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
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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 2022
    • Upload Your Video
Home » Tecsys buys OrderDynamics for $13.4 million
newsworthy

Tecsys buys OrderDynamics for $13.4 million

November 19, 2018
DC Velocity Staff
No Comments

Supply chain management software firm Tecsys Inc. has acquired OrderDynamics Corp., a provider of cloud-based order management software, for $13.4 million, saying the firms have complementary technology for meeting omnichannel fulfillment needs in an age of rising retailer and consumer expectations.

The combined software platforms will give third party logistics providers (3PLs) and retailers new pathways to succeed in today's competitive environment, Montreal-based Tecsys saidin a Nov. 14 announcement.

Based in Richmond Hill, Ont., OrderDynamics offers out-of-the-box distributed order management (DOM) software. That solution enables retail merchants and brand managers to optimize their inbound business-to-consumer (B2C) order channels, increasing retail sales, reducing operating costs, and improving shopper satisfaction in the process, according to Tecsys.

Tecsys' 3PL users have often requested that added functionality, since it will allow them to win new retail business by using DOM and dynamic e-fulfillment capabilities to provide the expedited shipments and 100 percent fulfillment rates that consumers increasingly demand, Tecsys said.

"[OrderDynamics] will be a highly valued part of our team with their depth of expertise in the B2C retail domain," Tecsys President and CEO Peter Brereton said in a release. "The powerful combination of our two companies will extend our reach into this fast-moving space and capitalize on our existing footprint in the key markets of North America, Europe, and Australia."

Technology
KEYWORDS OrderDynamics Tecsys
  • Related Articles

    French contract logistics powerhouse ID Logistics buys Florida firm for $15 million

    Private equity firm buys minority stake in Uber Freight for $500 million

    Descartes buys Swiss, U.K. firms for nearly $27 million cash

Recent Articles by DC Velocity Staff

APM Terminals to add capacity at Port of Mobile

Airfreight operators host “open house” for college students

Convenience stores hop on “curbside pickup” bandwagon

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

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

5480fb3e eabb 4d19 8c47 2e6c8724563d

“With Freight Rates More Stable, Why Do My Freight Costs Keep Going Up?”

DCV-TV 4: Viewer Contributed
Lately people have been asking me a pressing question: “Mike, if there’s a freight recession headed our way, shouldn’t we be seeing freight rates and our freight costs going down?”Ideally the answer to that question would just simply be “yes.” However, these are not simple times. Which is why the answer to this...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

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

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing