Descartes buys Appterra
Descartes Systems Group has bought Appterra, a US-based provider of cloud-based business-to-business (B2B) supply chain integration solutions. Edward J Ryan, Descartes’ CEO, said: “By adding Appterra’s technology and services to our business, our customers will have access to broader data integration capabilities for standardizing and automating buy-side and sell-side processes. Equally, Appterra’s customers will now join Descartes’ logistics community, presenting additional opportunities for trading partners to collect and share logistics data earlier in the business process.”
Descartes acquired Appterra for an up-front consideration of $5.8m, plus a potential performance-based consideration.