The acquisition of Transaxiom provides software services for transportation and logistics providers would help expand Four Soft's presence in Scandinavia, Australia and Hong Kong, the company said.

"Now our customers will drive greater returns from enhanced global footprint, from Australia to Americas," Kal Gangavarapu, chief operating officer of the company, said in a statement.
The company said it would issue 17.7 lakh shares at Rs75 each to Transaxiom promoters Winning Alliance ApS, FH Holdings ApS and Paul Rene Larsen.

The payment would be made over the next three years based on the target company's performance, Four Soft said in a statement. The integration of the acquired company would begin next month.

Transaxiom's annualised revenues of its current operations would be around $8 million, the statement said.

Four Soft said it had secured an order worth Rs3.4 crore from Japan's Matsushita Electric Industrial Co.