Descartes Systems Group 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 United States and South America, collects, cleanses and commercializes logistics trade data from more than 50 nations across five continents. 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 and simplify trade data research, and to shape global marketing, prospecting and sourcing strategies.
•Researching and making informed decisions about potential trading and logistics partners
•Classifying goods appropriately and submitting compliant documentation
•Moving goods efficiently and securely while collaborating with a broad ecosystem of parties
Nearly 3,000 Datamyne customers will now have access to a wider set of solutions via Descartes’ GLN.
Datamyne is headquartered in Miami FL and has offices in Uruguay, Argentina and Brazil. It is a portfolio company of Nassau Point Investors LLC, a private equity firm based in Greenwich CT. Purchase price for the acquisition was approximately US $52.7 million in cash.
Learn more at www.decartes.com or www.datamyne.com.