{"id":54080,"date":"2022-01-18T08:04:24","date_gmt":"2022-01-18T08:04:24","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=85396"},"modified":"2022-01-18T08:04:24","modified_gmt":"2022-01-18T08:04:24","slug":"fourkites-acquires-european-supply-chain-visibility-leader-nic-place","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/fourkites-acquires-european-supply-chain-visibility-leader-nic-place\/","title":{"rendered":"FourKites Acquires European Supply Chain Visibility Leader NIC-place"},"content":{"rendered":"
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The acquisition creates the largest multimodal carrier network in Europe and accelerates adoption of software solutions specifically designed for carriers and logistics service providers<\/h4>\n
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FourKites Acquires European Supply Chain Visibility Leader NIC-place<\/h5>\n<\/div>\n
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The acquisition creates the largest multimodal carrier network in Europe and accelerates adoption of software solutions specifically designed for carriers and logistics service providers<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

CHICAGO, Jan. 18, 2022 (GLOBE NEWSWIRE) — FourKites<\/u><\/a>, provider of the world\u2019s #1 real-time supply chain visibility platform<\/u><\/a>, announced that it has acquired leading European supply chain visibility provider NIC GmbH (NIC-place)<\/u><\/a>. The combined over-the-road, rail and ocean carrier networks of FourKites and NIC-place will create the largest multimodal carrier network in Europe, ready to serve global shippers with the most comprehensive end-to-end global supply chain visibility platform. The acquisition will also accelerate the adoption of secure real-time visibility solutions specifically designed for carriers, while shortening the time to value for shippers with complex, multimodal carrier networks.<\/p>\n

NIC-place is the market leader in supply chain visibility software solutions specifically designed for transport companies, carriers and logistics service providers. With its proprietary Data Control Center (DCC), NIC-place provides a flexible and secure way for carriers to share supply chain data with customers, while giving them complete control of their business, their network and their data. Founded in 2016 and headquartered in Germany, thousands of companies such as Kuehne+Nagel, H.Essers, Unterer, Quehenberger and Frigotrans rely on NIC-place to track and monitor millions of shipments every year.<\/p>\n

\u201cWe are thrilled to join forces with FourKites, the pioneer and market leader in real-time supply chain transport visibility, and the pace-setter for innovation and end-to-end multimodal coverage,\u201d said Pete Jendras, Founder and Managing Director of NIC-place. \u201cFourKites shares our vision for prioritizing data security and integrity, and empowering carriers to collaborate easily with their supply chain partners. We look forward to extending the combined benefit of NIC-place\u2019s leading carrier solutions with the largest global real-time visibility network in the world.\u201d<\/p>\n

As a FourKites company, NIC-place will remain focused on carrier-specific solutions, while leveraging FourKites\u2019 leading shipper network, global scale and R&D engine to accelerate the pace of innovation. The companies will maintain the NIC-place name and will maintain the NIC-place offices in Germany from which to expand its team and operations.<\/p>\n

\u201cNIC-place boasts the only carrier-focused visibility solution on the market; the most advanced rail tracking features in Europe; and unmatched expertise in high-value and temperature-controlled shipments,\u201d said FourKites founder and CEO Mathew Elenjickal. \u201cThis acquisition creates a powerhouse of carrier- and shipper-focused expertise that accelerates end-to-end visibility and the delivery of new solutions tailor-made for our customers\u2019 unique requirements.\u201d<\/p>\n

The acquisition will help accelerate much-needed supply chain visibility across Europe. According to a recent research report on the state of European supply chains<\/u><\/a> by Reuters and FourKites, 78% of European companies indicated that end-to-end freight traceability was their biggest supply chain pain point.<\/p>\n

NIC-place\u2019s advanced capabilities:<\/strong><\/p>\n