In line with this strategy, WiseTech recently completed the acquisition of the largest freight forwarding software provider in China, which integrates with its existing global customer base of domestics and international logistics providers. With a renowned global technology investor such as Fidelity Worldwide Investment and a smart local firm like Smallco by our side, plus the Westpac facility, we strengthen the ability to drive the company forward, expand our global footprint, and complement our already strong organic growth.
This funding also allows us to further increase investment in our market leading supply chain execution platform, CargoWise One, by deepening our coverage of the many areas of the world that require complex compliance and localisation. WiseTech was advised by Scott Colvin of blackpeak capital and Clayton Utz in relation to the fund raisings.
WiseTech Global is an innovative, multi-award winning global developer of cloud-based software solutions for the international and domestic logistics industries. The company's leading product, CargoWise One, provides the most sophisticated and comprehensive end-to-end logistics solution in the world and forms an integral link in the global supply chain. Daniel Munoz. I'm very keen on adding shareholder value. Smallco managing director Rob Hopkins said it was a big price.
However he, like a bunch of other fund managers from both Australia and offshore, bought shares at the float, topping up his stake after first buying in during a private raising last year. He has a massive team of people doing software design and he has been doing that for a long time building this and a few more logistics software tools. However, he said he was particularly pleased about the strong response from retail stockbrokers and their retail clients, who showed they were keen to embrace the country's innovation push.
Me, four other staff and my Mastercard. And all of what we did was hard work and passion and we've ended up in a very cool place and it's just the beginning of the journey, really. For WiseTech's investors, it is all about growth and innovation. Mr White said growth would come from his company's resolute commitment to innovation, its extremely high customer retention rate, its customers own growth, winning new business and acquisitions.
He said big global logistics companies were increasingly relying on software providers such as WiseTech, rather than building their own operating systems. You have to approach it consistently and over a very long time doing clever, innovative, high quality things.
And you have to develop the DNA of a company. Mr Hopkins said WiseTech had outsmarted its competitors by acquiring businesses and quickly integrating them on to its CargoWise One software.
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WiseTech is a supplier of technology to logistics companies. The company offered stock on April 11, in its IPO at A$ a share and raised about $ supply chain execution platform CargoWise One, has announced it has raised a total of $80M in funding to accelerate growth ahead of its planned IPO. The retail offer is set to open March 29, and early trading is scheduled for April According to the prospectus, WiseTech plans to issue up.