Record Number of Connections Reflects Descartes' Mission to Accelerate Time-to-Value for Its
Customers by Building the Most Valuable Global Business Network
SAN DIEGO, Sept. 28, 2010 (GLOBE NEWSWIRE) - CSCMP Global Conference - Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) hit a milestone of 35,000 connections on its federated Global Logistics Network (the "GLN"). Descartes' GLN is a cloud-based technology platform comprised of a dense trading network and application services, used by organizations seeking to optimize their operations. Companies that connect to Descartes' GLN are able to collaborate with their trading partners using one technology platform, significantly reducing operational costs and accelerating time-to-value.
Building a global business network to accelerate time-to-value for Descartes' customers
Descartes' strategy is focused on uniting trading partners and connecting them through one federated network, allowing for easy communication, collaboration and access to application services. Descartes' GLN is the technology platform that enables organizations and global trading partners to connect and collaborate in a secure and reliable way. Last month, Descartes hit a milestone of 35,000 connections on its GLN.
"Logistics is one of the most vital elements of global business. Uniting 35,000 trading partners is a significant milestone in our ongoing effort and mission to improve performance and sustainability of the logistic operations of our customers," said Arthur Mesher, CEO of Descartes. "We continue to standardize processes across the pre-connected network of partners to enable customers to immediately deploy improvements in business operations."
Descartes is committed to building the most valuable global business network to run, improve and simplify logistic processes, by
- federating with other networks through cloud-based technology;
- offering a uniform approach to connecting, communicating and collaborating; and
- providing accessibility to content and services to manage these processes.
Descartes' federated network GLN at the heart of Descartes' services and the inherent infrastructure of commerce
"In the current globalized economy, logistics can be considered as the backbone of global commercial activities," said Arthur Mesher, CEO of Descartes. "Logistics is not only crucial, but also facing numerous challenges to all partners of the supply chain to increase overall performance."
Descartes' GLN is one of the world's most extensive multi-modal business application networks that exploit a range of over 50 value-added services that span the entire "book to bill" process, from freight bookings to multi-modal trade compliancy filings and archiving to fleet management and more. Connecting over 35,000 trading partners globally, the GLN has become an inherent infrastructure for commerce. The GLN trading partners, including ground carriers, airlines, ocean carriers, retailers, distributors, manufacturers, third-party logistics providers, customs brokers and regulatory agencies, are connected and able to communicate and collaborate with one connection, using one platform. Furthermore, the GLN currently interconnects with the over 20 other business networks of Descartes' United by Design partners.
For more information, you can visit Descartes at Booth number 0606 at the Council of Supply Chain Management Professionals and Supply Chain of the Future in San Diego, CA from September 26 to 29, 2010.
Descartes (TSX:DSG) (Nasdaq:DSGX) is making the world a better place by enabling global organizations with logistics-intensive businesses to save money by improving the productivity and performance of their operations. Underlying Descartes' offerings is the Descartes Global Logistics Network (GLN), one of the world's most extensive multi-modal business application networks with 35,000 trading partners currently connected. Descartes' regulatory & trade compliance, supply chain execution and mobile resource management solutions provide messaging services between logistics trading partners, shipment management services to help manage third party carriers, global customs filing and compliance services to meet regulatory requirements and private fleet management services for organizations of all sizes. The hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes has over 6,800 customers including ground carriers, airlines, ocean carriers, freight forwarders, third-party providers of logistics services customs house brokers, freight payment agencies, manufacturers, retailers, distributors, mobile services providers and regulatory agencies. The company has more than 650 employees and is based in Waterloo, Ontario, with operations in Amsterdam, Atlanta, Copenhagen, Eindhoven, Gent, Lier, Namestovo, Pittsburgh, Ottawa, Montreal, Miami, Washington DC, Silver Spring, Stockholm, Suzhou, Shanghai, Tokyo, Toronto, and Zilina. For more information, visit www.descartes.com .
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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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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.
CONTACT: Descartes Systems Group Nicole German 1-416-741-2838 ext. 298 [email protected]
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