Shipsy Expands Portfolio with Acquisition of Stockone
- ByStartupStory | October 27, 2023
Shipsy, a prominent Logistics Software as a Service (SaaS) provider, has taken a significant step forward by acquiring Stockone, a cloud-based Warehouse Management System (WMS) and inventory management solution provider. This strategic move underscores Shipsy’s unwavering commitment to enhancing its product portfolio and delivering a comprehensive logistics technology platform for a wide range of enterprise customers.
The newly extended product suite will bring forth an all-encompassing logistics management experience, spanning transportation, warehouse management, and fulfilment. This integration empowers businesses to streamline logistics costs, enhance customer experiences, and automate operations, all within a unified platform.
Soham Chokshi, CEO and Co-Founder of Shipsy, shared, “With more than 220 enterprise customers, Shipsy processes around 150 million shipments monthly and tracks 650,000+ containers every month, and the recent addition of the new WMS and inventory management capabilities comes as a strategic extension to the existing product suite capabilities, perfectly complementing Shipsy’s core offerings. It strategically aligns with our vision to provide scalable, efficient, and automated end-to-end logistics management solutions to our customers, covering warehousing, transportation, order fulfilment, and operational management.”
Rajan Ekambaram, CEO and Co-Founder of Stockone, emphasized the value this partnership brings: “Combining WMS, TMS, and end-to-end supply chain execution capabilities ensures seamless experiences and creates significant value for enterprise customers. We aim to optimize costs, improve service levels, and automate operations for businesses.”
This acquisition solidifies Shipsy’s leadership in the logistics technology arena, setting the stage for optimizing operations in the ever-evolving landscape of modern commerce. It also aligns with the global trend toward eco-friendly and efficient logistics solutions, allowing businesses to meet the demands of customers prioritizing sustainability and operational efficiency.
The future is promising for Shipsy as it embarks on plans to seamlessly integrate warehousing capabilities into its existing platform. This strategic move positions Shipsy as a comprehensive logistics solution provider, empowering enterprises to make data-driven, intelligent decisions.
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