WiseTech Global has acquired Bolero.net Limited, a provider of electronic bills of lading (eBL) and digital documentation.
Richard White, founder and CEO of WiseTech Global, said: “As the logistics industry continues to move towards digitalisation, the need for paperless solutions that provide end-to-end fulfillment and visibility is critical. We see tremendous synergy in combining Bolero’s capabilities into the CargoWise ecosystem, creating seamless end-to-end digital workflows. The knowledge and technology stack of the Bolero team will be connected directly into the CargoWise ecosystem to deliver benefits to existing CargoWise customers by providing leading eBL, digital documentation workflows and digital connectivity to banking and settlement services.
“Our shared commitment to developing digital capabilities that enable and enable global commerce means that together we will continue to provide our customers with solutions to meet the future needs of the industry.” We are thrilled to welcome Bolero to our global WiseTech team.”
Andrew Raymond, CEO of Bolero, said: “Joining the WiseTech Global group is a natural progression for our business and a huge step forward towards fully digital supply chain documentation, facilitating safer, smarter and faster global trade . Bolero has a proven track record with importers, exporters, ocean carriers, major banks and port terminals. We are excited about the opportunity to enhance the leading CargoWise ecosystem and provide some of the world’s largest logistics service providers and carriers with digital documentation solutions. We remain committed to our long-standing customers and partners and continue to improve our solutions with WiseTech’s product development and innovation power.”
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