Descartes Acquires Infodis
GlobeNewswire 2012-06-04
Adds European Logistics Community and Transportation Management
Capabilities to Descartes' Logistics Technology Platform
WATERLOO, Ontario, June 4, 2012 (GLOBE NEWSWIRE) -- Descartes Systems
Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting
logistics-intensive businesses in commerce, acquired Infodis B.V., a
leading Netherlands-based provider of software-as-a-service (SaaS)
transportation management solutions.
Infodis provides a rich, functional transportation management
network-based solution that handles specific European logistics
requirements. The solution manages both inbound and outbound purchased
transportation for more than 5 million shipments per year to and from
Europe, with particular strength in Europe/Asia Pacific shipping.
"Logistics is a global business where local considerations play a key
role in the efficiency of logistics operations," said Edward Ryan,
Chief Commercial Officer at Descartes. "By combining with Infodis we
not only add critical European domain expertise and functionality to
our existing Transportation Management suite, we also welcome many
European and Asia Pacific carriers and shippers to our logistics
community."
Through the acquisition, more than 200 carriers in Europe and Asia, and
some of the world's leading high-tech companies, will be connected to
Descartes' Logistics Technology Platform, where more than 35,000
trading partners connect and collaborate to improve logistics
operations. By making Infodis' technology available on the Logistics
Technology Platform, Descartes customers can access a broader range of
European-focused transportation management capabilities as well as new
functionality, such as CO2 emission calculations.
"Descartes continues to look to combine with market leaders that share
a similar philosophy and culture of serving customers," said Arthur
Mesher, Descartes' Chairman and CEO. "Infodis, like Descartes, has been
successful in working with global category-leaders by focusing on
delivering customer results. We look forward to helping our collective
customers improve the productivity, performance and security of their
logistics operations."
Infodis is headquartered in Woerden, the Netherlands, and provides
international transportation management solutions to some of the
world's leading high-tech companies, including Philips, Sony, and
Canon. The all cash purchase price for the acquisition was EUR 3.0
million (approximately USD $3.7 million at June 4, 2012), with
Descartes acquiring approximately EUR 0.4 million in working capital
(approximately USD $0.5 million at June 4, 2012).
About Infodis
For more information about Infodis, visit www.infodis.nl.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is the global leader in providing
on-demand, software-as-a-service solutions focused on improving the
productivity, performance and security of logistics-intensive
businesses. Descartes' B2B network, the Global Logistics Network,
integrates more than 35,000 trading partners to our cloud-based
Logistics Technology Platform to unite their businesses in commerce.
Customers use our modular, software-as-a-service solutions to route,
schedule, track and measure delivery resources; plan, allocate and
execute shipments; rate, audit and pay transportation invoices; file
customs and security documents for imports and exports; and complete
numerous other logistics processes by participating in the world's
largest, collaborative multi-modal logistics community. Our
headquarters are in Waterloo, Ontario, Canada and we have offices and
partners around the world. Learn more at www.descartes.com.
The Descartes Systems Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4065
This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate
to Descartes' solution offering and potential benefits derived
therefrom; and other matters. Such forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements to
differ materially from the anticipated results, performance or
achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to, the factors and assumptions discussed in the section entitled,
"Certain Factors That May Affect Future Results" in documents filed
with the Securities and Exchange Commission, the Ontario Securities
Commission and other securities commissions across Canada. Readers are
cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. We do not undertake
or accept any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements to reflect any change in
our expectations or any change in events, conditions or circumstances
on which any such statement is based.
CONTACT: Descartes Investor Contact
Laurie McCauley
investor@descartes.com
(519) 746-6114 x 2358
|