Descartes buys ViaSafe
Descartes Systems Group Inc. has acquired fellow Canadian supply chain software company ViaSafe Inc., for an undisclosed amount.
Descartes said the acquisition will broaden the scope of its software package Global Logistics Network to include ViaSafe’s ViaTrade product. ViaTrade assists carriers and logistics services providers, across all modes of transportation, to negotiate document exchange requirements.
“We’ve worked with ViaSafe over the past two years and have seen the value their cross-border and regulatory compliance services bring to members of the Descartes Global Logistics Network,” said Arthur Mesher, Descartes’ chief executive officer.
“ViaSafe and Descartes share a similar recurring revenue business model, profit discipline and vision for delivering value to customers. With this, it made sense to combine our companies to deliver enhanced value to Descartes’ shareholders and to our respective customers,” Mesher said.
“The next logical extension to comprehensively deliver value to our customers was to become part of a larger network that helps our customers successfully meet international transportation and logistics challenges,” said Wael Aggan, CEO of ViaSafe and now a senior vice president at Descartes.
Descartes buys ViaSafe
