Waterloo, Ontario - Tuesday, November 21, 2000, 7:01 AM EST - The Descartes Systems Group Inc., (NASDAQ:DSGX), (TSE:DSG), a leading provider of global Internet logistics solutions, and Katalyx (www.katalyx.com), a leading business-to-business (B2B) Net market maker for Latin America, Spain and Portugal, today announced that Descartes will serve as Katalyx's technology partner in the development of an electronic marketplace for the transportation industry in the Spanish and Portuguese-speaking markets.
Under the terms of the agreement, Katalyx has already begun employing Descartes' DeliveryNet solution to soon deliver state-of-the-art technology to shippers, carriers and providers of the transportation industry throughout Latin America, Spain, and Portugal, with a Web-based B2B marketplace offering value-added logistics and fulfillment services. Katalyx's transportation e-marketplace will allow users the opportunity to eliminate outdated business practices and essentially leapfrog into the New Economy - all without having to make a substantial investment in technology.
Through Katalyx's transportation e-marketplace, industry organizations can buy, sell and administer capacity online, increasing revenues and reducing costs as a result of improvements in load matching and automation of manual processes. Katalyx's transportation e-marketplace also enhances operational performance by allowing users to access a complete menu of cutting-edge tools easily, quickly and reliably. With increased buying power and access to real-time information, Katalyx's transportation e-marketplace also enables users to purchase direct goods at reduced prices.
Both Katalyx and Descartes offer shippers, carriers and providers of the transportation industry more efficient ways of doing business.
Katalyx was created to develop and operate leading B2B e-commerce initiatives in Latin America, Spain and Portugal. Backed by Telefonica S.A., Spain's foremost private-sector company and the leading telecommunications service provider in the Spanish- and Portuguese-speaking world, and Banco Bilbao Vizcaya Argentaria (BBVA), a leading financial institution in Latin America and Spain, Katalyx has joined forces with some of the largest corporations in the region to leverage their experience, relationships, credibility, and assets in the region, to create and lead horizontal (Katalyx Horizontal) and vertical (Katalyx Verticals) e-marketplaces and a portfolio of enablers (Katalyx Solutions). Katalyx will offer customers innovative and turnkey B2B e-commerce solutions through strategic alliances with leading B2B e-commerce industry and technology partners.
Katalyx has already begun to develop leading e-marketplaces across various industries and has currently undertaken the following initiatives: Katalyx Horizontal: Adquira (www.adquira.com); Katalyx Verticals: vertical e-marketplaces in the construction, hotel, food service, transportation, supermarket, agribusiness and health industries; and Katalyx Solutions: value-added services such as eCatalogs and content management systems, online financial platform and B2B ASP Service Provider. Katalyx currently employs over 400 professionals and is operating in the U.S., Argentina, Brazil, Mexico and Spain, with plans to rapidly expand to lead other Spanish- and Portuguese-speaking markets. For more information about Katalyx, visit www.katalyx.com.
Descartes is a leading provider of global Internet logistics solutions that facilitate B2B e-commerce. Descartes' logistics network technology and network-based services enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services.
DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global logistics community connected to Descartes' technological infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement.
For more information about Descartes, visit www.descartes.com.
All registered and unregistered trademarks mentioned in this release are the property of their respective owners.
Annette Van Gerwen
Descartes Systems Group
Tel. (519) 746-6114 ext. 2208
Tel: (305) 925-5368
This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada.