Descartes Systems partners with SAP for transportation software development Descartes Systems (DSGX) has signed a software development cooperation agreement with SAP (SAP). The partnership creates a logistics message exchange between Descartes' cloud-based Global Logistics Network and the SAP Transportation Management application. The partnership is designed to provide end-to-end shipment visibility and control across the logistics network and help ensure that the supporting customs security and fiscal filings are executed.
Descartes Systems acquires MK Data Services for $76.3M Descartes Systems Group announced that it has acquired MK Data Services. MK Data is headquartered in Columbia, Maryland. The purchase price for the acquisition was approximately $76.3M in cash plus the assumption of approximately $7.2M of contingent and other cash payment liabilities. Descartes intends to provide further information relating to the acquisition in its public conference call relating to its Q2 of FY16 financial results, currently anticipated to be in early September. The acquisition is not expected to contribute materially to Descartes' revenues or Adjusted EBITDA for Q2 of FY16.