution, which will be used by the management for collecting information from a variety of databases across the company," said an executive.