Descartes acquires InterCommIT

Descartes Systems Group has acquired InterCommIT, a Netherlands-based provider of business-to-business (B2B) integration-as-a-service.

"By adding InterCommIT’s technology and services to our Logistics Technology Platform, our customers have access to a broader scale and scope of document-critical functionalities that are key to efficient supply chain and logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes. "In particular, InterCommIT expands Descartes‘ network capabilities, enhances our logistics application footprint in Web EDI, e-invoicing, e-document, and e-catalogue solutions, and adds a large number of European retailers and suppliers to our logistics community."

InterCommIT is headquartered in Amersfoort, the Netherlands and has approximately 40 employees. The all cash purchase price for the acquisition was €10.1m (approximately $13.8m at November 2, 2011), with Descartes acquiring approximately €0.4m in working capital (approximately $0.5m at November 2, 2011).

Quelle: eyefortransport

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