Descartes Signs SuiteCloud Developer Network Agreement With NetSuite [IT]
Descartes Systems Group announced that it has signed a SuiteCloud Developer Network agreement with NetSuite, the industry's leading provider of cloud-based financials / ERP software suites. The integration of NetSuite's SuiteCloud and Descartes' Logistics Technology Platform is intended to enable customers to more effectively collaborate with their trading partners and carriers and improve their productivity and performance of their operations.
"Our Logistics Technology Platform fuses the world's most extensive multi-modal logistics network, the Global Logistics Network (GLN), with the industry's broadest array of modular and mobile, logistics management solutions," said Edward Ryan, Chief Commercial Officer at Descartes. "By working with NetSuite as part of our United by Design Partner Program, our customers can benefit from an extended ERP footprint. In turn, NetSuite customers can access advanced logistics solutions, including route planning and transportation management, helping them increase revenue, reduce costs and improve their customer service."
"The market for cloud-based business management solutions continues to grow. There is an increasing need to extend these applications beyond the enterprise to improve supply chain and logistics execution," said Guido Haarmans, Vice President Business Developer for Technology Partners at NetSuite. "Descartes' GLN, route planning and transportation management solutions and deep domain expertise can help our retail, distribution and manufacturing customers in managing their global and local inbound logistics and delivery operations."
Posted at 21:14 パーマリンク
Descartes Acquires Scandinavia-Based KSD Software [IT]
Descartes Systems Group acquired KSD Software Norway AS ("KSD"), a leading Scandinavia-based provider of electronic customs filing solutions for the European Union ("EU").
The EU customs compliance market is characterized by a complex framework of member states; each with different regulations, languages, and systems. Transportation carriers, logistics intermediaries and shippers have looked to technology partners, like Descartes and KSD, to help them manage this complexity.
"EU customs compliance is complex," said Svenn Widerberg, CEO of KSD. "Our focus is to make the process easier for customers so that they can instead focus on their core businesses. Like us, Descartes is focused on delivering results to customers, and this made a combination with Descartes a logical choice for our customers. We're thrilled that our customers will now have access to even more solutions and global logistics participants to help them become more efficient."
KSD brings more than 1,300 customers to Descartes' Global Logistic Network, with the majority of these companies based in Scandinavia. KSD provides its customers with customs declaration, security filing, transportation management and freight forwarding technology solutions. By combining KSD's leading EU customs solutions and Descartes' global community of logistics participants and shipment management solutions, customers now have a single trusted partner to help them manage their shipments across the globe.
"With approximately USD $10 million of annual recurring revenues that are core to our combined businesses, KSD adds scale for Descartes to serve the wider logistics community," said Edward Ryan, Chief Commercial Officer at Descartes. "Our Global Logistics Network customers can enhance their own logistics operations with access to KSD's broad Scandinavian community of logistics participants and EU compliance solutions. Similarly, we're excited to be able to introduce Descartes' shipment management portfolio to help KSD's customers be even more efficient and profitable in their logistics operations."
KSD is headquartered in Oslo, Norway, with offices in Sweden, Denmark and The Netherlands. The all cash purchase price for the acquisition was NOK 190 million (approximately USD $33 million at May 2, 2013), with Descartes acquiring approximately NOK 11.5 million in working capital (approximately USD $2 million at May 2, 2013). To complete the acquisition, Descartes used approximately USD $13 million of cash on hand and $20 million from an acquisition line of credit.
Posted at 17:39 パーマリンク
Japanese Government Agency Working With Descartes to Educate Ocean Carriers and Freight Forwarders [IT]
Descartes Systems Group announced that in conjunction with Nippon Automated Cargo and Port Consolidation System (NACCS) it has launched a number of education sessions around the world to help ocean carriers and forwarders prepare for the upcoming Japan Advanced Filing Requirement (AFR). NACCS is responsible for the operation of the AFR system for Japan's Customs and Tariff Bureau.
"With the Advance Filing Requirement, Japan is working to better secure its borders while improving the flow of goods into the country," said Robert Beauchemin, Executive Vice President Sales and Alliances at Descartes. "Descartes was the first service provider to register with NACCS, and we look forward to working closely with them to educate and enable ocean carriers and freight forwarders from around the world to comply with the new AFR cargo security mandate."
Education sessions have already been conducted in Hong Kong, Shanghai and Ningbo, China for almost 400 ocean carrier and forwarder representatives. In an effort to gain the widest reach globally, Descartes and NACCS will hold the following events:
• Webcast April 9th at 11am Eastern time
• Interviews with the major North American logistics publications
• Individual meetings with leading ocean carriers and forwarders April 9th ― 12th
• Port of Antwerp community hosted session April 16th at 2pm Central European time
• Port of Rotterdam community hosted session April 17th at 2pm Central European time
• Interviews with the major European logistics publications
• Individual meetings with leading ocean carriers and forwarders April 16th ― 18th
• China Market Readiness Educational Sessions
• Shenzhen April 16th
• Guangzhou April 17th
• Qingdao May 13th
• Tianjin May 15th
• Beijing May 16th
• Japan Market Readiness Educational Session
• Tokyo May 10th
Posted at 22:53 パーマリンク
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