MIAMI, March 20, 2018 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the U.S. Commercial Service, a business unit of the International Trade Administration (ITA) in the U.S. Department of Commerce, is using the Descartes Datamyne™ global trade data solution to produce in-depth market research to help U.S. exporters better identify new international business opportunities.
"Our mission is to prepare U.S. companies to succeed in international markets and we have discovered that research can be a key catalyst," said Heather Andrea Ranck, International Trade Specialist, Office Director and Global Rural Team Leader, U.S. Commercial Service. "The Descartes Datamyne solution is extremely beneficial because it allows us to show companies the market opportunities available to them in a very tangible and data driven way. We can easily manipulate an enormous amount of global trade data to micro level details, such as the company name of prospective importers. Good data and strong analytics can galvanize companies into action, and it is truly an evolutionary step to be able to provide this level of market data to our clients."
Descartes Datamyne is one of the world's largest, searchable global trade databases of accurate, up-to-date import-export information aggregated from global customs authorities and trade ministries. With data from 50 countries and currently growing by millions of records a year, the solution delivers actionable intelligence for market research, sales insight, supply chain management, enhanced security and competitive strategy. Manufacturers, shippers, wholesalers, transport and logistics service providers, management consultants, legal practitioners, industry analysts and more use the searchable and granular data within Descartes Datamyne to initiate growth strategies, explore new markets, benchmark performance, monitor commodity volumes and values, simplify trade data research, discover buyer-seller relationships and refine sourcing strategies.
"We're pleased to assist the U.S. Commercial Service in helping companies to explore new markets, benchmark performance, discover buyer-seller relationships and refine sourcing and procurement strategies," said Brendan McCahill, Senior Vice President, Trade Data Content at Descartes. "International markets can represent untapped growth opportunities for many businesses, and using Descartes Datamyne to gain unique insights into trade trends down to transaction-level details can help to better inform and direct international trade strategies."
About International Trade Administration (ITA)
ITA is the premier resource and key partner for American companies competing in the global marketplace. The organization promotes trade and investment, and ensures fair trade at home and abroad through the rigorous enforcement of U.S. trade laws and agreements. ITA creates opportunities for U.S. firms by providing focused export assistance and market research, and fostering level playing fields for American business around the world. ITA also directs efforts to promote the United States as the leading destination for foreign investment. For more information, visit www.export.gov/ITA.
About Descartes Systems Group
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. 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, and connect with us on LinkedIn and Twitter.
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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, the number of records the Descartes Datamyne is growing by; 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 purposes 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.
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