WiseTech Global agrees to buy supply chain risk intelligence firm FRDM.ai for USD 10 million upfront

Reuters2026/07/21 23:09

By:Reuters

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WiseTech Global agreed to acquire FRDM.ai, an AI-powered supply chain risk and compliance intelligence platform.
Upfront consideration set at USD 10 million in cash and WTC shares.
All-cash earn-outs capped at USD 14.31 million.
Closing expected on Aug. 3, 2026, subject to customary conditions.
Deal aimed at accelerating VerifyWise, expanding from transaction screening to multi-tier supplier verification and continuous monitoring.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WiseTech Global Ltd. published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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WiseTech Global agrees to buy supply chain risk intelligence firm FRDM.ai for USD 10 million upfront

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