CHICAGO, Sept 28 (Bernama-GLOBE NEWSWIRE) — Leading supply chain visibility company FourKites today announced a $10M investment from Mitsui & Co., Ltd. to expand FourKites’ offerings across the APAC region. This investment encompasses the first phase in an ongoing strategic relationship between FourKites and Mitsui, which the two companies intend to formalize by the end of the year.
Mitsui’s investment in FourKites is the culmination of a yearlong effort between the two companies, which included Mitsui’s extensive due diligence of the supply chain visibility landscape. Given FourKites’ market-leading offerings and proven track record in the region, Mitsui is planning to invest significant resources to expand FourKites’ coverage in APAC, including sales, customer service, operations and product localization, which will result in a hyper-localized solution for the APAC market. The strategic partnership will initially focus on Japan, with plans to jointly expand throughout APAC.