Descartes acquires Datamyne to expand its content solutions
Dec 30, 2016: Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), has acquired Datamyne, a leading provider of cloud-based trade data content solutions for customers to analyse import and export trade activity.
Datamyne, primarily operating in the US and South America, collects, cleanses and commercialises logistics trade data from over 50 nations across 5 continents, including key markets in North America, Latin America, Asia, Africa, and the European Union. More than 100 million records are gathered each year from official filings with customs authorities and trade ministries.
Subscribers use Datamyne's web?based solutions and business intelligence tools to augment, speed up and simplify trade data research, and to shape global marketing, prospecting, and sourcing strategies.
"Datamyne is the market leader for logistics trade data with extensive geographic coverage, deep content domain expertise, and proven applications that provide a powerful and intuitive user experience," said Brendan McCahill, CEO of Datamyne and now SVP of Trade Data content solutions at Descartes.
"Many Datamyne customers who use our solutions to make informed decisions about sourcing and shipping activity also use Descartes' Global Logistics Network to manage and execute the resulting shipments. Datamyne and Descartes are a natural combination that can bring positive benefits to our respective customers, and creates a truly differentiated offering in the market."
Nearly 3,000 Datamyne customers will now join the world's largest, collaborative multimodal logistics community and have access to a wider set of solutions via Descartes' Global Logistics Network.
"Datamyne broadens our trade data content footprint beyond customs and regulatory data and into logistics trade data," said Edward J Ryan, Descartes' CEO.
"This enables Descartes' customers to make even better decisions using the Global Logistics Network, and gives Datamyne customers access to the leading platform for shipment execution."
The purchase price for the acquisition was approximately $52.7 million in cash.