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Descartes acquires Visual Compliance
Photo: Descartes
Descartes Systems Group, a global entity for uniting logistics-intensive businesses in commerce, has signed a definitive agreement to acquire the businesses run by the Management Systems Resources group of companies operating under the names Visual Compliance, e-Customs and MSR (collectively Visual Compliance).
Visual Compliance provides software solutions and services to automate customs, trade and fiscal compliance processes, with a focus on denied and restricted party screening processes and export licensing.
The Canada-based company serves more than 2,000 customers with over 67,500 subscribers operating in over 100 countries. Descartes has agreed to acquire Visual Compliance for around CAD 330 million (approximately USD 250 million), including working capital acquired. (mw)