Descartes Systems Group acquires ShipRush

“ShipRush services help e-commerce small and medium businesses and omnichannel retailers execute parcel shipments for last-mile delivery to customers,” Descartes said in a statement.    Logistics and supply chain technology firm Descartes Systems Group has acquired ShipRush, a provider of e-commerce multi-carrier parcel shipping solutions for small-to medium-sized businesses (SMBs), the company said in a statement.
   “ShipRush helps e-commerce SMBs and omni-channel retailers execute parcel shipments for last-mile delivery to customers,” Descartes said of the deal. “With integrations to over 60 business systems, including leading ERP, e-commerce and supply chain platforms, the ShipRush platform helps customers to streamline their supply chain and reduce transportation costs by automatically importing orders, comparing carrier rates, printing shipping labels for all major carriers, and tracking through final delivery,” said Descartes.
    Headquartered in Waterloo, Ontario, Descartes acquired  Seattle, Wash.-based ShipRush for approximately $14 million in cash, plus potential performance-based consideration. The maximum amount payable under the all-cash, performance-based earn-out is $3 million, based on ShipRush achieving revenue-based targets in each of the first two years following the acquisition.
   “As consumer and business-to-business buying patterns evolve, the parcel shipping market continues to grow in size and importance,” said Ken Wood, executive vice president of product management at Descartes. “Without a comprehensive omni-channel strategy that includes advanced parcel shipping capabilities, e-commerce retailers and SMBs alike can be left with escalating costs and poor delivery execution that can impact customer satisfaction. ShipRush’s solutions help address this problem with tools to integrate with front-end commerce systems and parcel shipping providers for seamless package labelling, rating, tracking and postage processing.”