- THE MAGAZINE
Descartes Systems Group has acquired Compudata, a provider of B2B supply chain integration and e-invoicing solutions in Switzerland.
Compudata’s network (B2BNet) serves a diverse community of trading partners, helping them connect, collaborate and seamlessly exchange electronic data. Compudata also provides e-invoicing and e-archiving functionality essential in international trade and transportation transactions.
“Descartes is establishing itself as the global network for communities collaborating on logistics and supply chain processes. The addition of Compudata’s solutions and community to our Logistics Technology Platform is another important step on this journey, and it further strengthens our global market leadership position,” said Edward J. Ryan, Descartes’ CEO. “Our customers now have access to a broader scale and scope of document-critical functionalities that are key to moving goods. This can help them link critical elements and information in the supply chain, increase data accuracy and make the flow of goods more efficient.”
Compudata brings more than 500 customers to Descartes’ Global Logistic Network, with the majority of these in Switzerland. Compudata’s wider community includes a significant number of retailers and suppliers that will now join Descartes’ logistics community.
Compudata is headquartered in Murten, Switzerland. The all cash purchase price for the acquisition was CHF 16.0 million (approximately USD $17.9 million at Dec. 20, 2013).
In the UK
Descartes has also acquired Impatex Freight Software Limited, a provider of electronic customs filing and freight forwarding solutions in the UK.
Impatex brings more than 200 freight forwarder customers to Descartes’ Global Logistic Network, with the majority of these in the UK. By combining Impatex’s UK customs and forwarding solutions with Descartes’ global community of logistics participants and logistics management solutions, customers now have a single partner to help them manage their shipments across the globe.
The European 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 look to technology partners, like Descartes and Impatex, to manage this complex environment. Freight forwarding operations are also faced with similar business and regulatory challenges at a local level. Freight forwarding technology solutions address those local challenges to allow users to operate efficiently and with a high degree of confidence.
“Impatex has been developing its feature-rich, UK customs compliance platform in a transaction-based revenue business model for more than 20 years,” said Edward J. Ryan, Descartes’ CEO. “Impatex strengthens Descartes’ Customs and Regulatory Compliance platform with additional functionality and a broader set of services for the UK market. In addition, Impatex’s NetFreight forwarding application provides an agile operations platform for smaller forwarders to address local needs while extending their business reach and efficiency through integration with Descartes’ Global Logistics Network.”
Impatex is headquartered in Cadnam, UK. The all cash purchase price for the acquisition was GBP 5.1 million (approximately USD $8.3 million at Dec. 20, 2013).