Descartes Systems Group announced that it has signed a software development cooperation agreement with SAP SE. (image: Public Domain)
WATERLOO, Ontario, Jul. 29 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced that it has signed a software development cooperation agreement with SAP SE (NYSE:SAP). The partnership provides customers with an end-to-end business-content network for logistics collaboration and connectivity by creating a logistics message exchange between Descartes’ cloud-based Global Logistics Network (GLN) and the SAP® Transportation Management (SAP TM) application.
Since global transportation management is a multi-party process involving logistics services providers, carriers and governmental agencies, effective connectivity and collaboration are critical. Descartes’ partnership with SAP is designed to provide customers with end-to-end shipment visibility and control across the logistics network and help ensure that the supporting customs security and fiscal filings are executed for safer, more seamless and consistent logistics operations.
Descartes’ GLN is one of the world’s most extensive logistics electronic communications networks, connecting a global community of more than 220,000 parties in more than 160 countries. Designed for logistics operations, it takes into account the unique requirements of the different transportation modes and regional messaging standards critical to successful management of the inter-enterprise flow of data and documents that track and control shipments, inventory, assets and people in motion. In addition, Descartes’ GLN supports commercial, customs and product information messaging essential to global operations.
Also as part of the agreement, Descartes will provide GLN-based messaging and filing services for cross-border security filings such as ICS and ACE and transit, export and import declarations for forwarders and brokers. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility.
“We are pleased to be working with SAP to help customers gain better control of their logistics operations on a global and local basis,” said Edward J. Ryan, CEO of Descartes. “We have enjoyed our successful collaboration providing SAP customers with global trade data. This new relationship and our recent acquisition of denied party screening solutions provider, MK Data Services, offer us the opportunity to work together even more closely and in a more comprehensive way for customers’ betterment.”
“Across today’s complex global supply chains, the movement and sharing of data between logistics parties is as important as the physical movement of goods,” said Franz Hero, senior vice president, Supply Chain Management and Logistics at SAP. “We’re pleased that our partnership with Descartes enhances SAP TM with greater trading-partner connectivity options that deliver more comprehensive, timely and accurate logistics information required for driving operational excellence.”
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. Descartes has over 220,000 connected parties using its cloud-based services. 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.
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.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.
All other product and service names mentioned are the trademarks of their respective companies.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
CONTACT: Global Media Contact
Mavi Silveira
Tel: +1(800) 419-8495 ext. 202416
msilveira@descartes.com
Source: Descartes Systems Group via GLOBE NEWSWIRE
