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Home » Descartes Acquires BearWare, MK Data Services

Descartes Acquires BearWare, MK Data Services

Global_Trade_Management_07.gif
July 29, 2015
Descartes Systems Group

The company has purchased BearWare, Inc., a U.S.-based provider of mobile systems for improving collaboration between retailers and logistics service providers. BearWare's mobile technology scans cartons at each point, from distribution center to the storefront. It also supports pool distribution, helping to minimize store disruptions caused by unconsolidated direct shipments from suppliers and retailer distribution centers. Cash purchase price of the deal was $11.25m. Descartes also announced the acquisition of MK Data Services LLC, a U.S.-based provider of denied-party screening trade data and software. MK Data's technology screens shipments against a comprehensive, frequently updated international database of restricted parties. It uses proprietary matching algorithms, the sensitivity of which can be adjusted by customers in line with their individual risk concerns, to flag potential compliance issues. MK Data's content supports global trade management systems, and can also be integrated with customer relationship management and enterprise resource planning applications. The purchase price for the MK Data acquisition was approximately $76.3m in cash, plus the assumption of some $7.2m of continent and other cash payment liabilities.

BearWare

MK Data Services

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Technology Canada Global Trade Management SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain Visibility Consumer Packaged Goods High-Tech/Electronics Retail Transportation & Distribution
KEYWORDS Canada consumer packaged goods Descartes Systems Group EDI Communication (XML/EDI) global trade compliance Global Trade Management High-Tech/Electronics international trade mobile supply chain Retail retail supply chain SC Planning & Optimization Sourcing Solutions Sourcing/Procurement/SCM supply chain Supply Chain Management supply chain management: canada Supply Chain Visibility Technology Transportation & Distribution
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