Descartes Acquires Datamyne
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.
Datamyne, primarily operating in the U.S. and South America, collects, cleanses and commercializes logistics trade data from over 50 nations across five continents, including key markets in North America, Latin America, Asia, Africa, and the European Union. More than 100 million records are gathered each year from official filings with customs authorities and trade ministries. Subscribers use Datamyne’s web‐based solutions and business intelligence tools to augment, speed up and simplify trade data research, and to shape global marketing, prospecting, and sourcing strategies.
Descartes’ GLN, complemented by Datamyne’s content and solutions, is the logical place for multi-national shippers, logistics intermediaries and transportation carriers to manage the complete life-cycle of a shipment, including:
- Researching and making informed decisions about potential trading and logistics partners;
- Classifying goods appropriately and submitting compliant documentation; and
- Moving goods efficiently and securely while collaborating with a broad ecosystem of parties.
Nearly 3,000 Datamyne customers will now join a collaborative multimodal logistics community and have access to a wider set of solutions via Descartes’ Global Logistics Network.
Datamyne is headquartered in Miami, Fla. and has offices in Uruguay, Argentina and Brazil. Datamyne is a portfolio company of Nassau Point Investors LLC, a private equity firm based in Greenwich, CT. The purchase price for the acquisition was approximately $52.7 million in cash.