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Descartes Acquires BoxTop Technologies
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited, a leading provider of shipment management solutions for small- to mid-sized logistics services providers. BoxTop is headquartered in Windsor, England. Descartes acquired BoxTop for approximately ÂŁ10.25 million ($US 13 million), satisfied from cash on hand.
Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop is an existing Descartes partner, leveraging the Descartes Global Logistics Network to help their clients gain visibility into shipments across multiple modes of transportation and to complete electronic customs filings.
Descartes Acquires ASD
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aerospace Software Developments (“ASD”), a leading provider of customs and regulatory compliance solutions.
Based in Ireland, ASD provides customs declaration software solutions for logistics services providers (“LSPs”) and shippers, as well as RFID solutions that help the air logistics community track assets. The company’s customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and LSPs comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. In addition, ASD’s RFID solutions help global airlines and ground handlers eliminate manual tasks and comply with various airline regulations more efficiently through the unique identification, tagging, and tracking of assets.
Descartes Acquires OCR
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired OCR Services, Inc. (“OCR”), a leading provider of global trade compliance solutions and content.
OCR specializes in solutions and content for export compliance and controlled commodities, helping customers streamline and automate processes around denied party screening, license procurement / management, and product classification. Their core platform, GlobalEASE, is used by blue-chip, multinational organizations around the world to stay current in a rapidly changing regulatory environment. Similar to Descartes, OCR monitors regulatory sources and updates their trade data content libraries daily. OCR’s controlled exports data expands Descartes’ extensive global trade content library for customers and partners, such as SAP and Oracle.