e-logistics firm ViaSafe bought by Descartes software company
WATERLOO, Ont. — Business software firm Descartes Systems Group has acquired Ottawa-based ViaSafe Inc., a private company that develops secure electronic logistics services for traders.
The acquisition broadens the regulatory and compliance services available through Descartes’ software, the company says. The technology is used by exporters, importers, trucking companies and others to deal with increasingly complex document exchanges under new international security initiatives and tightened borders.
Financial terms of the transaction were not revealed.
ViaSafe aims to help customers move goods across borders more quickly and less expensively, thereby turning these new requirements into a competitive advantage, Descartes said in a release.
“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, CEO of Descartes.
Wael Aggan, CEO of ViaSafe, will become a senior vice-president at Descartes after the takeover.
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