News / Magaya aims to disrupt freight software market with two 'bolt-on' acquisitions

Magaya Corporation, one of the top four logistics and supply chain software providers, has bought Qwyk, a cloud-based digital forwarding platform, and its partner SimpliShip, an API-based freight marketplace.

The acquisitions ’shore-up’ Magaya in the face of increasing competition.

Magaya competes with CargoWise, Descartes and BluJay – all of which have acquired a lengthy list of companies in their reach for growth.

According to Transport Intelligence’s Global Freight Forwarding 2021 report, WiseTech has bought some 46 companies since listing in 2016, while Descartes ...