Trade data technology provider Datamyne has been acquired by logistics and customs software maker Descartes in a $52.7 million deal intended to help Descartes’ customers make more informed supply chain decisions.
Logistics and trade software provider Descartes continued its acquisition spree and push to provide access to more data to members of its Global Logistics Network.
Ontario, Canada-based Descartes acquired Miami-based trade data provider Datamyne for $52.7 million on Friday.
Datamyne aggregates trade data from more than 50 countries on five continents by gathering records from customs authorities and trade ministries. The company then presents the data using searchable online tools.
The move is designed to allow users of Descartes global logistics software – which includes modules for everything from transportation, inventory and warehouse management to customs documentation – to integrate trade data directly into supply chain decision-making processes.
Datamyne CEO Brendan McCahill, now senior vice president of trade data content solutions at Descartes, said, “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.”
A little more than a year ago, Datamyne made a major acquisition of its own, buying competitor Zepol Corp. to consolidate its position in the trade data landscape.
The company’s primary competitors in that space are PIERS and Import Genius.
For Descartes, CEO Edward Ryan said Datamyne complements its existing solutions as it “broadens our trade data content footprint beyond customs and regulatory data and into logistics trade data.”
Ryan also said the Datamyne acquisition gives the data firm’s customers seamless access to Descartes’ shipment execution solutions.
The company is clearly emphasizing the importance of data to supply chains – in October, Descartes acquired B2B supply chain integration specialist Apterra.
Descartes has been aggressively acquisitive in the last few years, seeking to grow its network of users by adding complementary pieces to its core solutions.
Christmas comes early for Datamyne
