We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Descartes pays $11.25 million to acquire parcel-tracking technology provider
newsworthy

Descartes pays $11.25 million to acquire parcel-tracking technology provider

June 2, 2017
DC Velocity Staff
No Comments

Logistics technology provider Descartes Systems Group Inc. will acquire software vendor PCSTrac Inc. for $11.25 million, adding improved pool distribution and carton-level tracking tools to its growing menu of supply chain software products for managing omnichannel distribution, Descartes said today.

Philadelphia-based PCSTrac helps specialty retailers and their logistics service providers (LSPs) collaborate to improve carton-level visibility for shipments from distribution centers to stores, Descartes said. That visibility can provide insight into the store replenishment supply chain, helping increase sales, enhance loss prevention, and improve inventory control.

The purchase reinforces technology from Descartes' 2015 acquisition of BearWare Inc., Descartes said. Both PCSTrac and BearWare make software tools that help users support pool distribution, a supply chain strategy that can allow retailers to reduce logistics costs and minimize store disruptions by eliminating unconsolidated direct shipments from their suppliers' DCs. Waterloo, Ont.-based Descartes paid $11.25 million for BearWare, whose client list at that time included major retailers such as Restoration Hardware Inc., General Nutrition Centers Inc. (GNC), Aeropostale Inc., American Eagle Outfitters, and Ralph Lauren Media LLC.

Descartes has been on a roll in recent years, acquiring an array of mid-sized logistics software firms including e-commerce parcel-shipping platform provider ShipRush, which it purchased last month for approximately $17 million. Previously, Descartes in 2016 bought international-trade data provider Datamyne Inc. for $52.7 million, data exchange platform supplier Appterra for an estimated $5.8 million, and Pixi Software GmbH of Germany for $10.4 million, as well as four other logistics software companies in 2015.

After the deal closes, PCSTrac and BearWare will both be folded into Descartes' Global Logistics Network (GLN), a collaborative web of logistics firms that pool their standards and resources to facilitate global shipping and compliance through electronic data exchange.

"Although store sales still represent the majority of revenues for specialty retailers, the continued rise in e-commerce and omnichannel retailing put more pressure on retailers to find new ways to compete and meet the ever-increasing expectations of the consumer," Ken Wood, Descartes' executive vice president of product management, said in a release. "Part of the challenge is to make sure you have the right goods, in the right location, at the right time, and for the lowest cost. Having forward-deployed inventory and affordable last-mile store fulfillment infrastructure is an effective way to meet these expectations, and also sets the stage for last-mile customer fulfillment for home delivery."

Technology
KEYWORDS Appterra BearWare Descartes Datamyne Descartes Systems Group Inc. PCSTrac Pixi Software ShipRush
  • Related Articles

    Descartes pays $11.25 million for BearWare Inc.

    Descartes pays $12 million to acquire British digital freight platform vendor

    Descartes pays $14 million for e-commerce fulfillment firm ShipRush

Recent Articles by DC Velocity Staff

FedEx Ground leader will retire in July after eight year stay

U.S. Xpress makes “significant investment” in self-driving tech vendor

Truckload carrier predicts challenging year ahead for industry

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • Biden names dozens of senior leaders to DOT, including FMCSA and FRA

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

Sick agv demo thumbnail

Optimize Load Handling Tasks with Industrial Mobile Robots

DCV-TV 4: Viewer Contributed
Intelligent sensors detect the presence of goods, check for empty shelves, or the correct alignment on the mobile platform towards the freight. The solutions range from simple detection sensors, thorough measuring devices, and 2D LiDAR sensors.

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing