Key Developments For The Descartes Systems Group Inc.
The Descartes Systems Group Inc. (DSGX.O) (Nasdaq)
The Descartes Systems Group, Inc. And New Trend International Logistics Technology Ltd. Unite To Provide Chinese Logistics Information Management System
The Descartes Systems Group, Inc. announced that it has joined forces with New Trend International Logistics Technology Ltd. (NTI), a Chinese material handling technology provider, to extend and accelerate logistics technology infrastructure throughout China. Descartes will combine its federated platform that unites hardware, software, networks and a community of logistics organizations with NTI's local business network to provide a comprehensive logistics information management system. This information management system includes warehouse management (WMS), transportation management (TMS) and global positioning (GPS) technologies. The joining of these networks creates a platform which enables participants to work together to automate multi-party business processes and share critical information to accelerate productivity improvements and cost savings.
The Descartes Systems Group, Inc. Announces Bought Deal Public Share Offering To Raise CDN$40,002,300
Descartes Systems announced that it has entered into a binding bought deal agreement with a syndicate of underwriters co-led by GMP Securities L.P. and CIBC World Markets Inc., and including Thomas Weisel Partners, Versant Partners Inc. and Paradigm Capital Inc. (collectively the "Underwriters"), to raise gross proceeds of CDN$40,002,300 from a sale of 6,838,000 common shares at a price of CDN$5.85 per share. The offering is scheduled to close on October 20, 2009. The net proceeds of the offering are anticipated to be used by the Company for general corporate purposes and for potential acquisitions. The Company and certain executive officers and directors have agreed to grant the Underwriters an over-allotment option to purchase, in aggregate, up to an additional 1,025,700 common shares, being 15% of the common shares to be sold under the offering, at CDN$5.85 per share, with such additional shares being sold firstly, as to 693,296 common shares by such executive officers and directors and secondly, as to 332,404 common shares, by the Company.
Hallmark Cards, Inc. Selects The Descartes Systems Group, Inc.'s Descartes' Transportation Management And Visibility Solution
The Descartes Systems Group, Inc. announced that Hallmark Cards, Inc. has selected Descartes' Transportation Management and Visibility solution to manage its global, inbound logistics. Descartes' Transportation Management solution enables Hallmark to manage its relationships with its transportation carriers, from shipment planning through execution. Descartes' Visibility solution lets Hallmark monitor the current status of its shipments in real-time.
Etihad Crystal Cargo Selects The Descartes Systems Group, Inc.'s Descartes Cargo 2000 To Standardize Processes
The Descartes Systems Group, Inc. announced that Abu Dhabi, United Arab Emirates-based Etihad Crystal Cargo has selected Descartes Cargo 2000 to help the airline comply with business process and automation standards established by the International Air Transport Association (IATA).
The Descartes Systems Group, Inc. Announces Contract
The Descartes Systems Group, Inc. announced that CEVA Logistics, a global supply chain management company, is using Descartes Cargo 2000 to help it comply with business process and automation standards established by the International Air Transport Association (IATA).
