1 month ago
Descartes Systems Group announced Tuesday that it has acquired Extensiv, a warehouse management and fulfillment tech provider, for $120 million. The deal follows Descartes' $100 million acquisition of Tai last week.
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#management
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#management
1 month ago
Descartes Systems Group announced Tuesday that it has acquired Extensiv, a warehouse management and fulfillment tech provider, for $120 million. The deal follows Descartes' $100 million acquisition of Tai last week.
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#descartes #extensiv #provider #deal
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#descartes #extensiv #provider #deal
2 months ago
Descartes Systems Group announced Monday that it has acquired Tai, a TMS provider for freight brokers, for $100 million. The deal was funded with cash on hand.
California-based Tai's AI-powered platform oversees the entire shipment lifecycle, including quoting, sourcing, execution and invoicing. The TMS primarily executes truckload, less-than-truckload, drayage and cross-border shipments.
"The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics NetworkTM," said Andrew Wimer, ******* ociate general manager of transportation management at Descartes.
The Canadian company continues to expand its offering through acquisitions. It has executed 34 deals since 2017.
Descartes (NASDAQ: DSGX) acquired Latin American last-mile logistics tech provider Drivin for $30 million last month. It acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in April.
#descartes #provider #Logistics #shipment
California-based Tai's AI-powered platform oversees the entire shipment lifecycle, including quoting, sourcing, execution and invoicing. The TMS primarily executes truckload, less-than-truckload, drayage and cross-border shipments.
"The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics NetworkTM," said Andrew Wimer, ******* ociate general manager of transportation management at Descartes.
The Canadian company continues to expand its offering through acquisitions. It has executed 34 deals since 2017.
Descartes (NASDAQ: DSGX) acquired Latin American last-mile logistics tech provider Drivin for $30 million last month. It acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in April.
#descartes #provider #Logistics #shipment
4 months ago
Maresca would not have been appointed Man City manager without Pep Guardiola's knowledge
Ex sporting director Txiki Begiristain recommended Maresca to Hugo Viana before 2025 handover
Maresca spent his break from football studying AI, reading Rene Descartes & 'Football and Chess'
Enzo Maresca's appointment as Manchester City manager was aided by seals of approval from former director of football Txiki Begiristain andex-manager Pep Guardiola, as per a new report.
Maresca was confirmed as City's manager on Monday on a contract until 2029 following the resolution of compensation talks with the Italian's former employers Chelsea, bringing to an end a managerial search that began upon Guardiola's departure from the Etihad Stadium in May.
Ex sporting director Txiki Begiristain recommended Maresca to Hugo Viana before 2025 handover
Maresca spent his break from football studying AI, reading Rene Descartes & 'Football and Chess'
Enzo Maresca's appointment as Manchester City manager was aided by seals of approval from former director of football Txiki Begiristain andex-manager Pep Guardiola, as per a new report.
Maresca was confirmed as City's manager on Monday on a contract until 2029 following the resolution of compensation talks with the Italian's former employers Chelsea, bringing to an end a managerial search that began upon Guardiola's departure from the Etihad Stadium in May.
