Descartes acquires e-customs

Descartes Systems Group has acquired e-customs Inc., a leading provider of electronic security and fiscal customs filing solutions in the UK
e-customs’ cloud-based solution, Webdecs, provides both shippers and logistics service providers with a wide range of customs capabilities to cost 
effectively comply with UK fiscal filing and security filing requirements.

e-customs’ modular offering is designed to reduce complexity, increase automation, and help to make the end-to-end customs declaration process easy. 
Importers and exporters can leverage default and client-specific standing data, declaration templates, historical filings, on-screen tips and system 
validations to increase speed and accuracy in the filing process.

“By combining with e-customs, we’ve deepened our UK expertise and added more robust capabilities to our global Customs and Regulatory Compliance solution portfolio. It also strengthens Descartes’ position as a trusted technology partner for customers requiring improved shipment management and customs 
compliance across the globe,” said Edward Ryan, CEO of Descartes.

“We’re also excited by the opportunity to help e-customs’ installed base of customers run more efficient and profitable logistics operations by providing 
them access to the complementary solutions available on Descartes’ Logistics Technology Platform.”

Descartes acquired e-customs for up-front consideration of GBP 5.8 million plus potential performance-based consideration. The maximum amount payable under 
the all-cash performance-based earn-out is GBP 0.8 million based on e-customs achieving revenue-based targets over a one year period. Any earn-out is 
expected to be paid in fiscal 2016.

Descartes also announced its acquisition of Pentant Limited, a leading UK-based certified Community System Provider (CSP) offering customs connectivity 
and import/export inventory control solutions for ocean, truck and air cargo. Prior to the acquisition, e-customs and Pentant were independently operated 
companies under common control of several private UK investors.

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