Strengthens Supply Chain Messaging Capabilities on the Descartes Global Logistics Network™
WATERLOO, Ontario, Oct. 12, 2016 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global
leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Appterra, a leading US-based provider
of cloud-based business-to-business (“B2B”) supply chain integration solutions.
For over eight years, Appterra has helped its customers connect electronically, automate supply chain processes,
and enhance collaboration and visibility among global trading partners. Led by a team of domain experts that understand
supply chain business document processes and data compliance standards across a number of industry verticals, Appterra provides B2B
integration as a cloud service for its customers. Appterra’s solutions help manage and streamline a wide array of complex,
mission-critical documents found in typical procure-to-pay and order-to-cash processes.
“Our Global Logistics Network helps isolate customers from the complexities of different protocols, semantics
and end-user requirements for managing and transmitting electronic supply chain data and documents,” said Edward J Ryan, Descartes’
CEO. “By adding Appterra’s technology and services to our business, our customers will have access to broader data integration
capabilities for standardizing and automating buy-side and sell-side processes. Equally, Appterra’s customers will now join
Descartes’ logistics community, presenting additional opportunities for trading partners to collect and share logistics data
earlier in the business process.”
Descartes acquired Appterra for up-front consideration of $USD 5.8 million, plus potential performance-based
consideration. The maximum amount payable under the all-cash performance-based earn-out is $USD 1.6 million, based on
Appterra achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in
fiscal 2018 and fiscal 2019.
About Descartes
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 Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at
www.descartes.com.
About Appterra
For more information about Appterra visit https://appterra.com/.
Global Media Contact
Mavi Silveira
Tel: +1(800) 419-8495 ext. 202416
msilveira@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' solution offering and potential benefits derived therefrom; 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 factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed
with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada
including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could
materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our
common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information
about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be
appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or
circumstances on which any such statement is based, except as required by law.
