Descartes Systems Group (NASDAQ:DSGX) announced acquisition of Appterra for up-front consideration of $5.8M, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $1.6M. Any earn-out is expected to be paid in fiscal 2018 and fiscal 2019.
Added Edward J Ryan, Descartes’ CEO. “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.”
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