Strengthens Shipment Management Capabilities on the Global Logistics Network
Supply Vision has a long history of helping LSPs digitize their operations and manage the lifecycle of shipments. Headquartered in the US, the company provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery. The Supply Vision platform also integrates with real-time visibility solutions, such as Descartes MacroPoint™, to provide LSPs and their end customers with enhanced information about shipment status and location.
“The momentum for digitization in the LSP community continues to accelerate,” said
“The Supply Vision acquisition complements our recent investments in QuestaWeb, Kontainers and Portrix, as we look to broaden our footprint for LSPs,” said Edward J Ryan, Descartes’ CEO. “We’re looking forward to working with the Supply Vision customers, partners and team of domain experts to continue to help LSPs digitize their operations and manage the lifecycle of shipments in a secure, efficient and sustainable manner.”
Supply Vision is headquartered in
About
Descartes (Nasdaq:DSGX) (TSX:DSG) 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. 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; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in
Global Investor Contact
+1-519-746-6114 x202358
investor@descartes.com
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of Supply Vision and its solution offerings; the potential to provide customers with shipment lifecycle management solutions; the potential to combine Supply Vision’s solution offerings with other products and services of Descartes’; other potential benefits derived from the acquisition and Supply Vision’s solution offerings; 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 expected future performance of the Supply Vision business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the
![](https://ml.globenewswire.com/media/ODk5OWI1ZmEtNGE2Mi00NDc2LTljY2UtZTI2ZDE4ZTI1Y2ZkLTEwMzA3NjQ=/tiny/The-Descartes-Systems-Group-In.png)
© OMX, source